DA Davidson Boosts Earnings Estimates for Costco Wholesale

Costco Wholesale Co. (NASDAQ:COST - Free Report) - DA Davidson upped their FY2025 EPS estimates for shares of Costco Wholesale in a research note issued on Thursday, April 10th. DA Davidson analyst M. Baker now expects that the retailer will earn $17.99 per share for the year, up from their prior estimate of $17.97. DA Davidson has a "Neutral" rating and a $1,000.00 price objective on the stock. The consensus estimate for Costco Wholesale's current full-year earnings is $18.03 per share.

COST has been the topic of several other reports. Truist Financial lifted their target price on shares of Costco Wholesale from $935.00 to $995.00 and gave the stock a "hold" rating in a research report on Friday, March 7th. Cowen restated a "buy" rating on shares of Costco Wholesale in a report on Friday, March 7th. Barclays lifted their price target on Costco Wholesale from $940.00 to $980.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. Mizuho assumed coverage on Costco Wholesale in a research note on Friday. They issued a "neutral" rating and a $975.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their target price on Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Ten equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $1,024.03.

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Costco Wholesale Trading Up 1.7 %

Shares of NASDAQ COST traded up $15.91 during mid-day trading on Monday, hitting $979.32. 2,218,559 shares of the company traded hands, compared to its average volume of 2,006,426. The business has a 50 day moving average of $982.89 and a two-hundred day moving average of $949.81. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $434.51 billion, a price-to-earnings ratio of 57.51, a PEG ratio of 6.15 and a beta of 0.95. Costco Wholesale has a 1 year low of $702.00 and a 1 year high of $1,078.24.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing analysts' consensus estimates of $4.09 by ($0.07). The company had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale's dividend payout ratio (DPR) is presently 27.09%.

Insider Buying and Selling

In other news, EVP Claudine Adamo sold 900 shares of Costco Wholesale stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $922.56, for a total transaction of $830,304.00. Following the completion of the sale, the executive vice president now owns 6,987 shares in the company, valued at $6,445,926.72. The trade was a 11.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Gary Millerchip sold 1,100 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $940.01, for a total transaction of $1,034,011.00. Following the completion of the transaction, the executive vice president now owns 11,165 shares in the company, valued at $10,495,211.65. This represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,600 shares of company stock worth $5,215,915 over the last three months. 0.18% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Costco Wholesale

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Costco Wholesale by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 42,201,610 shares of the retailer's stock valued at $38,668,069,000 after purchasing an additional 455,043 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Costco Wholesale by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 9,739,175 shares of the retailer's stock valued at $8,901,249,000 after purchasing an additional 252,118 shares in the last quarter. FMR LLC grew its position in shares of Costco Wholesale by 1.6% in the 4th quarter. FMR LLC now owns 9,457,824 shares of the retailer's stock valued at $8,665,921,000 after purchasing an additional 149,209 shares during the period. GAMMA Investing LLC increased its stake in Costco Wholesale by 106,402.1% during the 1st quarter. GAMMA Investing LLC now owns 8,160,190 shares of the retailer's stock worth $7,717,744,000 after purchasing an additional 8,152,528 shares in the last quarter. Finally, Norges Bank acquired a new stake in Costco Wholesale during the 4th quarter worth approximately $5,182,316,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.