William Blair analyst Phillip Blee has maintained their bullish stance on COST stock, giving a Buy rating yesterday.
Phillip Blee has given his Buy rating due to a combination of factors including Costco’s impressive financial performance and strategic growth initiatives. The company reported a significant 7% increase in monthly sales for April 2025 compared to the previous year, which was achieved despite having one less shopping day due to the timing of Easter. This growth was supported by a 4.4% rise in comparable sales and the addition of 29 new warehouses, reflecting a 3.3% increase in units.
Furthermore, Costco’s decision to raise its quarterly cash dividend by 12% demonstrates its strong financial health and commitment to returning value to shareholders. The increase from $1.16 to $1.30 per share, or $5.20 annually, signals confidence in sustained earnings growth. These factors collectively underpin Phillip Blee’s optimistic outlook and Buy rating for Costco’s stock.
In another report released yesterday, Telsey Advisory also maintained a Buy rating on the stock with a $1,100.00 price target.