Costco Wholesale (NASDAQ:COST) PT Raised to $830.00

Costco Wholesale (NASDAQ:COST) had its price objective raised by research analysts at Barclays from $765.00 to $830.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the retailer’s stock. Barclays‘s target price would suggest a potential downside of 1.53% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $900.00 price objective on shares of Costco Wholesale in a report on Monday, July 8th. DA Davidson reissued a “neutral” rating and set a $680.00 price target on shares of Costco Wholesale in a research report on Thursday, April 11th. Stifel Nicolaus upped their target price on shares of Costco Wholesale from $900.00 to $950.00 and gave the stock a “buy” rating in a research note on Thursday. Gordon Haskett lowered shares of Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 target price on the stock. in a research note on Wednesday, April 3rd. Finally, Tigress Financial upped their target price on shares of Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Seven equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $799.33.

Costco Wholesale Trading Down 0.4 %

Shares of COST opened at $842.90 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. Costco Wholesale has a 12-month low of $530.56 and a 12-month high of $896.67. The firm has a 50-day moving average price of $829.88 and a 200 day moving average price of $753.54. The firm has a market capitalization of $373.69 billion, a P/E ratio of 52.22, a P/E/G ratio of 5.85 and a beta of 0.78.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.08. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The firm had revenue of $58.52 billion during the quarter, compared to analyst estimates of $58.16 billion. During the same quarter in the prior year, the firm posted $3.43 earnings per share. Costco Wholesale’s quarterly revenue was up 9.1% on a year-over-year basis. Sell-side analysts forecast that Costco Wholesale will post 15.98 EPS for the current year.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total value of $567,445.10. Following the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $7,228,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Costco Wholesale

Several large investors have recently added to or reduced their stakes in COST. Richelieu Gestion SA acquired a new stake in Costco Wholesale in the fourth quarter worth $25,000. Frank Rimerman Advisors LLC acquired a new position in shares of Costco Wholesale during the fourth quarter valued at $26,000. Morton Brown Family Wealth LLC increased its holdings in shares of Costco Wholesale by 200.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock valued at $30,000 after purchasing an additional 30 shares during the period. Wetzel Investment Advisors Inc. acquired a new position in shares of Costco Wholesale during the fourth quarter valued at $30,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Costco Wholesale during the first quarter valued at $32,000. 68.48% of the stock is owned by institutional investors and hedge funds.

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.