Costco's introduction of membership card scanners at the front of U.S. stores is still rolling out, but the move is already paying off big for the wholesale club. Morgan Stanley analysts wrote in a note this week that Costco warehouses are seeing as much as low double-digit increases in membership counts after implementing the scanners, and suggested the high conversion rates of previously non-paying customers could lead to the retailer's "Netflix moment." Ticker Security Last Change Change % COST COSTCO WH ...

Costco Wholesale Corporation (COST) is gearing up to attract fitness enthusiasts by offering the Peloton Bike+ at its 300 U.S. outlets and online this holiday season. This collaboration between the wholesale retail giant and Peloton Interactive, Inc. (PTON) brings a unique opportunity for shoppers to purchase high-end fitness equipment at competitive prices. With growing consumer demand for home workout options and Peloton’s brand recognition, this move should spark a win-win scenario for both companies.Bik ...

Peloton's stationary bikes will soon sell at Costco's stores and on its website as the beleaguered fitness company looks for new ways to reach younger and affluent customers, Peloton is set to announce Tuesday.Under the terms of the deal, Costco will offer Peloton's Bike+ in 300 of its U.S. stores for $1,999, and on Costco.com for $2,199 between Nov. 1 and Feb. 15. It is a steep discount from the typical price of the Bike+, which is selling on Peloton's website for $2,495. It is unclear how the price will c ...

This warehouse giant could be the ultimate "buy and hold" dividend stock for long-term investors.Money doesn't grow on trees, but dividends might be the next best thing. Since 1900, these cash payouts have fueled the bulk of U.S. stock market gains. The magic lies in compounding-reinvested dividends snowball over time, potentially turning modest investments into fortunes.Even so, not all dividend stocks are capable of delivering market-beating results. The real wealth-builders maintain their edge for decade ...

Buying oversold stocks is not a question of one man’s trash being another’s treasure. In many cases, it’s simply the ability to look at specific fundamental or technical indicators as a way to identify stocks that are buying opportunities. One of those metrics is the relative strength indicator (RSI). This is a momentum indicator that measures the speed and magnitude of a security’s recent price changes to predict overvalued (over 70) or undervalued (under 30) conditions in a stock’s price.  Undervalued sto ...

These leading tech companies offer superior growth prospects at lower price-to-earnings ratios.Shares of Costco (COST 0.48%) are up 54% over the last 12 months, but most of that return was driven by an increase in the price-to-earnings (P/E) multiple that Wall Street is willing to pay for the shares -- not actual growth in the company's earnings per share.Analysts expect Costco to report annualized earnings growth of 9% over the long term, yet the stock trades at a price-to-earnings ratio that is usually re ...

Core Insights - Costco Wholesale has shown impressive earnings growth, with revenue and net income increasing even during challenging times, such as the early pandemic, leading to a nearly 200% stock price increase over the past five years and over 30% in 2024 [1] Group 1: Valuation - Costco's high forward price-to-earnings (P/E) ratio of about 49 times is significantly higher than competitors like Walmart and Target, which may initially seem expensive [2] - The company's unique warehouse model allows it to generate most profits through membership fees, providing a steady income stream before any sales occur, and enabling it to offer low prices on essential goods [3] - Costco's membership renewal rates have consistently remained above 90%, indicating a reliable source of profit and justifying its premium valuation [3] Group 2: Stock Split Potential - The high share price, currently over $800, may limit access for smaller investors, potentially prompting Costco to consider a stock split to make shares more accessible [4] - A stock split would not change the company's fundamentals or market cap but could increase demand for shares, positively impacting their price [4] - Costco has not split its stock in 24 years, but the significant price increase from about $500 to over $800 in the past two years suggests that now may be an opportune time for such a move [5] Group 3: Dividend Profile - Costco's regular dividend yield is approximately 0.5%, lower than the S&P 500 average of 1.3%, but it remains an attractive option for long-term investors due to consistent annual dividend payments of $4.64 per share [6] - The company has a history of issuing special dividends, with past payouts ranging from $5 to $15 per share, including a recent total payment of $6.7 billion announced in December [6] - While future special dividends cannot be guaranteed, Costco's history suggests a likelihood of continued special payouts, alongside growing regular dividends [7]

Costco Wholesale Corporation (COST) , renowned for its membership-based warehouse model, recently released its sales results for September. This data offers fresh insights into the company's performance within a rapidly evolving retail landscape. As investors evaluate the performance, a crucial question arises: Should they buy, hold or sell Costco stock?The September sales figures arrive at a moment when inflation, ongoing geopolitical tensions, and a contentious presidential election are influencing consum ...

HICKSVILLE, N.Y., Oct. 17, 2024 /PRNewswire/ -- Flagstar Bank, N.A., (the "Bank") a subsidiary of New York Community Bancorp, Inc., (NYSE: NYCB) (the "Company"), today announced a workforce reduction as part of its strategic transformation plan, consistent with the business strategy outlined previously, and aimed at further integrating its three legacy banks that were united through acquisitions.Commenting on the reduction, Joseph Otting, Chairman, President and CEO stated, "We want to express our appreciat ...

ISSAQUAH, Wash., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today announced that its Board of Directors has declared a quarterly cash dividend on Costco common stock of $1.16 per share. The quarterly dividend is payable November 15, 2024, to shareholders of record at the close of business on November 1, 2024. Costco currently operates 891 warehouses, including 614 in the United States and Puerto Rico, 108 in Canada, 40 in Mexico, 35 in Japan, 29 ...