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Gary Millerchip, Executive Vice President at Costco Wholesale Corp (NASDAQ:COST), recently sold 1,100 shares of the company’s common stock. The shares were sold at an average price of $940.006, resulting in a total transaction value of approximately $1,034,006. The transaction occurred as Costco trades at a P/E ratio of 54.85, significantly above industry averages, with InvestingPro analysis indicating the stock is currently overvalued. Following this sale, Millerchip retains ownership of 11,164.693 shares directly. This transaction was disclosed in a filing with the Securities and Exchange Commission. The sale comes as Costco maintains a strong market position with a $418 billion market cap and a "GOOD" financial health rating, despite trading at premium valuations across multiple metrics. For deeper insights into Costco’s valuation and 14 additional ProTips, visit InvestingPro.
In other recent news, Costco Wholesale has been at the center of several noteworthy developments. Bernstein analysts raised their price target for Costco to $1,177, citing the company’s strong revenue growth in its second quarter of 2025, though noting a slight miss on profit margins and membership fee income. This adjustment reflects optimism about Costco’s long-term prospects and its ability to attract consumers, as evidenced by its impressive comp sales growth. Meanwhile, DA Davidson maintained a Neutral rating on Costco, keeping the price target at $1,000, and highlighted the company’s ongoing expansion efforts in the warehouse club segment. The firm noted Costco’s strategic growth in the retail market, especially in the grocery sector.
In contrast, Citi analyst Paul Lejeuz lowered his price target for Costco to $927 from $1,060 while maintaining a Neutral rating. Despite expressing confidence in Costco’s market share gains, the adjustment aligns with lower comparative valuations. Additionally, Costco is pushing for price reductions from Chinese suppliers in response to increased U.S. tariffs, a move that could attract attention from Beijing amid escalating trade tensions. This situation underscores the challenges Costco faces due to tariffs impacting its merchandise costs. Furthermore, Costco recently opened its 900th club in Sharon, Massachusetts, marking its first new location in the state in 23 years, signaling continued regional expansion.
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