Costco Wholesale’s (COST) Neutral Rating Reiterated at DA Davidson

Costco Wholesale (NASDAQ:COST)‘s stock had its “neutral” rating restated by equities researchers at DA Davidson in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $1,000.00 target price on the retailer’s stock. DA Davidson’s target price would indicate a potential upside of 8.06% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Truist Financial increased their price objective on shares of Costco Wholesale from $977.00 to $1,011.00 and gave the stock a “hold” rating in a research note on Friday, May 29th. Royal Bank Of Canada assumed coverage on shares of Costco Wholesale in a research report on Monday, July 13th. They set a “sector perform” rating and a $1,000.00 target price for the company. Weiss Ratings cut shares of Costco Wholesale from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. TD Cowen reiterated a “buy” rating and issued a $1,175.00 price target on shares of Costco Wholesale in a research report on Wednesday, June 3rd. Finally, Bank of America increased their price target on shares of Costco Wholesale from $1,185.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $1,059.53.

Costco Wholesale Stock Performance

COST stock traded down $3.07 during trading on Thursday, reaching $925.41. The stock had a trading volume of 2,169,682 shares, compared to its average volume of 2,176,745. The firm has a market cap of $410.40 billion, a PE ratio of 46.55, a PEG ratio of 3.89 and a beta of 0.87. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17. The stock’s 50 day moving average is $944.65 and its two-hundred day moving average is $978.84. Costco Wholesale has a 52 week low of $844.06 and a 52 week high of $1,096.50.

Insider Buying and Selling

In other Costco Wholesale news, Director Kenneth Denman sold 885 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $957.45, for a total transaction of $847,343.25. Following the sale, the director owned 4,779 shares in the company, valued at approximately $4,575,653.55. This trade represents a 15.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Institutional Trading of Costco Wholesale

A number of hedge funds and other institutional investors have recently modified their holdings of the company. California State Teachers Retirement System increased its holdings in shares of Costco Wholesale by 91,744.7% in the second quarter. California State Teachers Retirement System now owns 631,103,610 shares of the retailer’s stock worth $590,378,494,000 after purchasing an additional 630,416,468 shares during the last quarter. Geode Capital Management LLC boosted its stake in Costco Wholesale by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 10,388,519 shares of the retailer’s stock valued at $8,919,573,000 after buying an additional 26,690 shares during the last quarter. Morgan Stanley grew its holdings in Costco Wholesale by 1.1% during the 4th quarter. Morgan Stanley now owns 9,523,423 shares of the retailer’s stock valued at $8,212,433,000 after buying an additional 107,775 shares in the last quarter. Bank of America Corp DE grew its holdings in Costco Wholesale by 11.5% during the 1st quarter. Bank of America Corp DE now owns 7,515,031 shares of the retailer’s stock valued at $7,488,203,000 after buying an additional 773,651 shares in the last quarter. Finally, Diamant Asset Management Inc. increased its stake in Costco Wholesale by 99,278.0% in the 1st quarter. Diamant Asset Management Inc. now owns 6,726,899 shares of the retailer’s stock worth $672,690,000 after acquiring an additional 6,720,130 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Costco Wholesale

Here are the key news stories impacting Costco Wholesale this week:

• Positive Sentiment: Strong August and fiscal-year sales: Costco reported August net sales of $23.70 billion, up 9.9% year over year. Fourth-quarter sales rose 11.3% to $93.9 billion, while fiscal-year sales increased 10.2% to $297.3 billion. Total comparable sales grew 8.4% for the year, and digitally enabled sales climbed 20.9%, supporting the company’s growth narrative. Costco Wholesale Corporation Reports August Sales Results
• Positive Sentiment: Analysts reaffirm bullish views: BTIG reiterated its Buy rating with a $1,125 price target, while Bank of America maintained a Buy rating and a $1,200 target. Analysts cited resilient core performance, market-share gains, strong August sales and higher estimates. BTIG Costco Analyst Rating
• Neutral Sentiment: Long-term optimism: A bullish forecast argues Costco could surpass the combined market value of Home Depot and Lowe’s by 2030 if it continues expanding memberships, warehouses and profits without fundamentally changing its business model. This is an opinion-based projection rather than a new company forecast. Costco Could Be Worth More Than Home Depot and Lowe’s Combined
• Negative Sentiment: DOJ beef-pricing investigation expands: The Justice Department is requesting records from Costco and other major retailers concerning beef prices, costs, margins, purchasing and supply-chain arrangements. The probe creates potential legal, regulatory and reputational risks, though no wrongdoing has been established. US DOJ Widens Beef Price Inquiry
• Negative Sentiment: Costco Next was abruptly discontinued: The shutdown of the curated online marketplace disappointed some members and raises questions about the service’s contribution to customer engagement and e-commerce growth. Costco Has Ended This Online Service

About Costco Wholesale

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.