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 boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 280 warehouses, primarily in markets such as Canada, Mexico, Japan, and the UK.
Employees: 333,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
122% more first-time investments, than exits
New positions opened: 191 | Existing positions closed: 86
12% more capital invested
Capital invested by funds: $270B [Q2] → $304B (+$33.7B) [Q3]
2% more funds holding
Funds holding: 3,447 [Q2] → 3,505 (+58) [Q3]
2% more repeat investments, than reductions
Existing positions increased: 1,448 | Existing positions reduced: 1,413
2.54% less ownership
Funds ownership: 71.63% [Q2] → 69.09% (-2.54%) [Q3]
7% less funds holding in top 10
Funds holding in top 10: 347 [Q2] → 322 (-25) [Q3]
22% less call options, than puts
Call options by funds: $7.98B | Put options by funds: $10.3B
Research analyst outlook
19 Wall Street Analysts provided 1 year price targets over the past 3 months
19 analyst ratings
Telsey Advisory Group Joseph Feldman 53% 1-year accuracy 87 / 164 met price target | 19%upside $1,100 | Outperform Maintained | 9 Jan 2025 |
Citigroup Paul Lejuez 69% 1-year accuracy 24 / 35 met price target | 14%upside $1,060 | Neutral Maintained | 18 Dec 2024 |
Wells Fargo Edward Kelly 58% 1-year accuracy 19 / 33 met price target | 8%upside $1,000 | Equal-Weight Maintained | 13 Dec 2024 |
DA Davidson Michael Baker 59% 1-year accuracy 24 / 41 met price target | 3%downside $900 | Neutral Maintained | 13 Dec 2024 |
TD Cowen Oliver Chen 42% 1-year accuracy 13 / 31 met price target | 18%upside $1,090 | Buy Maintained | 13 Dec 2024 |
Financial journalist opinion
Based on 73 articles about COST published over the past 30 days
