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

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

A number of other equities research analysts also recently commented on COST. JPMorgan Chase & Co. decreased their target price on Costco Wholesale from $1,110.00 to $1,100.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $1,091.00 price objective on shares of Costco Wholesale in a research note on Friday, September 4th. Freedom Broker raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $1,030.00 price objective on the stock in a report on Tuesday, September 8th. Citigroup assumed coverage on shares of Costco Wholesale in a research note on Thursday, June 18th. They issued a “neutral” rating and a $1,020.00 price objective on the stock. Finally, Bank of America reduced their target price on shares of Costco Wholesale from $1,200.00 to $1,095.00 and set a “buy” rating for the company in a report on Wednesday, September 16th. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $1,052.65.

Costco Wholesale Price Performance

Shares of COST stock opened at $899.41 on Wednesday. Costco Wholesale has a fifty-two week low of $844.06 and a fifty-two week high of $1,096.50. The firm has a market capitalization 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 company has a debt-to-equity ratio of 0.17, a quick ratio of 0.61 and a current ratio of 1.07. The stock’s 50-day simple moving average is $935.54 and its 200-day simple moving average is $969.45.

Hedge Funds Weigh In On Costco Wholesale

A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp grew its position in shares of Costco Wholesale by 31.7% in the second quarter. State Street Corp now owns 23,901,594 shares of the retailer’s stock valued at $22,359,224,000 after purchasing an additional 5,749,362 shares during the period. Geode Capital Management LLC lifted its stake in Costco Wholesale by 0.3% in the 4th 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 in the last quarter. Bank of America Corp DE raised its holdings in shares of Costco Wholesale by 11.5% during the first quarter. Bank of America Corp DE now owns 7,515,031 shares of the retailer’s stock valued at $7,488,203,000 after acquiring an additional 773,651 shares during the last quarter. Diamant Asset Management Inc. raised its holdings in shares of Costco Wholesale by 99,278.0% during the first quarter. Diamant Asset Management Inc. now owns 6,726,899 shares of the retailer’s stock valued at $672,690,000 after acquiring an additional 6,720,130 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its position in shares of Costco Wholesale by 838.9% in the fourth quarter. Corient Private Wealth LLC now owns 6,125,405 shares of the retailer’s stock valued at $5,282,182,000 after acquiring an additional 5,472,968 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Costco Wholesale

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

Costco Wholesale Company Profile

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.