Brokerages Set Costco Wholesale Co. (NASDAQ:COST) PT at $1,013.59

Shares of Costco Wholesale Co. (NASDAQ:COST) have earned an average rating of “Moderate Buy” from the twenty-seven analysts that are presently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and nineteen have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $1,013.59.

COST has been the subject of a number of research analyst reports. Evercore ISI lifted their target price on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Raymond James raised their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Jefferies Financial Group lifted their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Sanford C. Bernstein assumed coverage on Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 target price for the company. Finally, Loop Capital upped their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $947.73 on Friday. The business has a 50-day moving average price of $950.03 and a two-hundred day moving average price of $902.31. Costco Wholesale has a 1-year low of $675.96 and a 1-year high of $1,008.25. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a market cap of $420.70 billion, a P/E ratio of 55.65, a PEG ratio of 5.63 and a beta of 0.84.

Insider Activity

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company’s stock.

Institutional Trading of Costco Wholesale

A number of institutional investors have recently modified their holdings of COST. OLIO Financial Planning bought a new position in Costco Wholesale in the 4th quarter worth about $256,000. 1834 Investment Advisors Co. lifted its stake in Costco Wholesale by 2.7% in the 4th quarter. 1834 Investment Advisors Co. now owns 1,517 shares of the retailer’s stock worth $1,390,000 after purchasing an additional 40 shares in the last quarter. M3 Advisory Group LLC grew its position in shares of Costco Wholesale by 1.7% during the 4th quarter. M3 Advisory Group LLC now owns 994 shares of the retailer’s stock valued at $911,000 after purchasing an additional 17 shares in the last quarter. Clarendon Private LLC bought a new position in shares of Costco Wholesale in the fourth quarter worth $798,000. Finally, Crescent Grove Advisors LLC raised its position in shares of Costco Wholesale by 8.5% in the fourth quarter. Crescent Grove Advisors LLC now owns 972 shares of the retailer’s stock worth $891,000 after buying an additional 76 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Company Profile

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.