Costco Wholesale (NASDAQ:COST) Price Target Raised to $1,090.00 at TD Cowen

Costco Wholesale (NASDAQ:COST) had its price objective raised by stock analysts at TD Cowen from $975.00 to $1,090.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the retailer’s stock. TD Cowen’s target price points to a potential upside of 10.17% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. Roth Mkm upped their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday. StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Morgan Stanley raised their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday. DA Davidson reaffirmed a “neutral” rating and issued a $880.00 target price on shares of Costco Wholesale in a report on Thursday, October 10th. Finally, Stifel Nicolaus increased their target price on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus target price of $988.46.

Costco Wholesale Stock Up 0.1 %

NASDAQ COST opened at $989.35 on Friday. The business has a fifty day moving average price of $926.84 and a two-hundred day moving average price of $885.20. The stock has a market capitalization of $438.36 billion, a PE ratio of 58.09, a PEG ratio of 6.05 and a beta of 0.82. Costco Wholesale has a fifty-two week low of $630.30 and a fifty-two week high of $1,007.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data 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 business had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. Costco Wholesale’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $4.86 earnings per share. Equities analysts expect that Costco Wholesale will post 17.77 earnings per share for the current fiscal year.

Insider Activity at Costco Wholesale

In other news, EVP Russell D. Miller sold 4,400 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the transaction, the executive vice president now directly owns 10,202 shares of the company’s stock, valued at $9,091,512.30. This represents a 30.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the completion of the sale, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at approximately $9,155,409.10. The trade was a 16.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,016 shares of company stock worth $9,826,115 in the last quarter. Company insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Legacy Wealth Management LLC MS raised its holdings in shares of Costco Wholesale by 2.7% in the 3rd quarter. Legacy Wealth Management LLC MS now owns 4,033 shares of the retailer’s stock worth $3,575,000 after acquiring an additional 106 shares during the last quarter. DGS Capital Management LLC increased its holdings in Costco Wholesale by 12.8% during the 3rd quarter. DGS Capital Management LLC now owns 756 shares of the retailer’s stock worth $671,000 after purchasing an additional 86 shares in the last quarter. FFG Partners LLC raised its stake in shares of Costco Wholesale by 0.5% in the third quarter. FFG Partners LLC now owns 23,814 shares of the retailer’s stock worth $21,112,000 after purchasing an additional 129 shares during the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of Costco Wholesale in the third quarter valued at approximately $9,539,000. Finally, Garde Capital Inc. boosted its position in shares of Costco Wholesale by 4.3% during the third quarter. Garde Capital Inc. now owns 3,954 shares of the retailer’s stock valued at $3,506,000 after buying an additional 162 shares during the last quarter. 68.48% of the stock is 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.