Costco Wholesale (NASDAQ:COST) Price Target Raised to $1,011.00 at Truist Financial

Costco Wholesale (NASDAQ:COST) had its price target boosted by investment analysts at Truist Financial from $977.00 to $1,011.00 in a research note issued on Friday,MarketScreener reports. The firm presently has a “hold” rating on the retailer’s stock. Truist Financial’s price target points to a potential upside of 5.82% from the company’s current price.

A number of other research firms also recently weighed in on COST. Daiwa Securities Group boosted their target price on Costco Wholesale from $917.00 to $975.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 10th. Mizuho lifted their price target on shares of Costco Wholesale from $1,065.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. JPMorgan Chase & Co. boosted their price objective on shares of Costco Wholesale from $1,060.00 to $1,110.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. Rothschild & Co Redburn upped their price objective on shares of Costco Wholesale from $890.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Finally, Telsey Advisory Group increased their target price on shares of Costco Wholesale from $1,125.00 to $1,135.00 and gave the company an “outperform” rating in a report on Thursday, April 9th. Twenty-one analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $1,055.79.

Costco Wholesale Price Performance

NASDAQ COST traded down $39.76 during trading hours on Friday, reaching $955.44. 1,356,024 shares of the stock traded hands, compared to its average volume of 2,104,118. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.59. The stock has a 50 day simple moving average of $1,008.28 and a two-hundred day simple moving average of $962.53. Costco Wholesale has a 1 year low of $844.06 and a 1 year high of $1,096.50. The company has a market cap of $423.88 billion, a price-to-earnings ratio of 49.77, a price-to-earnings-growth ratio of 4.94 and a beta of 0.92.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, May 28th. The retailer reported $4.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.98 by ($0.05). The firm had revenue of $70.53 billion during the quarter, compared to analysts’ expectations of $69.68 billion. Costco Wholesale had a return on equity of 28.57% and a net margin of 2.99%.During the same quarter in the previous year, the company posted $4.28 earnings per share. On average, analysts predict that Costco Wholesale will post 20.33 EPS for the current fiscal year.

Insider Activity

In other news, EVP Claudine Adamo sold 730 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $1,003.02, for a total transaction of $732,204.60. Following the completion of the transaction, the executive vice president directly owned 6,121 shares of the company’s stock, valued at approximately $6,139,485.42. This represents a 10.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FORA Capital LLC acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at $2,781,000. World Investment Advisors raised its position in shares of Costco Wholesale by 8.4% in the fourth quarter. World Investment Advisors now owns 20,081 shares of the retailer’s stock worth $15,835,000 after acquiring an additional 1,560 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of Costco Wholesale by 24.5% during the 4th quarter. Teacher Retirement System of Texas now owns 140,429 shares of the retailer’s stock worth $121,098,000 after acquiring an additional 27,625 shares in the last quarter. Curtis Advisory Group LLC grew its position in shares of Costco Wholesale by 56.7% during the 4th quarter. Curtis Advisory Group LLC now owns 4,535 shares of the retailer’s stock valued at $3,911,000 after acquiring an additional 1,641 shares during the period. Finally, Mariner LLC increased its stake in shares of Costco Wholesale by 1.5% in the 3rd quarter. Mariner LLC now owns 399,894 shares of the retailer’s stock valued at $370,140,000 after purchasing an additional 5,937 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Key Headlines Impacting Costco Wholesale

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

• Positive Sentiment: Costco reported stronger-than-expected sales, with revenue of $70.53 billion versus estimates of $69.68 billion, and U.S. same-store sales rising 9.8%, showing that value-focused shoppers are still spending. Reuters article
• Positive Sentiment: Fuel demand was a standout driver, with Costco’s gas stations setting record volumes as drivers chased lower prices, adding an extra boost to traffic and sales. MarketWatch article
• Positive Sentiment: Digital demand and membership strength continue to support the long-term thesis, with multiple articles highlighting surging e-commerce activity and resilient member-driven growth. TipRanks article
• Positive Sentiment: Analysts remained bullish after the report, with BTIG and Morgan Stanley reaffirming positive ratings and raising price targets to $1,125 and $1,130, respectively. TipRanks article
• Neutral Sentiment: EPS came in at $4.93, slightly below the $4.98 consensus, so margin pressure remains a concern even as top-line momentum stays strong. MarketBeat earnings report
• Negative Sentiment: Gross margin and transportation costs are still pressuring profitability, which is why some commentary described the quarter as “mixed” despite the sales beat. Motley Fool article

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.