Costco Wholesale (NASDAQ:COST) Price Target Cut to $1,015.00 by Analysts at JPMorgan Chase & Co.

Costco Wholesale (NASDAQ:COST) had its target price lowered by research analysts at JPMorgan Chase & Co. from $1,100.00 to $1,015.00 in a research note issued on Friday, Benzinga reports. The firm currently has an “overweight” rating on the retailer’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 10.42% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Weiss Ratings downgraded Costco Wholesale from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 2nd. HSBC upgraded shares of Costco Wholesale to a “buy” rating in a report on Friday. The Goldman Sachs Group increased their price target on Costco Wholesale from $1,088.00 to $1,159.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Bank of America dropped their price objective on Costco Wholesale from $1,200.00 to $1,095.00 and set a “buy” rating on the stock in a research note on Wednesday, September 16th. Finally, Guggenheim reissued a “neutral” rating on shares of Costco Wholesale in a research report on Monday, June 1st. Twenty-three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target of $1,047.42.

Costco Wholesale Stock Up 2.5%

COST traded up $22.73 during trading on Friday, reaching $919.21. The company had a trading volume of 1,336,827 shares, compared to its average volume of 2,178,490. The company has a market cap of $407.65 billion, a P/E ratio of 46.30, a PEG ratio of 3.78 and a beta of 0.86. Costco Wholesale has a 12 month low of $844.06 and a 12 month high of $1,096.50. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 0.61. The business’s fifty day moving average price is $934.32 and its 200 day moving average price is $968.18.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, September 24th. The retailer reported $6.75 EPS for the quarter, topping analysts’ consensus estimates of $6.54 by $0.21. The business had revenue of $95.72 billion for the quarter, compared to analyst estimates of $94.97 billion. Costco Wholesale had a net margin of 3.01% and a return on equity of 28.04%. Equities analysts anticipate that Costco Wholesale will post 20.42 EPS for the current year.

Institutional Trading of Costco Wholesale

Several institutional investors and hedge funds have recently modified their holdings of the business. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Costco Wholesale during the fourth quarter worth about $27,000. Lifetime Wealth Management P.C. bought a new position in shares of Costco Wholesale in the 4th quarter valued at $28,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Costco Wholesale during the 2nd quarter valued at $28,000. Burk Holdings LLC acquired a new stake in shares of Costco Wholesale during the 2nd quarter valued at $30,000. Finally, Manning & Napier Advisors LLC bought a new position in Costco Wholesale in the second quarter valued at about $30,000. 68.48% of the stock is currently owned by institutional investors.

Key Costco Wholesale News

Here are the key news stories impacting Costco Wholesale this week:

• Positive Sentiment: Costco reported fourth-quarter EPS of $6.75 versus the $6.54 consensus estimate and revenue of $95.72 billion versus $94.97 billion expected. Net income rose 14.9% to approximately $3 billion. Costco earnings beat expectations
• Positive Sentiment: Underlying demand remained healthy, with fourth-quarter comparable sales increasing 9.4% and digitally enabled comparable sales jumping 19.5%. Strong traffic, pharmacy sales and e-commerce momentum support the company’s growth outlook. Costco beats quarterly sales estimates
• Positive Sentiment: Several analysts remain bullish. Mizuho lowered its target to $1,065 while retaining an Outperform rating, and Bernstein set a $1,143 target with the same rating. UBS also maintained a $1,275 Buy target, implying substantial upside from the reference price.
• Neutral Sentiment: The earnings beat included a roughly $0.15-per-share benefit from IEEPA tariff refunds, meaning some of the upside was non-recurring. Costco’s reported $6.75 EPS therefore may overstate the quarter’s sustainable earnings power. Costco posts fourth-quarter net income rise
• Negative Sentiment: Costco’s premium valuation remains a major obstacle: shares trade at roughly 45 times earnings despite a market capitalization near $398 billion. Analysts warn that slowing membership growth and the eventual fading benefit of the 2024 membership-fee increase could limit further multiple expansion.
• Negative Sentiment: Management flagged rising electronics costs tied to memory inflation, creating potential margin pressure. This, combined with the one-time tariff benefit and elevated valuation, helps explain why the stock’s earnings reaction has been weaker than the headline results might suggest. Costco flags rising electronics costs

Costco Wholesale Company Profile

Costco Wholesale Corporation operates membership-based warehouse clubs that offer a broad selection of merchandise at generally competitive prices. Its product range includes groceries, fresh foods, apparel, appliances, electronics, furniture, jewelry, hardware, and seasonal goods, along with private-label products sold under the Kirkland Signature brand.

The company also provides a variety of ancillary services, including gasoline stations, pharmacies, optical centers, hearing-aid centers, food courts, tire centers, and travel services.