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

Key Points

• Truist Financial raised its price target on Costco from $977 to $1,011 while keeping a hold rating, implying about 5.82% upside from the current share price.
• Analyst sentiment remains broadly positive: Costco has a consensus rating of Moderate Buy, with an average target price of $1,055.79 across Wall Street coverage.
• Costco’s latest quarter was mixed but resilient, as revenue of $70.53 billion topped estimates while EPS of $4.93 came in slightly below expectations; the stock also traded lower on Friday to $955.44.

Costco Wholesale (NASDAQ:COST - Get Free Report) had its price objective boosted by investment analysts at Truist Financial from $977.00 to $1,011.00 in a research note issued to investors on Friday,MarketScreener reports. The brokerage presently has a "hold" rating on the retailer's stock. Truist Financial's target price indicates a potential upside of 5.82% from the stock's current price.

Other equities analysts also recently issued research reports about the stock. Sanford C. Bernstein reiterated an "outperform" rating and issued a $1,192.00 target price on shares of Costco Wholesale in a research note on Tuesday, May 12th. Bank of America began coverage on shares of Costco Wholesale in a report on Friday, February 27th. They issued a "buy" rating and a $1,185.00 price objective for the company. Rothschild & Co Redburn lifted 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. BTIG Research reissued a "buy" rating and set a $1,125.00 target price on shares of Costco Wholesale in a report on Friday. Finally, Jefferies Financial Group restated a "buy" rating and set a $1,050.00 target price on shares of Costco Wholesale in a research report on Thursday, March 5th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,055.79.

Costco Wholesale Stock Performance

Shares of COST stock traded down $39.76 on Friday, hitting $955.44. 1,356,024 shares of the stock were exchanged, compared to its average volume of 2,104,118. The firm's 50 day moving average is $1,008.28 and its two-hundred day moving average is $962.53. Costco Wholesale has a one year low of $844.06 and a one year high of $1,096.50. The firm has a market capitalization of $423.88 billion, a PE ratio of 49.77, a P/E/G ratio of 4.94 and a beta of 0.92. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced 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 the consensus estimate of $69.68 billion. Costco Wholesale had a net margin of 2.99% and a return on equity of 28.57%. During the same quarter in the prior year, the firm posted $4.28 earnings per share. Sell-side analysts expect that Costco Wholesale will post 20.33 earnings per share for the current fiscal year.

Insider Activity at Costco Wholesale

In other news, EVP Claudine Adamo sold 730 shares of the company's stock in a transaction on Monday, March 9th. The shares were sold at an average price of $1,003.02, for a total value of $732,204.60. Following the transaction, the executive vice president 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Costco Wholesale

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Costco Wholesale during the fourth quarter worth about $27,000. Lifetime Wealth Management P.C. purchased a new stake in Costco Wholesale in the fourth quarter valued at approximately $28,000. Mcguire Capital Advisors Inc. purchased a new stake in Costco Wholesale in the fourth quarter valued at approximately $28,000. Hurley Capital LLC lifted its position in Costco Wholesale by 120.0% during the third quarter. Hurley Capital LLC now owns 33 shares of the retailer's stock valued at $31,000 after purchasing an additional 18 shares during the last quarter. Finally, Entrust Financial LLC bought a new stake in Costco Wholesale during the fourth quarter valued at approximately $31,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale News Summary

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

Costco Wholesale Company Profile

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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