In the last three months, 43 analysts have published ratings on Costco Wholesale COST, offering a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 10 | 18 | 15 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 4 | 9 | 6 | 0 | 0 |
| 2M Ago | 0 | 3 | 0 | 0 | 0 |
| 3M Ago | 6 | 6 | 8 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $988.72, a high estimate of $1175.00, and a low estimate of $755.00. This current average reflects an increase of 6.51% from the previous average price target of $928.30.
Diving into Analyst Ratings: An In-Depth Exploration
A comprehensive examination of how financial experts perceive Costco Wholesale is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Paul Lejuez | Citigroup | Raises | Neutral | $1060.00 | $800.00 |
| Edward Kelly | Wells Fargo | Raises | Equal-Weight | $1000.00 | $950.00 |
| Michael Baker | DA Davidson | Raises | Neutral | $900.00 | $880.00 |
| Simeon Gutman | Morgan Stanley | Raises | Overweight | $1150.00 | $950.00 |
| Oliver Chen | TD Cowen | Raises | Buy | $1090.00 | $975.00 |
| Scot Ciccarelli | Truist Securities | Raises | Hold | $935.00 | $909.00 |
| Karen Short | Barclays | Raises | Equal-Weight | $940.00 | $850.00 |
| Laura Champine | Loop Capital | Raises | Buy | $1095.00 | $1005.00 |
| Kelly Bania | BMO Capital | Raises | Outperform | $1175.00 | $1075.00 |
| Bill Kirk | Roth MKM | Raises | Neutral | $907.00 | $755.00 |
| Greg Melich | Evercore ISI Group | Raises | Outperform | $1030.00 | $1020.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $1050.00 | $1050.00 |
| Rupesh Parikh | Oppenheimer | Raises | Outperform | $1075.00 | $980.00 |
| Corey Tarlowe | Jefferies | Raises | Buy | $1145.00 | $1050.00 |
| Mark Astrachan | Stifel | Raises | Buy | $1000.00 | $935.00 |
| George Kelly | Wells Fargo | Raises | Equal-Weight | $950.00 | $850.00 |
| Peter Benedict | Baird | Raises | Outperform | $1075.00 | $975.00 |
| Joseph Feldman | Telsey Advisory Group | Raises | Outperform | $1050.00 | $1000.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $1000.00 | $1000.00 |
| Kelly Bania | BMO Capital | Raises | Outperform | $1075.00 | $980.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $1000.00 | $1000.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $1000.00 | $1000.00 |
| Dean Rosenblum | Bernstein | Announces | Outperform | $1016.00 | - |
| Ivan Feinseth | Tigress Financial | Announces | Buy | $1065.00 | - |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $1000.00 | $1000.00 |
| Michael Baker | DA Davidson | Maintains | Neutral | $880.00 | $880.00 |
| Mark Astrachan | Stifel | Raises | Buy | $935.00 | $925.00 |
| Rupesh Parikh | Oppenheimer | Raises | Outperform | $980.00 | $955.00 |
| Greg Melich | Evercore ISI Group | Raises | Outperform | $990.00 | $985.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $1000.00 | $1000.00 |
| Oliver Chen | TD Cowen | Raises | Buy | $975.00 | $925.00 |
| Bill Kirk | Roth MKM | Raises | Neutral | $755.00 | $676.00 |
| Michael Baker | DA Davidson | Raises | Neutral | $880.00 | $780.00 |
| Kate McShane | Goldman Sachs | Raises | Buy | $995.00 | $876.00 |
| George Kelly | Wells Fargo | Raises | Equal-Weight | $850.00 | $800.00 |
| Joseph Feldman | Telsey Advisory Group | Raises | Outperform | $1000.00 | $925.00 |
| Karen Short | Barclays | Raises | Equal-Weight | $850.00 | $830.00 |
| Scot Ciccarelli | Truist Securities | Raises | Hold | $909.00 | $873.00 |
| Kelly Bania | BMO Capital | Raises | Outperform | $980.00 | $950.00 |
| Mark Astrachan | Stifel | Raises | Buy | $925.00 | $915.00 |
| Laura Champine | Loop Capital | Raises | Buy | $1005.00 | $975.00 |
| Scot Ciccarelli | Truist Securities | Maintains | Hold | $873.00 | $873.00 |
| Karen Short | Melius Research | Announces | Hold | $950.00 | - |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Costco Wholesale. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Costco Wholesale compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Costco Wholesale's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Costco Wholesale's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Costco Wholesale analyst ratings.
Get to Know Costco Wholesale Better
Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates over 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the UK.
Financial Insights: Costco Wholesale
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Costco Wholesale's remarkable performance in 3 months is evident. As of 31 August, 2024, the company achieved an impressive revenue growth rate of 0.96%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Staples sector.
Net Margin: Costco Wholesale's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.95% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 10.37%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Costco Wholesale's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.42% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Costco Wholesale's debt-to-equity ratio is below the industry average at 0.35, reflecting a lower dependency on debt financing and a more conservative financial approach.
How Are Analyst Ratings Determined?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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