CostcoCOST
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: 333,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
68% more first-time investments, than exits
New positions opened: 233 | Existing positions closed: 139
30% more funds holding in top 10
Funds holding in top 10: 263 [Q1] → 343 (+80) [Q2]
15% more capital invested
Capital invested by funds: $225B [Q1] → $259B (+$34B) [Q2]
3% more funds holding
Funds holding: 3,325 [Q1] → 3,419 (+94) [Q2]
2% more repeat investments, than reductions
Existing positions increased: 1,393 | Existing positions reduced: 1,367
0.83% less ownership
Funds ownership: 69.39% [Q1] → 68.56% (-0.83%) [Q2]
23% less call options, than puts
Call options by funds: $6.61B | Put options by funds: $8.59B
Research analyst outlook
34 Wall Street Analysts provided 1 year price targets over the past 3 months
34 analyst ratings
Telsey Advisory Group Joseph Feldman 60% 1-year accuracy 89 / 149 met price target | 12%upside $1,000 | Outperform Maintained | 10 Oct 2024 |
DA Davidson Michael Baker 60% 1-year accuracy 21 / 35 met price target | 1%downside $880 | Neutral Maintained | 10 Oct 2024 |
Oppenheimer Rupesh Parikh 72% 1-year accuracy 23 / 32 met price target | 10%upside $980 | Outperform Maintained | 10 Oct 2024 |
Evercore ISI Group Greg Melich 87% 1-year accuracy 40 / 46 met price target | 11%upside $990 | Outperform Maintained | 10 Oct 2024 |
Stifel Mark Astrachan 62% 1-year accuracy 18 / 29 met price target | 5%upside $935 | Buy Maintained | 10 Oct 2024 |
Financial journalist opinion
Based on 127 articles about COST published over the past 30 days