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

Costco Wholesale (NASDAQ:COST)‘s stock had its “buy” rating reiterated by analysts at BTIG Research in a research note issued to investors on Thursday, Benzinga reports. They currently have a $1,125.00 price objective on the retailer’s stock. BTIG Research’s target price would suggest a potential upside of 21.17% from the company’s current price.

Several other equities research analysts also recently weighed in on COST. TD Cowen reaffirmed a “buy” rating and set a $1,175.00 price target on shares of Costco Wholesale in a report on Wednesday, June 3rd. Oppenheimer raised their price target on Costco Wholesale from $1,100.00 to $1,160.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Roth Capital raised their price objective on shares of Costco Wholesale from $769.00 to $781.00 and gave the company a “sell” rating in a research note on Friday, May 29th. Citigroup assumed coverage on Costco Wholesale in a research note on Thursday, June 18th. They issued a “neutral” rating and a $1,020.00 price objective for the company. Finally, Bank of America increased their target price on Costco Wholesale from $1,185.00 to $1,200.00 and gave the company a “buy” rating in a report on Friday, May 29th. 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 stock. According to data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price of $1,059.53.

Costco Wholesale Trading Down 1.2%

NASDAQ COST opened at $928.48 on Thursday. Costco Wholesale has a 12-month low of $844.06 and a 12-month high of $1,096.50. The stock has a market cap of $411.76 billion, a P/E ratio of 46.70, a P/E/G ratio of 3.89 and a beta of 0.87. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $944.65 and a two-hundred day simple moving average of $978.84.

Insiders Place Their Bets

In related news, Director Kenneth D. Denman sold 885 shares of Costco Wholesale stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $957.45, for a total value of $847,343.25. Following the completion of the sale, the director owned 4,779 shares in the company, valued at approximately $4,575,653.55. The trade was a 15.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Costco Wholesale

A number of large investors have recently bought and sold shares of the business. C M Bidwell & Associates Ltd. acquired a new position in shares of Costco Wholesale during the second quarter valued at $28,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Costco Wholesale in the 4th quarter worth approximately $27,000. Burk Holdings LLC bought a new stake in Costco Wholesale during the 2nd quarter valued at $30,000. Manning & Napier Advisors LLC bought a new position in shares of Costco Wholesale in the second quarter worth $30,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in shares of Costco Wholesale during the fourth quarter valued at about $28,000. 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:

• Positive Sentiment: August sales were robust: Costco reported $23.7 billion in August net sales, up 9.9% year over year. Fourth-quarter sales increased 11.3% to $93.9 billion, while fiscal-year sales rose 10.2% to $297.3 billion. Total-company comparable sales grew 8.4% for August, and digitally enabled sales climbed 17.9%. Costco Wholesale Corporation Reports August Sales Results
• Positive Sentiment: Analysts remain constructive: BTIG’s Robert Drbul reaffirmed a Buy rating with a $1,125 price target, citing strong August sales and higher estimates. Bank of America’s Christopher Nardone also maintained a Buy rating and $1,200 target, pointing to resilient core performance and continued share gains. BTIG Reaffirms Buy on Costco
• Neutral Sentiment: Calendar effects clouded the monthly comparison: Costco said the later Labor Day holiday reduced August total and comparable sales by slightly less than 75 basis points. Core U.S. comparable sales, excluding gasoline and foreign-exchange effects, increased 5.6%.
• Negative Sentiment: Premium valuation may be limiting upside: Costco trades at a high earnings multiple, leaving less room for disappointment even after strong sales. The stock’s decline while the broader market rose suggests investors may already have priced in much of the company’s growth.
• Negative Sentiment: Regulatory and service concerns added pressure: The Justice Department expanded an investigation into retail beef-price increases to include Costco, Walmart and other retailers. Separately, Costco abruptly ended its Costco Next online marketplace, potentially frustrating members, although the direct financial impact is unclear. DOJ Expands Beef Price Investigation

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.