Costco Wholesale (NASDAQ:COST) had its price objective hoisted by research analysts at Telsey Advisory Group from $470.00 to $480.00 in a research report issued to clients and investors on Friday, Analyst Ratings Network reports. The firm presently has an “outperform” rating on the retailer’s stock. Telsey Advisory Group’s target price indicates a potential upside of 2.62% from the stock’s current price.
Several other analysts have also recently commented on COST. DA Davidson increased their price target on shares of Costco Wholesale from $350.00 to $390.00 and gave the company a “neutral” rating in a research note on Thursday, August 5th. Raymond James increased their price target on shares of Costco Wholesale from $460.00 to $490.00 and gave the company an “outperform” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Costco Wholesale from $399.00 to $424.00 and gave the company a “hold” rating in a research note on Friday. Zacks Investment Research raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $490.00 price objective on the stock in a research note on Monday, September 6th. Finally, raised their price objective on shares of Costco Wholesale from $380.00 to $400.00 and gave the company a “neutral” rating in a research note on Wednesday, June 2nd. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $447.14.
NASDAQ COST opened at $467.75 on Friday. The firm has a market cap of $206.78 billion, a price-to-earnings ratio of 43.96, a PEG ratio of 4.35 and a beta of 0.66. The company has a 50 day moving average of $446.49 and a 200-day moving average of $399.55. The company has a current ratio of 1.00, a quick ratio of 0.50 and a debt-to-equity ratio of 0.44. Costco Wholesale has a 1-year low of $307.00 and a 1-year high of $469.77.
In related news, VP Timothy L. Rose sold 4,000 shares of the stock in a transaction on Monday, June 28th. The shares were sold at an average price of $396.14, for a total transaction of $1,584,560.00. Following the transaction, the vice president now directly owns 26,625 shares of the company’s stock, valued at $10,547,227.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Joseph P. Portera sold 3,287 shares of the company’s stock in a transaction on Friday, August 13th. The stock was sold at an average price of $445.50, for a total transaction of $1,464,358.50. The disclosure for this sale can be found here. Insiders sold a total of 11,287 shares of company stock valued at $4,686,519 over the last 90 days. Corporate insiders own 0.22% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in COST. Vanguard Group Inc. increased its stake in shares of Costco Wholesale by 0.4% in the second quarter. Vanguard Group Inc. now owns 37,004,912 shares of the retailer’s stock worth $14,641,734,000 after buying an additional 152,221 shares during the period. BlackRock Inc. boosted its stake in Costco Wholesale by 0.8% in the 2nd quarter. BlackRock Inc. now owns 29,955,779 shares of the retailer’s stock worth $11,852,604,000 after purchasing an additional 229,495 shares in the last quarter. State Street Corp boosted its stake in Costco Wholesale by 0.7% in the 2nd quarter. State Street Corp now owns 16,750,366 shares of the retailer’s stock worth $6,627,617,000 after purchasing an additional 108,923 shares in the last quarter. FMR LLC boosted its stake in Costco Wholesale by 0.8% in the 2nd quarter. FMR LLC now owns 11,285,158 shares of the retailer’s stock worth $4,465,199,000 after purchasing an additional 94,093 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Costco Wholesale by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 6,953,465 shares of the retailer’s stock worth $2,742,703,000 after purchasing an additional 152,145 shares in the last quarter. 66.96% of the stock is currently owned by institutional investors and hedge funds.
About Costco Wholesale
Costco Wholesale Corp. engages in the operation of membership warehouses. Its product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations. The company was founded by James D.
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