JPMorgan Chase & Co. Cuts Costco Wholesale (NASDAQ:COST) Price Target to $1,100.00

Costco Wholesale (NASDAQ:COST) had its target price cut by investment analysts at JPMorgan Chase & Co. from $1,110.00 to $1,100.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the retailer’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 15.41% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the stock. Guggenheim reiterated a “neutral” rating on shares of Costco Wholesale in a research report on Monday, June 1st. The Goldman Sachs Group upped their target price on shares of Costco Wholesale from $1,088.00 to $1,159.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Roth Capital raised their target price on shares of Costco Wholesale from $769.00 to $781.00 and gave the company a “sell” rating in a research note on Friday, May 29th. Citigroup started coverage on shares of Costco Wholesale in a report on Thursday, June 18th. They issued a “neutral” rating and a $1,020.00 price target on the stock. Finally, Wells Fargo & Company boosted their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 9th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,061.10.

Costco Wholesale Stock Performance

NASDAQ COST opened at $953.13 on Thursday. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.17. Costco Wholesale has a twelve month low of $844.06 and a twelve month high of $1,096.50. The business has a 50-day moving average price of $986.93 and a 200-day moving average price of $975.26. The firm has a market cap of $422.69 billion, a price-to-earnings ratio of 47.94, a price-to-earnings-growth ratio of 4.59 and a beta of 0.88.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, May 28th. The retailer reported $4.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.94 by ($0.01). Costco Wholesale had a net margin of 3.01% and a return on equity of 28.04%. The business had revenue of $70.53 billion for the quarter, compared to the consensus estimate of $70.12 billion. During the same period last year, the business posted $4.28 EPS. As a group, equities research analysts predict that Costco Wholesale will post 20.38 EPS for the current fiscal year.

Insider Activity at Costco Wholesale

In related news, Director Kenneth D. Denman sold 885 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $957.45, for a total value of $847,343.25. Following the completion of the transaction, the director directly owned 4,779 shares of the company’s stock, valued at approximately $4,575,653.55. This trade represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Costco Wholesale

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Costco Wholesale by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 43,620,717 shares of the retailer’s stock worth $37,615,889,000 after buying an additional 165,349 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Costco Wholesale by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 10,388,519 shares of the retailer’s stock valued at $8,919,573,000 after acquiring an additional 26,690 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Costco Wholesale by 1.1% in the 4th quarter. Morgan Stanley now owns 9,523,423 shares of the retailer’s stock valued at $8,212,433,000 after acquiring an additional 107,775 shares during the last quarter. Bank of America Corp DE grew its position in Costco Wholesale by 11.5% in the first quarter. Bank of America Corp DE now owns 7,515,031 shares of the retailer’s stock worth $7,488,203,000 after acquiring an additional 773,651 shares in the last quarter. Finally, Diamant Asset Management Inc. grew its position in Costco Wholesale by 99,278.0% in the first quarter. Diamant Asset Management Inc. now owns 6,726,899 shares of the retailer’s stock worth $672,690,000 after acquiring an additional 6,720,130 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Key Stories Impacting Costco Wholesale

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

• Positive Sentiment: Costco reported June net sales of $29.24 billion, up 10.6% year over year, reinforcing that demand remains healthy and that the company is still growing despite a mixed backdrop. Article Title
• Positive Sentiment: The company also declared a quarterly cash dividend of $1.47 per share, which is another signal of confidence in cash generation and tends to support investor interest in COST. Article Title
• Positive Sentiment: Fox Business reported Costco expanded its digital wallet feature so members can link any Visa card for faster checkout, a small but potentially meaningful improvement to convenience and store traffic efficiency. Article Title
• Neutral Sentiment: Analysts remain constructive overall, with William Blair maintaining a Buy rating and pointing to resilient traffic and Costco’s defensive positioning. Article Title
• Neutral Sentiment: News about the Kansas City midtown store change and customer complaints could create local reputational noise, but the broader financial impact appears limited unless it escalates. Article Title
• Negative Sentiment: A lawsuit alleging heavy metals in Orgain protein powder sold at Costco may pressure sentiment because it introduces potential legal and product-quality concerns, even though the direct financial impact is still unclear. Article Title
• Negative Sentiment: Reports that Costco quietly discontinued a popular Kirkland item and a plant recall tied to disease risk may weigh on consumer sentiment, though these look more like isolated brand issues than major fundamental threats. Article Title

Costco Wholesale Company Profile

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.