Costco Wholesale (NASDAQ:COST) Price Target Raised to $1,050.00

Costco Wholesale (NASDAQ:COST) had its price objective upped by Telsey Advisory Group from $1,000.00 to $1,050.00 in a research note issued to investors on Thursday, MarketBeat reports. Telsey Advisory Group currently has an outperform rating on the retailer’s stock. Telsey Advisory Group also issued estimates for Costco Wholesale’s Q1 2025 earnings at $3.85 EPS, Q2 2025 earnings at $4.09 EPS, Q3 2025 earnings at $4.18 EPS, FY2025 earnings at $18.00 EPS, Q1 2026 earnings at $4.33 EPS, Q2 2026 earnings at $4.51 EPS, Q3 2026 earnings at $4.68 EPS and FY2026 earnings at $19.97 EPS.

COST has been the topic of a number of other reports. DA Davidson reaffirmed a “neutral” rating and set a $880.00 price target on shares of Costco Wholesale in a research note on Thursday, October 10th. TD Cowen upped their target price on Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Truist Financial downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price target for the company. in a research report on Tuesday, September 24th. StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, Oppenheimer lifted their price objective on shares of Costco Wholesale from $955.00 to $980.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Ten equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $928.50.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $992.61 on Thursday. The stock’s 50 day moving average price is $915.79 and its two-hundred day moving average price is $878.74. The stock has a market capitalization of $439.80 billion, a price-to-earnings ratio of 59.90, a PEG ratio of 6.11 and a beta of 0.82. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. Costco Wholesale has a 52-week low of $606.35 and a 52-week high of $997.71.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The business had revenue of $79.70 billion during the quarter, compared to analysts’ expectations of $79.91 billion. During the same period last year, the company posted $4.86 earnings per share. The business’s quarterly revenue was up 1.0% on a year-over-year basis. On average, equities analysts predict that Costco Wholesale will post 17.73 earnings per share for the current year.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $1.16 per share. The ex-dividend date was Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.47%. Costco Wholesale’s dividend payout ratio is presently 28.00%.

Insider Buying and Selling

In other news, EVP Russell D. Miller sold 4,400 shares of Costco Wholesale stock in a transaction 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 transaction, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the sale, the executive vice president now directly owns 27,400 shares in the company, valued at $24,514,232. This trade represents a 4.91 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,016 shares of company stock valued at $9,826,115. 0.18% of the stock is owned by insiders.

Institutional Investors Weigh In On Costco Wholesale

Several hedge funds and other institutional investors have recently modified their holdings of COST. Geode Capital Management LLC increased its holdings in Costco Wholesale by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock worth $8,380,648,000 after acquiring an additional 162,191 shares during the period. FMR LLC grew its position in shares of Costco Wholesale by 3.6% during the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after purchasing an additional 324,973 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Costco Wholesale by 113,947.9% in the third quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock worth $6,534,464,000 after purchasing an additional 7,364,453 shares during the period. Legal & General Group Plc raised its position in shares of Costco Wholesale by 2.5% in the second quarter. Legal & General Group Plc now owns 3,650,562 shares of the retailer’s stock worth $3,102,941,000 after buying an additional 88,550 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in Costco Wholesale by 3.8% during the third quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer’s stock valued at $3,013,394,000 after buying an additional 125,444 shares during the period. 68.48% of the stock is currently owned by institutional investors.

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.