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Costco Wholesale (NASDAQ:COST – Get Free Report)‘s stock had its “outperform” rating restated by investment analysts at Telsey Advisory Group in a note issued to investors on Thursday,Benzinga reports. They presently have a $1,100.00 price objective on the retailer’s stock. Telsey Advisory Group’s price objective suggests a potential upside of 14.18% from the stock’s previous close.
A number of other research firms have also commented on COST. Raymond James upped their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. DA Davidson upped their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Sanford C. Bernstein reissued an “outperform” rating on shares of Costco Wholesale in a research note on Friday, March 7th. TD Cowen upped their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus dropped their price objective on Costco Wholesale from $1,075.00 to $1,035.00 and set a “buy” rating for the company in a report on Thursday, March 20th. Ten analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,024.03.
Get Our Latest Report on Costco Wholesale
Costco Wholesale Stock Down 0.1 %
Shares of NASDAQ:COST opened at $963.41 on Thursday. The stock has a market capitalization of $427.45 billion, a P/E ratio of 56.57, a price-to-earnings-growth ratio of 6.15 and a beta of 0.95. The stock’s 50-day moving average price is $982.89 and its 200-day moving average price is $949.47. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale has a 12-month low of $702.00 and a 12-month high of $1,078.24.
Costco Wholesale (NASDAQ:COST – Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.09 by ($0.07). Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The company had revenue of $63.72 billion for the quarter, compared to the consensus estimate of $63.02 billion. On average, equities analysts anticipate that Costco Wholesale will post 18.03 earnings per share for the current year.
Insider Transactions at Costco Wholesale
In other news, EVP Gary Millerchip sold 1,100 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $940.01, for a total transaction of $1,034,011.00. Following the sale, the executive vice president now owns 11,165 shares in the company, valued at $10,495,211.65. This represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Claudine Adamo sold 900 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $922.56, for a total transaction of $830,304.00. Following the completion of the transaction, the executive vice president now owns 6,987 shares of the company’s stock, valued at approximately $6,445,926.72. The trade was a 11.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,600 shares of company stock valued at $5,215,915. Insiders own 0.18% of the company’s stock.
Institutional Investors Weigh In On Costco Wholesale
Institutional investors have recently modified their holdings of the business. Investment Management Corp VA ADV purchased a new stake in shares of Costco Wholesale during the 4th quarter valued at about $25,000. Synergy Investment Management LLC purchased a new stake in Costco Wholesale in the fourth quarter worth approximately $31,000. NewSquare Capital LLC grew its position in Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after purchasing an additional 25 shares during the period. Endeavor Private Wealth Inc. bought a new stake in Costco Wholesale in the 4th quarter worth approximately $33,000. Finally, Collier Financial purchased a new stake in Costco Wholesale during the 4th quarter valued at $35,000. 68.48% of the stock is owned by hedge funds and other institutional investors.
About Costco Wholesale
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.
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