Costco Wholesale (NASDAQ:COST) PT Raised to $880.00

Costco Wholesale (NASDAQ:COST) had its target price upped by analysts at DA Davidson from $780.00 to $880.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the retailer’s stock. DA Davidson’s price objective points to a potential downside of 0.63% from the company’s current price. DA Davidson also issued estimates for Costco Wholesale’s FY2025 earnings at $17.73 EPS and FY2026 earnings at $18.99 EPS.

Several other equities analysts have also weighed in on COST. Deutsche Bank Aktiengesellschaft lifted their price objective on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Wells Fargo & Company boosted their price objective on shares of Costco Wholesale from $800.00 to $850.00 and gave the stock an “equal weight” rating in a research note on Friday. Morgan Stanley increased their price objective on shares of Costco Wholesale from $855.00 to $950.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Loop Capital lifted their target price on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the company a “buy” rating in a report on Friday. Finally, Redburn Atlantic downgraded Costco Wholesale from a “buy” rating to a “neutral” rating and increased their price target for the company from $860.00 to $890.00 in a report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $881.19.

Costco Wholesale Stock Performance

Shares of COST stock opened at $885.62 on Friday. The firm has a market capitalization of $392.62 billion, a price-to-earnings ratio of 54.87, a price-to-earnings-growth ratio of 5.47 and a beta of 0.80. The company has a 50 day moving average price of $870.67 and a 200 day moving average price of $816.70. Costco Wholesale has a one year low of $540.23 and a one year high of $923.83. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.10. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The business had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. During the same period last year, the company posted $4.86 EPS. The business’s quarterly revenue was up 1.0% on a year-over-year basis. Sell-side analysts anticipate that Costco Wholesale will post 16.02 EPS for the current year.

Insider Transactions at Costco Wholesale

In related news, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the sale, the insider now directly owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction on Friday, July 12th. The shares were sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the transaction, the insider now owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kenneth D. Denman sold 350 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the sale, the director now owns 5,920 shares of the company’s stock, valued at approximately $5,041,057.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,974 shares of company stock valued at $4,252,856. Insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Costco Wholesale

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Frank Rimerman Advisors LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $26,000. Redmont Wealth Advisors LLC acquired a new stake in Costco Wholesale in the first quarter worth $32,000. Financial Connections Group Inc. lifted its stake in Costco Wholesale by 557.1% in the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after buying an additional 39 shares during the last quarter. Vima LLC acquired a new position in shares of Costco Wholesale during the fourth quarter valued at $34,000. Finally, Bank & Trust Co acquired a new position in shares of Costco Wholesale during the second quarter valued at $48,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.