Costco Wholesale (NASDAQ:COST) Receives “Buy” Rating from BTIG Research

Costco Wholesale (NASDAQ:COST)‘s stock had its “buy” rating reiterated by equities research analysts at BTIG Research in a research report issued on Wednesday, Benzinga reports. They currently have a $1,125.00 price objective on the retailer’s stock. BTIG Research’s price target points to a potential upside of 25.08% from the stock’s current price.

A number of other research analysts have also recently commented on COST. JPMorgan Chase & Co. cut their price target on shares of Costco Wholesale from $1,110.00 to $1,100.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Oppenheimer reiterated an “outperform” rating and set a $1,160.00 price objective on shares of Costco Wholesale in a report on Wednesday, September 16th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Costco Wholesale in a research report on Tuesday, September 15th. Mizuho set a $1,100.00 target price on shares of Costco Wholesale in a research note on Monday, June 1st. Finally, Citigroup initiated coverage on shares of Costco Wholesale in a research report on Thursday, June 18th. They set a “neutral” rating and a $1,020.00 target price on the stock. Twenty-two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,052.65.

Costco Wholesale Stock Performance

COST stock opened at $899.41 on Wednesday. Costco Wholesale has a twelve month low of $844.06 and a twelve month high of $1,096.50. The firm has a market cap of $398.87 billion, a price-to-earnings ratio of 45.24, a PEG ratio of 3.77 and a beta of 0.86. The business’s fifty day simple moving average is $935.54 and its two-hundred day simple moving average is $969.45. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.17.

Hedge Funds Weigh In On Costco Wholesale

Large investors have recently bought and sold shares of the business. State Street Corp lifted its stake in shares of Costco Wholesale by 31.7% during the 2nd quarter. State Street Corp now owns 23,901,594 shares of the retailer’s stock worth $22,359,224,000 after purchasing an additional 5,749,362 shares during the last quarter. Geode Capital Management LLC grew its stake in Costco Wholesale by 0.3% in 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 purchasing an additional 26,690 shares during the last quarter. Bank of America Corp DE raised its holdings in Costco Wholesale by 11.5% in the first quarter. Bank of America Corp DE now owns 7,515,031 shares of the retailer’s stock worth $7,488,203,000 after purchasing an additional 773,651 shares in the last quarter. Corient Private Wealth LLC raised its holdings in Costco Wholesale by 838.9% in the fourth quarter. Corient Private Wealth LLC now owns 6,125,405 shares of the retailer’s stock worth $5,282,182,000 after purchasing an additional 5,472,968 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Costco Wholesale during the fourth quarter valued at about $5,195,415,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale News Roundup

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

• Positive Sentiment: BTIG analyst Robert Drbul reiterated a Buy rating and maintained a $1,125 price target, citing Costco’s durable growth drivers. The target implies meaningful upside from current levels and reinforces continued Wall Street support. Analyst Reiterates Buy on Costco
• Positive Sentiment: Costco has expanded same-day delivery through DoorDash to all U.S. warehouses. The service could improve member convenience, increase purchase frequency and broaden Costco’s digital reach, although delivery economics will be important to monitor. Costco Nationwide Same-Day Delivery
• Positive Sentiment: Costco plans to open 10 U.S. stores over the next two months, supporting long-term sales growth and membership expansion. Its treasure-hunt shopping experience may also reduce the need to compete aggressively in the broader same-day delivery “arms race.” Costco New Store Expansion
• Neutral Sentiment: Evercore ISI also reaffirmed its Buy rating ahead of earnings, while analysts are focused on quarterly revenue, earnings, comparable sales, membership renewal rates and traffic. Evercore Costco Earnings View
• Neutral Sentiment: Options markets imply a potentially significant post-earnings move, reflecting elevated uncertainty. Speculation about a special dividend could provide a surprise catalyst, but no announcement is confirmed. Expected Costco Earnings Move
• Negative Sentiment: Investors’ high expectations and Costco’s elevated valuation increase downside risk if earnings, guidance or membership metrics fall short. A higher-interest-rate environment could also pressure discretionary consumer spending. Fed Rate Hike Impact on Retailers

About Costco Wholesale

Costco Wholesale Corporation operates membership-based warehouse clubs that offer a broad selection of merchandise at generally competitive prices. Its product range includes groceries, fresh foods, apparel, appliances, electronics, furniture, jewelry, hardware, and seasonal goods, along with private-label products sold under the Kirkland Signature brand.

The company also provides a variety of ancillary services, including gasoline stations, pharmacies, optical centers, hearing-aid centers, food courts, tire centers, and travel services.