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 its frugal cost structure, the firm is able to price its merchandise below that of competing retailers, driving high sales volume per warehouse and generating strong profits on thin margins. Costco operates over 600 warehouses in the United States and has over 60% share in the domestic warehouse club industry. Internationally, Costco operates about 280 warehouses, primarily in Canada, Mexico, Japan, and the UK.
Employees: 333,000
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
64% more first-time investments, than exits
New positions opened: 195 | Existing positions closed: 119
4% more funds holding in top 10
Funds holding in top 10: 335 [Q4 2024] → 350 (+15) [Q1 2025]
0% less funds holding
Funds holding: 3,863 [Q4 2024] → 3,846 (-17) [Q1 2025]
1% less capital invested
Capital invested by funds: $285B [Q4 2024] → $281B (-$3.71B) [Q1 2025]
5% less repeat investments, than reductions
Existing positions increased: 1,564 | Existing positions reduced: 1,648
1.53% less ownership
Funds ownership: 68.54% [Q4 2024] → 67.02% (-1.53%) [Q1 2025]
25% less call options, than puts
Call options by funds: $7.27B | Put options by funds: $9.66B
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Telsey Advisory Group Joseph Feldman | 11%upside $1,100 | Outperform Maintained | 5 Jun 2025 |
Morgan Stanley Simeon Gutman | 24%upside $1,225 | Overweight Maintained | 30 May 2025 |
Loop Capital Laura Champine | 12%upside $1,110 | Buy Maintained | 30 May 2025 |
Evercore ISI Group Greg Melich | 9%upside $1,075 | Outperform Maintained | 30 May 2025 |
Truist Securities Scot Ciccarelli | 5%upside $1,042 | Hold Maintained | 30 May 2025 |
Financial journalist opinion
Based on 91 articles about COST published over the past 30 days









