Costco Wholesale (NASDAQ:COST) Receives Neutral Rating from DA Davidson

DA Davidson reaffirmed their neutral rating on shares of Costco Wholesale (NASDAQ:COST) in a research note issued to investors on Thursday, Benzinga reports. DA Davidson currently has a $880.00 price objective on the retailer’s stock. DA Davidson also issued estimates for Costco Wholesale’s Q1 2025 earnings at $3.51 EPS, FY2025 earnings at $17.75 EPS and FY2026 earnings at $19.01 EPS.

Other research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Costco Wholesale from $925.00 to $927.00 and gave the company a buy rating in a research report on Thursday, August 8th. Morgan Stanley lifted their target price on shares of Costco Wholesale from $855.00 to $950.00 and gave the company an overweight rating in a research note on Monday, September 9th. Roth Mkm boosted their price objective on shares of Costco Wholesale from $676.00 to $755.00 and gave the stock a neutral rating in a research note on Friday, September 27th. Robert W. Baird boosted their price objective on shares of Costco Wholesale from $850.00 to $975.00 and gave the stock an outperform rating in a research note on Thursday, July 11th. Finally, StockNews.com cut shares of Costco Wholesale from a buy rating to a hold rating in a research note on Friday, September 27th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $886.74.

Costco Wholesale Trading Down 0.5 %

Shares of Costco Wholesale stock traded down $4.57 during trading on Thursday, hitting $889.06. The stock had a trading volume of 191,867 shares, compared to its average volume of 1,949,702. The stock has a 50 day simple moving average of $881.46 and a 200 day simple moving average of $825.57. Costco Wholesale has a 1 year low of $540.23 and a 1 year high of $923.83. The company has a market capitalization of $394.15 billion, a PE ratio of 53.93, a P/E/G ratio of 5.53 and a beta of 0.80. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating 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 firm had revenue of $79.70 billion for the quarter, compared to the consensus estimate of $79.91 billion. During the same period in the previous year, the firm posted $4.86 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. On average, research analysts expect that Costco Wholesale will post 17.73 EPS for the current fiscal year.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $888.99, for a total value of $2,844,768.00. Following the sale, the executive vice president now owns 8,630 shares of the company’s stock, valued at $7,671,983.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $848.53, for a total value of $1,272,795.00. Following the sale, the insider now owns 10,992 shares of the company’s stock, valued at approximately $9,327,041.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Claudine Adamo sold 3,200 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the completion of the sale, the executive vice president now directly owns 8,630 shares in the company, valued at approximately $7,671,983.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,674 shares of company stock valued at $5,831,324 in the last 90 days. 0.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Costco Wholesale

Several large investors have recently made changes to their positions in the company. Redmont Wealth Advisors LLC acquired a new position in Costco Wholesale during the 1st quarter worth about $32,000. Vima LLC acquired a new position in Costco Wholesale during the 4th quarter worth about $34,000. Financial Connections Group Inc. lifted its position in Costco Wholesale by 557.1% during the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after purchasing an additional 39 shares during the period. Bank & Trust Co acquired a new position in Costco Wholesale during the 2nd quarter valued at about $48,000. Finally, Ruedi Wealth Management Inc. lifted its position in Costco Wholesale by 73.5% during the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock valued at $50,000 after purchasing an additional 25 shares during the period. Institutional investors own 68.48% of the company’s stock.

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.