Costco Wholesale (NASDAQ:COST) Price Target Raised to $900.00

Costco Wholesale (NASDAQ:COST) had its price objective raised by stock analysts at DA Davidson from $880.00 to $900.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the retailer’s stock. DA Davidson’s target price would suggest a potential downside of 9.03% from the stock’s current price. DA Davidson also issued estimates for Costco Wholesale’s FY2025 earnings at $18.31 EPS and FY2026 earnings at $19.43 EPS.

Several other analysts have also recently weighed in on the company. The Goldman Sachs Group lifted their price target on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. UBS Group raised their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays boosted their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Evercore ISI raised their target price on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a report on Thursday. Ten investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $988.46.

Costco Wholesale Price Performance

NASDAQ:COST opened at $989.35 on Friday. The company has a market cap of $438.36 billion, a P/E ratio of 58.09, a P/E/G ratio of 6.05 and a beta of 0.82. The firm’s fifty day moving average price is $926.84 and its two-hundred day moving average price is $885.20. Costco Wholesale has a one year low of $630.30 and a one year high of $1,007.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating analysts’ consensus estimates of $5.05 by $0.10. The business had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. Costco Wholesale’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.86 EPS. Equities analysts expect that Costco Wholesale will post 17.77 earnings per share for the current year.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Russell D. Miller sold 4,400 shares of Costco Wholesale stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $891.15, for a total value of $3,921,060.00. Following the completion of the sale, the executive vice president now directly owns 10,202 shares in the company, valued at approximately $9,091,512.30. The trade was a 30.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $888.99, for a total value of $2,844,768.00. Following the completion of the transaction, the executive vice president now directly owns 8,630 shares in the company, valued at approximately $7,671,983.70. This trade represents a 27.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,016 shares of company stock worth $9,826,115. Company insiders own 0.18% of the company’s stock.

Institutional Trading of Costco Wholesale

Several hedge funds have recently modified their holdings of the stock. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale in the third quarter worth $29,000. Financial Connections Group Inc. grew its stake in shares of Costco Wholesale by 557.1% in the 2nd 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 period. Summit Securities Group LLC bought a new stake in Costco Wholesale in the 2nd quarter valued at about $50,000. Fairway Wealth LLC raised its stake in Costco Wholesale by 230.0% during the 2nd quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after buying an additional 46 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in Costco Wholesale in the third quarter worth approximately $58,000. Institutional investors own 68.48% of the company’s stock.

About Costco Wholesale

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.