COST stock icon

Costco
COST

$848.31
1.41%
 

About: 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.

Employees: 316,000

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 50 analysts
0
News positive %
of 125 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

24% more first-time investments, than exits

New positions opened: 212 | Existing positions closed: 171

9% more capital invested

Capital invested by funds: $200B [Q4 2023] → $218B (+$17.3B) [Q1 2024]

1% more funds holding

Funds holding: 3,238 [Q4 2023] → 3,279 (+41) [Q1 2024]

6% more repeat investments, than reductions

Existing positions increased: 1,374 | Existing positions reduced: 1,298

1.08% less ownership

Funds ownership: 68.33% [Q4 2023] → 67.25% (-1.08%) [Q1 2024]

6% less funds holding in top 10

Funds holding in top 10: 277 [Q4 2023] → 259 (-18) [Q1 2024]

20% less call options, than puts

Call options by funds: $7.14B | Put options by funds: $8.89B

Research analyst outlook

50 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$650
23%
downside
Avg. target
$799
6%
downside
High target
$940
11%
upside

50 analyst ratings

39 positive
78%
11 neutral
22%
negative
0%
Evercore ISI Group
Greg Melich
5%upside
$890
Outperform
Maintained
20 Jun 2024
Loop Capital
Laura Champine
11%upside
$940
Buy
Maintained
14 Jun 2024
Oppenheimer
Rupesh Parikh
7%upside
$905
Outperform
Maintained
6 Jun 2024
Telsey Advisory Group
Joseph Feldman
6%upside
$900
Outperform
Maintained
6 Jun 2024
Loop Capital
Laura Champine
5%upside
$890
Buy
Maintained
3 Jun 2024

Financial journalist opinion

Based on 125 articles about COST published over the past 30 days