JPMorgan Chase & Co. Increases Costco Wholesale (NASDAQ:COST) Price Target to $1,050.00

Costco Wholesale (NASDAQ:COSTGet Free Report) had its target price boosted by research analysts at JPMorgan Chase & Co. from $1,000.00 to $1,050.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the retailer’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 5.27% from the company’s previous close.

A number of other equities analysts have also issued reports on the company. Hovde Group initiated coverage on Costco Wholesale in a report on Tuesday, November 18th. They set a “market perform” rating and a $16.00 price target on the stock. Truist Financial dropped their target price on shares of Costco Wholesale from $1,033.00 to $926.00 and set a “hold” rating for the company in a report on Friday, December 12th. Gordon Haskett upped their price objective on Costco Wholesale from $1,000.00 to $1,100.00 in a research report on Tuesday, February 3rd. DA Davidson restated a “neutral” rating and set a $1,000.00 target price on shares of Costco Wholesale in a research report on Thursday. Finally, UBS Group reissued a “buy” rating on shares of Costco Wholesale in a research report on Friday, December 12th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus target price of $1,007.42.

Get Our Latest Analysis on Costco Wholesale

Costco Wholesale Stock Performance

COST stock traded down $3.75 during trading on Monday, hitting $997.42. 1,232,701 shares of the company traded hands, compared to its average volume of 2,690,017. Costco Wholesale has a 1 year low of $844.06 and a 1 year high of $1,078.23. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.04 and a quick ratio of 0.53. The stock’s 50-day simple moving average is $914.61 and its 200 day simple moving average is $930.44. The company has a market cap of $442.72 billion, a PE ratio of 53.40, a P/E/G ratio of 5.28 and a beta of 1.01.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its quarterly earnings data on Thursday, December 11th. The retailer reported $4.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.27 by $0.07. The firm had revenue of $67.31 billion during the quarter, compared to analysts’ expectations of $67.03 billion. Costco Wholesale had a net margin of 2.96% and a return on equity of 29.35%. Costco Wholesale’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business earned $4.04 earnings per share. On average, equities analysts expect that Costco Wholesale will post 18.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Costco Wholesale news, Director Susan L. Decker sold 458 shares of the business’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $955.00, for a total transaction of $437,390.00. Following the completion of the sale, the director directly owned 8,532 shares in the company, valued at approximately $8,148,060. The trade was a 5.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teresa A. Jones sold 850 shares of the firm’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $986.26, for a total value of $838,321.00. Following the completion of the transaction, the executive vice president directly owned 4,228 shares in the company, valued at $4,169,907.28. The trade was a 16.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,915 shares of company stock worth $6,317,097 in the last quarter. Insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Costco Wholesale by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 43,620,717 shares of the retailer’s stock worth $37,615,889,000 after buying an additional 165,349 shares during the last quarter. State Street Corp raised its stake in Costco Wholesale by 0.5% during the second quarter. State Street Corp now owns 18,325,416 shares of the retailer’s stock worth $18,141,062,000 after purchasing an additional 90,107 shares during the period. Geode Capital Management LLC lifted its holdings in Costco Wholesale by 1.5% in the second quarter. Geode Capital Management LLC now owns 10,275,056 shares of the retailer’s stock valued at $10,124,263,000 after acquiring an additional 150,844 shares during the last quarter. Norges Bank acquired a new position in Costco Wholesale in the second quarter valued at about $5,692,035,000. Finally, Invesco Ltd. boosted its position in shares of Costco Wholesale by 9.8% during the 2nd quarter. Invesco Ltd. now owns 4,291,557 shares of the retailer’s stock worth $4,248,384,000 after purchasing an additional 383,887 shares during the period. Institutional investors own 68.48% of the company’s stock.

Key Costco Wholesale News

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

Costco Wholesale Company Profile

(Get Free Report)

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.

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