Deutsche Bank Aktiengesellschaft Increases Costco Wholesale (NASDAQ:COST) Price Target to $424.00

Costco Wholesale (NASDAQ:COST) had its price target hoisted by investment analysts at Deutsche Bank Aktiengesellschaft from $399.00 to $424.00 in a research note issued on Friday, The Fly reports. The firm presently has a “hold” rating on the retailer’s stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential downside of 9.35% from the company’s current price.

Several other brokerages have also recently issued reports on COST. upped their target price on shares of Costco Wholesale from $380.00 to $400.00 and gave the company a “neutral” rating in a report on Wednesday, June 2nd. Oppenheimer restated a “buy” rating and issued a $500.00 target price on shares of Costco Wholesale in a report on Friday, September 17th. Barclays upped their target price on shares of Costco Wholesale from $400.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, May 28th. They noted that the move was a valuation call. Jefferies Financial Group upped their target price on shares of Costco Wholesale from $500.00 to $525.00 and gave the company a “buy” rating in a report on Thursday, September 2nd. Finally, MKM Partners upped their target price on shares of Costco Wholesale from $336.00 to $385.00 and gave the company a “neutral” rating in a report on Friday, July 9th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $447.14.

NASDAQ COST opened at $467.75 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.00 and a debt-to-equity ratio of 0.44. Costco Wholesale has a 52 week low of $307.00 and a 52 week high of $469.77. The stock has a market capitalization of $206.78 billion, a PE ratio of 43.96, a price-to-earnings-growth ratio of 4.35 and a beta of 0.66. The firm has a 50 day moving average of $446.49 and a two-hundred day moving average of $399.55.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Wednesday, September 22nd. The retailer reported $3.90 EPS for the quarter, topping the consensus estimate of $3.57 by $0.33. Costco Wholesale had a net margin of 2.53% and a return on equity of 27.30%. The company had revenue of $61.44 billion during the quarter, compared to analysts’ expectations of $61.45 billion. During the same quarter in the previous year, the business posted $3.13 EPS. The firm’s revenue was up 17.5% on a year-over-year basis. On average, equities research analysts expect that Costco Wholesale will post 10.64 earnings per share for the current fiscal year.

In other news, VP Joseph P. Portera sold 3,287 shares of the stock in a transaction dated Friday, August 13th. The shares were sold at an average price of $445.50, for a total value of $1,464,358.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Roland Michael Vachris sold 4,000 shares of the stock in a transaction dated Monday, July 12th. The shares were sold at an average price of $409.40, for a total transaction of $1,637,600.00. Following the completion of the transaction, the vice president now owns 11,602 shares of the company’s stock, valued at approximately $4,749,858.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,287 shares of company stock valued at $4,686,519. 0.22% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in COST. Vanguard Group Inc. increased its holdings in Costco Wholesale by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 37,004,912 shares of the retailer’s stock valued at $14,641,734,000 after acquiring an additional 152,221 shares in the last quarter. BlackRock Inc. increased its holdings in Costco Wholesale by 0.8% during the 2nd quarter. BlackRock Inc. now owns 29,955,779 shares of the retailer’s stock valued at $11,852,604,000 after acquiring an additional 229,495 shares in the last quarter. State Street Corp increased its holdings in Costco Wholesale by 0.7% during the 2nd quarter. State Street Corp now owns 16,750,366 shares of the retailer’s stock valued at $6,627,617,000 after acquiring an additional 108,923 shares in the last quarter. FMR LLC increased its holdings in Costco Wholesale by 0.8% during the 2nd quarter. FMR LLC now owns 11,285,158 shares of the retailer’s stock valued at $4,465,199,000 after acquiring an additional 94,093 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Costco Wholesale by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 6,953,465 shares of the retailer’s stock valued at $2,742,703,000 after acquiring an additional 152,145 shares in the last quarter. Institutional investors and hedge funds own 66.96% of the company’s stock.

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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