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Costco Wholesale (NASDAQ:COST) underwent analysis by 24 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
---|---|---|---|---|---|
Total Ratings | 9 | 13 | 2 | 0 | 0 |
Last 30D | 0 | 2 | 0 | 0 | 0 |
1M Ago | 2 | 4 | 0 | 0 | 0 |
2M Ago | 4 | 6 | 2 | 0 | 0 |
3M Ago | 3 | 1 | 0 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $924.33, a high estimate of $975.00, and a low estimate of $800.00. This upward trend is evident, with the current average reflecting a 4.32% increase from the previous average price target of $886.04.
In examining recent analyst actions, we gain insights into how financial experts perceive Costco Wholesale. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
---|---|---|---|---|---|
Greg Melich | Evercore ISI Group | Raises | Outperform | $925.00 | $915.00 |
Rupesh Parikh | Oppenheimer | Raises | Outperform | $955.00 | $925.00 |
Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $925.00 | $925.00 |
Kelly Bania | BMO Capital | Raises | Outperform | $950.00 | $875.00 |
Chuck Grom | Gordon Haskett | Announces | Buy | $925.00 | - |
Krisztina Katai | Deutsche Bank | Raises | Buy | $927.00 | $925.00 |
Rupesh Parikh | Oppenheimer | Lowers | Outperform | $925.00 | $950.00 |
Greg Melich | Evercore ISI Group | Lowers | Outperform | $915.00 | $920.00 |
Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $925.00 | $925.00 |
Oliver Chen | TD Cowen | Raises | Buy | $925.00 | $850.00 |
George Kelly | Wells Fargo | Raises | Equal-Weight | $800.00 | $775.00 |
Rupesh Parikh | Oppenheimer | Raises | Outperform | $950.00 | $905.00 |
Greg Melich | Evercore ISI Group | Raises | Outperform | $920.00 | $890.00 |
Karen Short | Barclays | Raises | Equal-Weight | $830.00 | $765.00 |
Laura Champine | Loop Capital | Raises | Buy | $970.00 | $940.00 |
Mark Astrachan | Stifel | Raises | Buy | $950.00 | $900.00 |
Robert Ohmes | B of A Securities | Raises | Buy | $962.00 | $874.00 |
Peter Benedict | Baird | Raises | Outperform | $975.00 | $850.00 |
Joseph Feldman | Telsey Advisory Group | Raises | Outperform | $925.00 | $900.00 |
Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $900.00 | $900.00 |
Mark Astrachan | Stifel | Raises | Buy | $900.00 | $850.00 |
Ivan Feinseth | Tigress Financial | Raises | Buy | $975.00 | $870.00 |
Greg Melich | Evercore ISI Group | Raises | Outperform | $890.00 | $860.00 |
Laura Champine | Loop Capital | Raises | Buy | $940.00 | $890.00 |
For valuable insights into Costco Wholesale's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Costco Wholesale analyst ratings.
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 enjoys 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.
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Positive Revenue Trend: Examining Costco Wholesale's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 9.07% as of 31 May, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Staples sector.
Net Margin: Costco Wholesale's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.87% 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 7.9%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Costco Wholesale's ROA excels beyond industry benchmarks, reaching 2.5%. This signifies efficient management of assets and strong financial health.
Debt Management: Costco Wholesale's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.43.
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: COST