Costco Wholesale (NASDAQ:COST) PT Raised to $980.00 at Oppenheimer

Costco Wholesale (NASDAQ:COST) had its price objective lifted by equities research analysts at Oppenheimer from $955.00 to $980.00 in a report issued on Thursday, Briefing.com reports. The firm presently has an “outperform” rating on the retailer’s stock. Oppenheimer’s price objective would indicate a potential upside of 7.80% from the company’s previous close.

A number of other brokerages have also recently commented on COST. StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Barclays lifted their price objective on Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a research report on Friday, September 27th. Loop Capital upped their target price on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the company a “buy” rating in a report on Friday, September 27th. Robert W. Baird lifted their price target on shares of Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a report on Thursday, July 11th. Finally, Redburn Atlantic downgraded shares of Costco Wholesale from a “buy” rating to a “neutral” rating and upped their price objective for the company from $860.00 to $890.00 in a research note on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $886.74.

Costco Wholesale Stock Up 2.1 %

Costco Wholesale stock opened at $909.10 on Thursday. The firm has a market capitalization of $403.04 billion, a price-to-earnings ratio of 56.33, a price-to-earnings-growth ratio of 5.34 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. Costco Wholesale has a fifty-two week low of $540.23 and a fifty-two week high of $923.83. The stock’s fifty day moving average is $879.92 and its two-hundred day moving average is $825.10.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, beating the consensus estimate of $5.05 by $0.10. The firm had revenue of $79.70 billion during the quarter, compared to the consensus estimate of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $4.86 EPS. Analysts predict that Costco Wholesale will post 17.73 EPS for the current fiscal year.

Insider Buying and Selling at Costco Wholesale

In other news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the sale, the insider now owns 12,492 shares of the company’s stock, valued at $10,545,746.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the transaction, the insider now directly owns 12,492 shares of the company’s stock, valued at approximately $10,545,746.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kenneth D. Denman sold 350 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the transaction, the director now owns 5,920 shares in the company, valued at approximately $5,041,057.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,174 shares of company stock valued at $7,097,624 over the last three months. 0.18% of the stock is owned by company insiders.

Institutional Trading of Costco Wholesale

Several hedge funds have recently bought and sold shares of the company. Strong Tower Advisory Services lifted its position in Costco Wholesale by 7.9% in the first quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock worth $1,346,000 after purchasing an additional 137 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in Costco Wholesale by 62.8% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after buying an additional 932 shares in the last quarter. J.W. Cole Advisors Inc. raised its stake in Costco Wholesale by 52.1% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 7,645 shares of the retailer’s stock valued at $6,499,000 after purchasing an additional 2,620 shares during the period. Main Street Financial Solutions LLC lifted its stake in Costco Wholesale by 22.8% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,533 shares of the retailer’s stock worth $3,003,000 after acquiring an additional 656 shares in the last quarter. Finally, Parcion Private Wealth LLC boosted its holdings in shares of Costco Wholesale by 30.8% during the second quarter. Parcion Private Wealth LLC now owns 5,596 shares of the retailer’s stock worth $4,757,000 after purchasing an additional 1,319 shares during the period. 68.48% of the stock is currently owned by 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.