Stocks

Costco Wholesale (NASDAQ:COST) Trading Up 1.7% - What's Next?

Published February 3, 2025

Costco Wholesale Co. (NASDAQ:COST) saw its stock price increase by 1.7% during mid-day trading on Monday. The stock reached a high of $997.77 before settling at $997.03. During this trading session, 754,185 shares changed hands, which is a decline of 59% compared to the average volume of 1,858,147 shares. The previous closing price for the stock was $979.88.

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Analyst Ratings Changes

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Multiple analysts have provided updates on Costco's stock. Oppenheimer recently reaffirmed an "outperform" rating and raised their target price from $980.00 to $1,075.00. DA Davidson also increased their target from $880.00 to $900.00, giving the stock a "neutral" rating. Jefferies Financial Group raised their target price from $1,050.00 to $1,145.00, maintaining a "buy" rating. Stifel Nicolaus increased their price target from $935.00 to $1,000.00, labeling the stock as a "buy." Additionally, TD Cowen lifted their target price from $975.00 to $1,090.00 and also rated it as a "buy." Overall, nine analysts rate the stock as a hold while nineteen recommend a buy, leading to an average rating of "Moderate Buy" with an average price target of $1,013.59 according to MarketBeat.com.

Latest Research Report on COST:

Costco Wholesale Stock Up 2.6%

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The company has a solid market capitalization of $446.49 billion, with a P/E ratio of 59.06, a P/E/G ratio of 5.84, and a beta of 0.84. Costco's current ratio stands at 0.98, the quick ratio is 0.43, and the debt-to-equity ratio is 0.23. The stock has a 50-day simple moving average of $954.51 and a 200-day average of $908.28.

Costco Wholesale Announces Dividend

Costco recently announced a quarterly dividend scheduled to be paid on Friday, February 21st. Shareholders on record as of Friday, February 7th, will receive a dividend of $1.16. The ex-dividend date is also on Friday, February 7th, making the annualized dividend $4.64, which gives a yield of 0.46%. Currently, Costco's payout ratio is 27.25%.

Hedge Funds Weigh In On Costco Wholesale

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Recent movements among large investors indicate growing interest in Costco’s shares. RPg Family Wealth Advisory LLC recently bought into Costco during the third quarter, investing approximately $29,000. Endeavor Private Wealth Inc. and Collier Financial also established new positions in Costco during the fourth quarter, valued at about $33,000 and $35,000, respectively. Barrett & Company Inc. increased their holdings by 59.3%, now owning 43 shares valued at $39,000 after acquiring 16 additional shares. Finally, FSC Wealth Advisors LLC joined the ranks of investors with a new stake valued at $41,000. Currently, 68.48% of Costco's stock is held by hedge funds and other institutional investors.

About Costco Wholesale

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Costco Wholesale Corporation operates membership warehouses in various locations, including the United States, Canada, Mexico, Japan, the United Kingdom, and several other countries. The company provides both branded and private-label products across a wide range of categories.

Should You Invest $1,000 in Costco Wholesale Right Now?

Before investing in Costco Wholesale, it's important to consider that while it holds a "Moderate Buy" rating among analysts, some top-rated analysts have identified other stocks as more favorable investments.

MarketBeat has tracked top-performing research analysts to produce a list of five stocks recommended for investment now. Notably, Costco Wholesale is not included on this list.

Visit our report for more insights.

Costco, Stocks, Investing