The Costco Wholesale Corporation (COST) has been garnering attention recently, with the likes of Jim Cramer stating it deserves more. After seeing a sales growth of 8% in June, there's strong indication that Costco's growth trend is set to continue. The increase in e-commerce and international expansion played a key role in driving this sales bump. The cost of tomatoes is forecast to rise, according to Cramer.
The company is currently facing a lawsuit over alleged Lululemon knockoffs, but this does not seem to dampen the positive outlook on the company, as its ability to weather economic turmoil has been praised. In fact, COST shares are a favourite among institutional investors, with 69% institutional ownership.
However, amidst an inflationary environment and tariffs, Costco's customers could potentially remain cautious. In spite of that, Costco continues to have the confidence of leading figures like Jim Cramer, who dubbed it a 'huge winner' and 'a must-buy'. He compliments Costco's philosophy of prioritizing volume, their method of transition and forecasts more growth. The capacity to reward shareholders with 12.1% dividend increase demonstrates a very positive present and future outlook for the company.
Costco Wholesale Corp COST News Analytics from Thu, 10 Oct 2024 07:00:00 GMT to Fri, 11 Jul 2025 10:48:05 GMT - Rating 7 - Innovation 2 - Information 8 - Rumor 2
