You don't have to own a high-flying technology business to achieve magnificent returns in the stock market. Even boring retailers can boost your portfolio. That's certainly true for Costco Wholesale (COST -0.47%). Shares of the popular warehouse store operator are up 219% just in the past five years. Looking ahead, can this phenomenal retail stock double your money in the next five years? Here's what investors should be thinking about right now.Costco is a fantastic businessIf we just look at Costco's under ...

Key PointsThe stock market advanced following hotter-than-expected inflation data. CPI data showed headline and core inflation accelerated compared to last year. The market priced in an interest rate cut but is mispricing when it will come. 5 stocks we like better than Costco WholesaleThe stock market has absolutely, 100% priced in a rate cut. The market has been expecting a rate cut for more than a year and is, in fact, pricing in a soft landing and sustained economic growth. The question that needs to be ...

Costco Wholesale (COST 3.19%) isn't exactly a high-yield stock, but what it lacks in yield, it makes up for in dividend growth. It has increased its payment for 19 years and counting, with the average annual dividend boost over the past decade sitting at a heady 12%. Those two stats are built on what is now a customer foundation worth $4.5-billion-plus annually. Here's what you need to know about Costco's secret weapon.Costco isn't like most retailersEvery retailer will tell you that customer satisfaction i ...

At first glance, a concerted focus on stable blue-chip stocks might seem excessively cautious. After all, the market is booming, companies are hiring and people are spending. Don’t readily believe everything that you hear.No, I’m not advocating a doom-and-gloom narrative. However, there’s some evidence that a rotation out of the usual suspects – typically technology-related – is occurring, leading to other entities to play catch up. Yes, seemingly everyone loves artificial intelligence and what not. But thi ...

Costco Wholesale (COST 2.99%) stock has been reaching new highs in 2024, but it could have more room to run. The warehouse club retailing giant received another analyst upgrade late Monday, which helped push the stock higher in early Tuesday trading.BMO Capital reiterated its bullish overall rating on Costco's stock while boosting the target share price to $800 from $770. Hitting that number would mean a further 9% appreciation for Costco shares over the next 12 months or so, which have rallied nearly 56% i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☒ EXCHANGE ACT OF 1934 For the quarterly period ended February 18, 2024 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☐ EXCHANGE ACT OF 1934 Commission file number 0-20355 Costco Wholesale Corporation (Exact name of registrant as specified in its charter) Washington 91-1223280 (State or other jurisdiction of (I.R.S. Employer Identificat ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores.What are th ...

Investment Rating - The report maintains a "Buy" rating for Costco (COST) [1][5][7] Core Insights - In FY2024 Q2, Costco reported revenue of $58.44 billion, a year-on-year increase of 5.7%, slightly below Bloomberg's consensus estimate of 6.8% [1][3] - The company's e-commerce sales grew significantly, up 18.2% year-on-year, contributing to a record logistics delivery volume exceeding 1 million, a 28% increase from the previous year [1][3] - Membership revenue reached $1.11 billion, up 8.2% year-on-year, with a global renewal rate exceeding 90% [3][4] Revenue and Profitability - Total revenue for FY2024 Q2 was $58.44 billion, with merchandise sales accounting for $57.33 billion and membership fees for $1.11 billion [1][3] - The overall gross margin was 12.5%, a slight increase of 0.1 percentage points year-on-year, while net profit was $1.74 billion, reflecting an 18.9% year-on-year increase [1][3] - The diluted EPS for the quarter was $3.92, up 17.7% year-on-year [1][3] Membership Growth - As of FY2024 Q2, Costco's membership count continued to grow, with a total of 132 million cardholders, a 7.3% increase year-on-year [3][4] - The renewal rate for members in the U.S. and Canada was 92.9%, while the global renewal rate stood at 90.5% [3][4] Store Expansion - As of the end of Q2, Costco had a total of 875 stores, an increase of 27 stores year-on-year, with 603 located in the U.S. [4] - The company plans to open 15 new stores in FY2024 Q3-Q4, with 11 in the U.S. and others in Japan, South Korea, and China [4] Financial Forecast - The report projects Costco's revenue for FY2024 to be $272.17 billion, with net profits of $7.145 billion, and estimates for FY2025 and FY2026 are $303.28 billion and $335.97 billion respectively [5][6] - The expected P/E ratios for FY2024, FY2025, and FY2026 are 45, 38, and 33 respectively [5][6]

Costco Hits A Wall jetcityimage / iStock Editorial via Getty Images Costco’s (NASDAQ: COST) revenue model is the envy of the retail industry. It charges consumers money to shop at its stores. “Members” spend as much as $120 yearly to go to Costco’s brick-and-mortar locations or shop at Costco.com. So, the retailer gets a steady line of recurring revenue, along with the amount people pay for goods and services. However, based on recent earnings, the model hit a wall.After it announced earnings, Costco’s st ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >Costco Wholesale Corporation’s stock faced a significant downturn, closing down over 7% at approximately $725 per share on Friday.This marked the worst performance day for the retailer’s stock in nearly two years, following its failure to meet Wall Street’s earnings expectations. Second-quarter earnings reveal mixed resultsCopy link to sectionThe dip in stock prices came in the wake of Costco’s earnings report for the second quarter ...