Costco Wholesale (NASDAQ:COST) Price Target Raised to $1,000.00
by Mitch Edgeman · The Markets DailyCostco Wholesale (NASDAQ:COST – Get Free Report) had its price objective boosted by investment analysts at Wells Fargo & Company from $950.00 to $1,000.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the retailer’s stock. Wells Fargo & Company‘s target price indicates a potential downside of 3.01% from the company’s current price.
Other analysts have also recently issued research reports about the company. Citigroup reissued a “neutral” rating on shares of Costco Wholesale in a report on Friday, February 20th. Jefferies Financial Group reissued a “buy” rating and set a $1,050.00 price objective on shares of Costco Wholesale in a report on Thursday, March 5th. Robert W. Baird set a $1,100.00 price objective on Costco Wholesale in a report on Thursday, February 5th. Mizuho increased their price objective on Costco Wholesale from $1,000.00 to $1,065.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Finally, Northcoast Research set a $1,100.00 target price on Costco Wholesale and gave the stock a “buy” rating in a research note on Wednesday, December 24th. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,043.13.
Check Out Our Latest Report on Costco Wholesale
Costco Wholesale Stock Up 0.1%
Shares of NASDAQ COST opened at $1,030.99 on Thursday. Costco Wholesale has a one year low of $844.06 and a one year high of $1,067.08. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.59. The business’s fifty day moving average price is $992.75 and its 200-day moving average price is $941.87. The stock has a market capitalization of $457.40 billion, a PE ratio of 53.58, a P/E/G ratio of 5.01 and a beta of 0.99.
Costco Wholesale (NASDAQ:COST – Get Free Report) last issued its quarterly earnings data on Thursday, March 5th. The retailer reported $4.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.55 by $0.03. The business had revenue of $69.60 billion for the quarter, compared to analysts’ expectations of $68.96 billion. Costco Wholesale had a return on equity of 28.57% and a net margin of 2.99%.The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.02 EPS. On average, equities research analysts anticipate that Costco Wholesale will post 18.03 EPS for the current year.
Insider Buying and Selling at Costco Wholesale
In related news, EVP Teresa A. Jones sold 850 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $986.26, for a total transaction of $838,321.00. Following the transaction, the executive vice president directly owned 4,228 shares in the company, valued at $4,169,907.28. This trade represents a 16.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan L. Decker sold 458 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $955.00, for a total value of $437,390.00. Following the transaction, the director owned 8,532 shares in the company, valued at approximately $8,148,060. The trade was a 5.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,038 shares of company stock worth $4,790,896 over the last quarter. Company insiders own 0.10% of the company’s stock.
Institutional Investors Weigh In On Costco Wholesale
A number of large investors have recently made changes to their positions in COST. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $27,000. Lifetime Wealth Management P.C. bought a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $28,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $28,000. Hurley Capital LLC boosted its position in shares of Costco Wholesale by 120.0% during the third quarter. Hurley Capital LLC now owns 33 shares of the retailer’s stock valued at $31,000 after purchasing an additional 18 shares in the last quarter. Finally, Entrust Financial LLC bought a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $31,000. 68.48% of the stock is currently owned by institutional investors.
Trending Headlines about Costco Wholesale
Here are the key news stories impacting Costco Wholesale this week:
- Positive Sentiment: Costco reported net sales of $28.41 billion for the five weeks ended April 5 — an 11.3% increase vs. last year; management highlighted robust comps and faster e‑commerce growth, which supports near-term revenue and traffic momentum. Costco Wholesale Corporation Reports March Sales Results
- Positive Sentiment: Multiple sell‑side analysts reaffirmed Buy ratings today (William Blair, Goldman Sachs), citing sustained sales strength, fuel/station-driven traffic and membership tailwinds that support comp growth and recurring revenue. Costco: Sustained Sales Strength… Costco: Resilient Core Performance…
- Positive Sentiment: Telsey Advisory Group raised its price target (from $1,125 to $1,135) and kept an outperform rating, signaling analyst conviction that upside remains vs. the current share level.
- Neutral Sentiment: Operational initiatives and retail wins — testing ultra‑fast checkouts, new Kirkland energy drinks, more store openings (New Braunfels) and even a stand‑alone gas station — point to ongoing productivity and private‑label expansion, but they are longer‑term drivers. Costco Tests Kirkland Energy Drinks Costco sets opening date for New Braunfels store
- Negative Sentiment: Several analysts and commentators flag Costco’s rich valuation — recent pieces call its premium P/E hard to justify and caution that strong sales are already priced in, which could limit further upside or prompt profit‑taking. Costco: Stock’s Premium Valuation Is Hard To Justify
- Negative Sentiment: Some broker notes (e.g., Truist kept a Hold) and analyst commentary stress valuation risk despite the sales beat — investors should watch margins, membership trends and whether traffic gains sustain into coming quarters. Costco Stock Pops on Solid March Sales, But Truist Sticks With Hold
Costco Wholesale Company Profile
Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.
Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.