Costco Wholesale (NASDAQ:COST) Price Target Raised to $880.00

Costco Wholesale (NASDAQ:COST) had its price target upped by investment analysts at DA Davidson from $780.00 to $880.00 in a report released on Friday, Benzinga reports. The firm presently 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 previous close. DA Davidson also issued estimates for Costco Wholesale’s FY2025 earnings at $17.73 EPS and FY2026 earnings at $18.99 EPS.

A number of other equities research analysts also recently weighed in on COST. Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price for the company in a research report on Thursday, August 8th. Barclays upped their price objective on Costco Wholesale from $830.00 to $850.00 and gave the company an “equal weight” rating in a report on Friday. BMO Capital Markets reaffirmed an “outperform” rating and set a $980.00 target price (up from $950.00) on shares of Costco Wholesale in a report on Friday. StockNews.com upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Finally, Truist Financial lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price objective for the company. in a research report on Tuesday, September 24th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $881.19.

Costco Wholesale Price Performance

Shares of COST 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 stock’s fifty day moving average is $870.67 and its 200-day moving average is $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 released its earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating the consensus estimate of $5.05 by $0.10. The firm had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. Costco Wholesale’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company earned $4.86 EPS. Equities analysts anticipate that Costco Wholesale will post 16.02 EPS for the current year.

Insiders Place Their Bets

In other news, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the transaction, the director now owns 5,920 shares in the company, valued at approximately $5,041,057.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the sale, the director now owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kenneth D. Denman sold 350 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the transaction, the director now owns 5,920 shares in the company, valued at approximately $5,041,057.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,974 shares of company stock worth $4,252,856. 0.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Costco Wholesale

Several institutional investors have recently made changes to their positions in the company. Frank Rimerman Advisors LLC bought a new position in Costco Wholesale during the fourth quarter valued at approximately $26,000. Redmont Wealth Advisors LLC acquired a new position in shares of Costco Wholesale during the 1st quarter worth $32,000. Vima LLC bought a new position in shares of Costco Wholesale during the 4th quarter valued at $34,000. Financial Connections Group Inc. boosted its holdings in Costco Wholesale by 557.1% in the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after purchasing an additional 39 shares in the last quarter. Finally, Bank & Trust Co acquired a new position in Costco Wholesale during the second quarter worth $48,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

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.