Costco Wholesale (NASDAQ:COST) Given New $907.00 Price Target at Roth Mkm

Costco Wholesale (NASDAQ:COST) had its target price hoisted by Roth Mkm from $755.00 to $907.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the retailer’s stock.

Other equities analysts have also issued reports about the company. Barclays increased their price objective on Costco Wholesale from $830.00 to $850.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. DA Davidson restated a “neutral” rating and issued a $880.00 price objective on shares of Costco Wholesale in a report on Thursday, October 10th. Melius Research initiated coverage on shares of Costco Wholesale in a research report on Monday, September 23rd. They set a “hold” rating and a $950.00 price target for the company. The Goldman Sachs Group lifted their price objective on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, Evercore ISI lifted their target price on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research note on Thursday. Ten research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $988.46.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $989.35 on Friday. Costco Wholesale has a twelve month low of $630.30 and a twelve month high of $1,007.80. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $438.35 billion, a P/E ratio of 58.09, a P/E/G ratio of 6.02 and a beta of 0.82. The stock’s 50-day simple moving average is $926.84 and its two-hundred day simple moving average is $885.75.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. Costco Wholesale had a net margin of 2.93% and a return on equity of 33.19%. The firm had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. During the same quarter in the prior year, the firm earned $4.86 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities analysts anticipate that Costco Wholesale will post 17.83 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Friday, November 1st. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Insider Activity at Costco Wholesale

In other news, EVP Russell D. Miller sold 4,400 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $891.15, for a total value of $3,921,060.00. Following the transaction, the executive vice president now directly owns 10,202 shares in the company, valued at $9,091,512.30. This trade represents a 30.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Claudine Adamo sold 3,200 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $888.99, for a total value of $2,844,768.00. Following the completion of the transaction, the executive vice president now directly owns 8,630 shares in the company, valued at approximately $7,671,983.70. This represents a 27.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,016 shares of company stock valued at $9,826,115 over the last ninety days. Insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Costco Wholesale

A number of hedge funds have recently modified their holdings of the business. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale in the third quarter worth about $29,000. Financial Connections Group Inc. lifted its holdings in Costco Wholesale by 557.1% during the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after purchasing an additional 39 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of Costco Wholesale in the second quarter worth approximately $50,000. Fairway Wealth LLC increased its stake in shares of Costco Wholesale by 230.0% in the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after purchasing an additional 46 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter valued at $58,000. Institutional investors own 68.48% of the company’s stock.

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.