Costco Wholesale (NASDAQ:COST – Get Free Report) had its price objective lifted by analysts at JPMorgan Chase & Co. from $1,015.00 to $1,150.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the retailer’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 9.15% from the stock’s current price.
A number of other equities research analysts have also issued reports on the stock. Argus reissued a “buy” rating and issued a $1,230.00 price objective on shares of Costco Wholesale in a report on Monday, September 28th. Freedom Broker decreased their target price on shares of Costco Wholesale from $1,030.00 to $1,010.00 and set a “buy” rating on the stock in a report on Friday, September 25th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Costco Wholesale from $1,091.00 to $1,079.00 and set a “buy” rating for the company in a research note on Monday, September 28th. Royal Bank Of Canada restated a “sector perform” rating and set a $1,000.00 price target on shares of Costco Wholesale in a report on Friday, October 9th. Finally, CICC Research started coverage on shares of Costco Wholesale in a research report on Wednesday, October 21st. They set an “outperform” rating and a $1,050.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price of $1,090.55.
Check Out Our Latest Analysis on COST
Costco Wholesale Price Performance
Shares of NASDAQ:COST traded down $12.03 during midday trading on Thursday, hitting $1,053.56. The company had a trading volume of 2,513,062 shares, compared to its average volume of 2,207,412. Costco Wholesale has a twelve month low of $844.06 and a twelve month high of $1,096.50. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.06 and a quick ratio of 0.62. The stock has a market cap of $466.86 billion, a price-to-earnings ratio of 50.75, a price-to-earnings-growth ratio of 4.45 and a beta of 0.85. The business’s 50-day simple moving average is $952.42 and its 200-day simple moving average is $972.49.
Costco Wholesale (NASDAQ:COST – Get Free Report) last announced its quarterly earnings data on Thursday, September 24th. The retailer reported $6.75 EPS for the quarter, topping analysts’ consensus estimates of $6.54 by $0.21. Costco Wholesale had a return on equity of 27.60% and a net margin of 3.04%. The firm had revenue of $95.72 billion for the quarter, compared to the consensus estimate of $94.97 billion. During the same quarter last year, the business posted $5.87 earnings per share. The firm’s revenue was up 11.1% compared to the same quarter last year. On average, research analysts predict that Costco Wholesale will post 22.70 earnings per share for the current year.
Insider Activity at Costco Wholesale
In other news, EVP Claudine Adamo sold 2,200 shares of the firm’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $915.93, for a total transaction of $2,015,046.00. Following the completion of the transaction, the executive vice president directly owned 7,134 shares in the company, valued at $6,534,244.62. This trade represents a 23.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP William Richard Wilcox sold 1,100 shares of Costco Wholesale stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $958.21, for a total value of $1,054,031.00. Following the completion of the sale, the executive vice president directly owned 3,094 shares of the company’s stock, valued at $2,964,701.74. The trade was a 26.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Costco Wholesale
Several institutional investors have recently bought and sold shares of the company. First National Bank of Hutchinson boosted its position in Costco Wholesale by 0.9% in the 1st quarter. First National Bank of Hutchinson now owns 1,098 shares of the retailer’s stock valued at $1,094,000 after buying an additional 10 shares during the period. Frisch Financial Group Inc. raised its position in Costco Wholesale by 1.0% in the 1st quarter. Frisch Financial Group Inc. now owns 1,049 shares of the retailer’s stock valued at $1,045,000 after purchasing an additional 10 shares in the last quarter. Main Street Group LTD boosted its stake in shares of Costco Wholesale by 0.8% in the 1st quarter. Main Street Group LTD now owns 1,226 shares of the retailer’s stock valued at $1,221,000 after buying an additional 10 shares during the period. HORAN Wealth LLC boosted its stake in shares of Costco Wholesale by 1.3% in the 1st quarter. HORAN Wealth LLC now owns 803 shares of the retailer’s stock valued at $769,000 after buying an additional 10 shares during the period. Finally, SHUTTLEWORTH & Co boosted its stake in shares of Costco Wholesale by 0.4% in the 1st quarter. SHUTTLEWORTH & Co now owns 2,442 shares of the retailer’s stock valued at $2,433,000 after buying an additional 10 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.
More Costco Wholesale News
Here are the key news stories impacting Costco Wholesale this week:
- Positive Sentiment: Costco reported October net sales of $24.50 billion, up 12.6% year over year. U.S. comparable sales rose 8.1% excluding gasoline-price changes, while digital growth also accelerated—evidence of continued customer demand. Costco’s October Net Sales Jump 12.6% as Digital Growth Accelerates
- Positive Sentiment: JPMorgan raised its price target to $1,150 from $1,015 and maintained an overweight rating. Bank of America also kept its buy rating following the stronger U.S. comparable-sales results. JPMorgan price-target update Costco retains BofA buy as October U.S. comps rise
- Neutral Sentiment: Recent coverage points to solid share-price momentum, supported by a string of earnings beats, but investors may be watching whether earnings growth can justify the stock’s valuation. Costco Stock: Earnings Growth Could Shape the Next Big Move
- Negative Sentiment: Valuation remains a key risk: reports cite a trailing P/E near 49, leaving limited room for disappointment, while earnings revisions have raised concerns. Citi maintained a hold rating with a $1,020 target, reflecting a more cautious view than JPMorgan’s. Costco Stock: Why Analysts Are Split Despite Strong October Sales
Costco Wholesale Company Profile
Costco Wholesale Corporation operates membership-based warehouse clubs that offer a broad selection of merchandise at generally low prices. Its products include groceries, fresh foods, appliances, electronics, apparel, furniture, and household goods, as well as its Kirkland Signature private-label line.
The company also provides services such as gasoline stations, pharmacies, optical and hearing-aid centers, food courts, and travel offerings. Costco serves members through warehouses and online channels.
Founded in 1983 in Seattle, Costco has expanded across North America, Europe, Asia, and Australia.
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