Key Highlights:
- Costco raises its quarterly dividend by 12.1%, reaching $1.30 per share.
- Analysts predict an average price target of $1,070.16, with a potential upside of 10.58%.
- GuruFocus estimates suggest a fair value of $707.31, indicating a possible downside of 26.91%.
Costco (COST) has delighted its shareholders by announcing a 12.1% increase in its quarterly dividend, which will now rise from $1.16 to $1.30 per share. This enhanced dividend is scheduled for distribution on May 16 to shareholders on record by May 2, with an ex-dividend date set for May 2.
Wall Street Analysts' Forecast
Investors closely watching Costco Wholesale Corp's stock will find interest in the projections of 32 analysts, who have provided a one-year average target price of $1,070.16. This projection spans from a high of $1,205.00 to a low of $890.00, suggesting a potential upside of 10.58% from the current trading price of $967.75. For further insights, explore the detailed estimates on the Costco Wholesale Corp (COST, Financial) Forecast page.
The consensus recommendation from 41 brokerage firms places Costco at an average rating of 2.1, denoting an "Outperform" status. In this evaluation system, 1 represents a Strong Buy and 5 signifies a Sell.
GuruFocus Valuation Insights
For a comprehensive valuation perspective, GuruFocus provides an estimated GF Value for Costco, pegged at $707.31. This suggests a potential downside of 26.91% from the current market price of $967.75. The GF Value is a proprietary calculation reflecting the fair trading value of a stock, based on its historical performance, past trading multiples, and anticipated future business growth. Investors can delve into more detailed valuation information on the Costco Wholesale Corp (COST, Financial) Summary page.
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