Costco Wholesale (NASDAQ:COST) had its price objective upped by research analysts at Telsey Advisory Group from $375.00 to $390.00 in a report issued on Monday, Price Targets.com reports. The firm currently has an “outperform” rating on the retailer’s stock. Telsey Advisory Group’s price objective would indicate a potential upside of 3.92% from the stock’s previous close.
A number of other equities analysts have also weighed in on COST. Royal Bank of Canada dropped their price objective on Costco Wholesale from $435.00 to $399.00 and set an “outperform” rating for the company in a research note on Thursday, March 11th. The Goldman Sachs Group upped their price objective on Costco Wholesale from $377.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, April 14th. Jefferies Financial Group dropped their price objective on Costco Wholesale from $435.00 to $405.00 and set a “buy” rating for the company in a research note on Thursday, March 11th. Robert W. Baird decreased their target price on Costco Wholesale from $410.00 to $395.00 and set an “outperform” rating on the stock in a research report on Thursday, March 11th. Finally, Stifel Nicolaus boosted their target price on Costco Wholesale from $370.00 to $385.00 and gave the stock a “buy” rating in a research report on Wednesday, April 14th. Seven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Costco Wholesale presently has an average rating of “Buy” and a consensus target price of $387.42.
NASDAQ:COST opened at $375.29 on Monday. The stock has a 50-day simple moving average of $357.57 and a two-hundred day simple moving average of $361.95. Costco Wholesale has a 52-week low of $293.84 and a 52-week high of $393.15. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.53 and a current ratio of 0.98. The firm has a market capitalization of $166.08 billion, a PE ratio of 38.53, a P/E/G ratio of 4.17 and a beta of 0.66.
Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Wednesday, March 3rd. The retailer reported $2.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.45 by ($0.31). Costco Wholesale had a net margin of 2.50% and a return on equity of 24.50%. The company had revenue of $44.77 billion for the quarter, compared to the consensus estimate of $43.71 billion. During the same period in the prior year, the firm posted $2.10 EPS. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. Equities analysts forecast that Costco Wholesale will post 9.95 earnings per share for the current fiscal year.
In related news, VP Roland Michael Vachris sold 4,300 shares of the stock in a transaction that occurred on Monday, March 22nd. The stock was sold at an average price of $334.30, for a total value of $1,437,490.00. Following the transaction, the vice president now owns 15,602 shares of the company’s stock, valued at $5,215,748.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Richard A. Galanti sold 2,230 shares of the stock in a transaction that occurred on Thursday, April 29th. The stock was sold at an average price of $372.06, for a total value of $829,693.80. Following the completion of the transaction, the chief financial officer now directly owns 22,871 shares in the company, valued at approximately $8,509,384.26. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.
A number of large investors have recently made changes to their positions in COST. St. Johns Investment Management Company LLC bought a new position in Costco Wholesale in the first quarter worth approximately $27,000. Cordasco Financial Network bought a new stake in Costco Wholesale during the 1st quarter valued at $30,000. Charter Oak Capital Management LLC bought a new stake in Costco Wholesale during the 4th quarter valued at $32,000. Bellwether Advisors LLC bought a new stake in Costco Wholesale during the 4th quarter valued at $37,000. Finally, DB Wealth Management Group LLC bought a new stake in Costco Wholesale during the 4th quarter valued at $38,000. 67.21% of the stock is currently owned by 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, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.
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