In the preceding three months, 27 analysts have released ratings for Costco Wholesale COST, presenting a wide array of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 16 | 6 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 4 | 0 | 0 | 0 |
| 2M Ago | 1 | 5 | 3 | 0 | 0 |
| 3M Ago | 3 | 7 | 3 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $787.96, a high estimate of $900.00, and a low estimate of $650.00. This upward trend is apparent, with the current average reflecting a 5.14% increase from the previous average price target of $749.46.
Exploring Analyst Ratings: An In-Depth Overview
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 |
|---|---|---|---|---|---|
| Chris Graja | Argus Research | Raises | Buy | $900.00 | $805.00 |
| Rupesh Parikh | Oppenheimer | Raises | Outperform | $850.00 | $805.00 |
| Greg Melich | Evercore ISI Group | Raises | Outperform | $820.00 | $810.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $800.00 | $800.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $800.00 | $800.00 |
| Paul Lejuez | Citigroup | Raises | Neutral | $710.00 | $630.00 |
| Greg Melich | Evercore ISI Group | Lowers | Outperform | $790.00 | $805.00 |
| Laura Champine | Loop Capital | Lowers | Buy | $820.00 | $830.00 |
| Michael Baker | DA Davidson | Maintains | Neutral | $680.00 | $680.00 |
| Greg Melich | Evercore ISI Group | Raises | Outperform | $805.00 | $795.00 |
| Bill Kirk | Roth MKM | Raises | Neutral | $650.00 | $601.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $800.00 | $800.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $800.00 | $800.00 |
| Chuck Grom | Gordon Haskett | Announces | Accumulate | $775.00 | - |
| Ivan Feinseth | Tigress Financial | Raises | Buy | $870.00 | $745.00 |
| Kelly Bania | BMO Capital | Raises | Outperform | $800.00 | $770.00 |
| Seth Sigman | Barclays | Raises | Equal-Weight | $700.00 | $614.00 |
| Michael Baker | DA Davidson | Raises | Neutral | $680.00 | $600.00 |
| Mark Astrachan | Stifel | Raises | Buy | $800.00 | $735.00 |
| Greg Melich | Evercore ISI Group | Raises | Outperform | $815.00 | $770.00 |
| Scot Ciccarelli | Truist Securities | Raises | Buy | $815.00 | $741.00 |
| Rupesh Parikh | Oppenheimer | Maintains | Outperform | $805.00 | $805.00 |
| George Kelly | Wells Fargo | Raises | Equal-Weight | $750.00 | $675.00 |
| Peter Benedict | Baird | Raises | Outperform | $850.00 | $775.00 |
| Joseph Feldman | Telsey Advisory Group | Raises | Outperform | $800.00 | $785.00 |
| Rupesh Parikh | Oppenheimer | Raises | Outperform | $805.00 | $760.00 |
| Joseph Feldman | Telsey Advisory Group | Raises | Outperform | $785.00 | $750.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Costco Wholesale. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Costco Wholesale compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Costco Wholesale's stock. This comparison reveals trends in analysts' expectations over time.
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.
All You Need to Know About Costco Wholesale
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.
Unraveling the Financial Story of Costco Wholesale
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Costco Wholesale's remarkable performance in 3 months is evident. As of 29 February, 2024, the company achieved an impressive revenue growth rate of 5.75%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Staples sector.
Net Margin: Costco Wholesale's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 2.98%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Costco Wholesale's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 7.43%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Costco Wholesale's ROA excels beyond industry benchmarks, reaching 2.49%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.45, Costco Wholesale adopts a prudent financial strategy, indicating a balanced approach to debt management.
Understanding the Relevance of Analyst Ratings
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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