Costco Wholesale (NASDAQ:COST) PT Lowered to $525.00

Costco Wholesale (NASDAQ:COSTGet Rating) had its price target lowered by Morgan Stanley from $560.00 to $525.00 in a research report issued to clients and investors on Friday, Stock Target Advisor reports. The firm presently has an “overweight” rating on the retailer’s stock. Morgan Stanley’s price target would indicate a potential upside of 10.76% from the company’s current price.

A number of other research analysts have also issued reports on COST. MKM Partners reduced their target price on shares of Costco Wholesale from $517.00 to $512.00 in a research note on Friday. DA Davidson upped their price target on Costco Wholesale from $440.00 to $455.00 in a research report on Friday. Raymond James lifted their price objective on Costco Wholesale from $560.00 to $600.00 and gave the company an “outperform” rating in a research report on Friday, August 5th. Citigroup upped their price objective on shares of Costco Wholesale from $510.00 to $545.00 in a report on Thursday, August 4th. Finally, Credit Suisse Group reduced their price objective on shares of Costco Wholesale from $570.00 to $550.00 and set a “neutral” rating for the company in a research note on Friday, May 27th. Four equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $571.92.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock traded down $13.18 during trading on Friday, reaching $473.99. The company’s stock had a trading volume of 102,895 shares, compared to its average volume of 1,850,531. Costco Wholesale has a fifty-two week low of $406.51 and a fifty-two week high of $612.27. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $529.73 and a two-hundred day moving average price of $519.85. The firm has a market cap of $209.96 billion, a PE ratio of 37.30, a P/E/G ratio of 3.72 and a beta of 0.70.

Costco Wholesale (NASDAQ:COSTGet Rating) last posted its quarterly earnings data on Thursday, September 22nd. The retailer reported $4.20 earnings per share for the quarter, beating analysts’ consensus estimates of $4.17 by $0.03. Costco Wholesale had a net margin of 2.60% and a return on equity of 29.71%. The business had revenue of $72.09 billion during the quarter, compared to analyst estimates of $72 billion. During the same quarter in the previous year, the business posted $3.90 earnings per share. The company’s revenue was up 17.3% on a year-over-year basis. On average, analysts forecast that Costco Wholesale will post 13.09 EPS for the current year.

Insider Activity at Costco Wholesale

In related news, VP James P. Murphy sold 1,500 shares of the stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $525.20, for a total value of $787,800.00. Following the sale, the vice president now owns 36,230 shares in the company, valued at $19,027,996. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Costco Wholesale news, Director Kenneth D. Denman sold 300 shares of the stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $521.68, for a total value of $156,504.00. Following the completion of the sale, the director now owns 5,197 shares in the company, valued at approximately $2,711,170.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP James P. Murphy sold 1,500 shares of the stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $525.20, for a total value of $787,800.00. Following the completion of the transaction, the vice president now owns 36,230 shares of the company’s stock, valued at approximately $19,027,996. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,800 shares of company stock worth $1,449,904. Corporate insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Coston McIsaac & Partners bought a new position in Costco Wholesale in the 2nd quarter worth $111,000. Inscription Capital LLC lifted its holdings in shares of Costco Wholesale by 21.6% in the 2nd quarter. Inscription Capital LLC now owns 428 shares of the retailer’s stock valued at $205,000 after acquiring an additional 76 shares during the last quarter. Fundamentun LLC increased its position in shares of Costco Wholesale by 0.9% during the 2nd quarter. Fundamentun LLC now owns 6,329 shares of the retailer’s stock valued at $3,034,000 after purchasing an additional 57 shares during the last quarter. Verition Fund Management LLC boosted its stake in shares of Costco Wholesale by 124.8% during the 2nd quarter. Verition Fund Management LLC now owns 1,385 shares of the retailer’s stock worth $664,000 after purchasing an additional 6,971 shares during the period. Finally, Columbia Asset Management bought a new position in shares of Costco Wholesale during the second quarter valued at approximately $1,991,000. Institutional investors own 66.83% of the company’s stock.

About Costco Wholesale

(Get Rating)

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.

Featured Articles

Stock Target Advisor logo

Analyst Recommendations for Costco Wholesale (NASDAQ:COST)

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.