Costco Wholesale (NASDAQ:COST) Earns Outperform Rating from Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Costco Wholesale (NASDAQ:COSTFree Report) in a research report sent to investors on Monday, Benzinga reports. The firm currently has a $900.00 price target on the retailer’s stock.

Several other equities research analysts also recently weighed in on the stock. StockNews.com raised shares of Costco Wholesale from a hold rating to a buy rating in a research report on Sunday, June 2nd. Oppenheimer raised their target price on shares of Costco Wholesale from $850.00 to $905.00 and gave the stock an outperform rating in a report on Thursday, June 6th. Citigroup raised their target price on shares of Costco Wholesale from $710.00 to $800.00 and gave the stock a neutral rating in a report on Friday, May 31st. DA Davidson reiterated a neutral rating and set a $680.00 price target on shares of Costco Wholesale in a research note on Thursday, April 11th. Finally, Tigress Financial lifted their price target on shares of Costco Wholesale from $870.00 to $975.00 and gave the stock a buy rating in a research note on Tuesday, June 25th. Seven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $766.73.

Check Out Our Latest Stock Analysis on Costco Wholesale

Costco Wholesale Price Performance

COST stock opened at $884.31 on Monday. Costco Wholesale has a 1 year low of $526.15 and a 1 year high of $896.67. The company has a market cap of $392.04 billion, a P/E ratio of 54.79, a PEG ratio of 5.82 and a beta of 0.78. The firm has a 50-day moving average of $825.62 and a 200 day moving average of $751.69. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its quarterly earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.08. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The company had revenue of $58.52 billion during the quarter, compared to the consensus estimate of $58.16 billion. During the same period in the prior year, the firm earned $3.43 earnings per share. Costco Wholesale’s revenue was up 9.1% on a year-over-year basis. On average, sell-side analysts forecast that Costco Wholesale will post 15.98 EPS for the current year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 26th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.52%. Costco Wholesale’s dividend payout ratio is currently 28.75%.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total value of $567,445.10. Following the transaction, the executive vice president now directly owns 10,000 shares in the company, valued at approximately $7,228,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Costco Wholesale

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bedel Financial Consulting Inc. lifted its position in Costco Wholesale by 1.3% during the first quarter. Bedel Financial Consulting Inc. now owns 995 shares of the retailer’s stock valued at $729,000 after acquiring an additional 13 shares during the last quarter. Boltwood Capital Management lifted its position in Costco Wholesale by 1.7% during the second quarter. Boltwood Capital Management now owns 790 shares of the retailer’s stock valued at $671,000 after acquiring an additional 13 shares during the last quarter. LifePro Asset Management lifted its position in Costco Wholesale by 3.8% during the second quarter. LifePro Asset Management now owns 358 shares of the retailer’s stock valued at $304,000 after acquiring an additional 13 shares during the last quarter. Arlington Capital Management Inc. lifted its position in Costco Wholesale by 1.1% during the first quarter. Arlington Capital Management Inc. now owns 1,295 shares of the retailer’s stock valued at $949,000 after acquiring an additional 14 shares during the last quarter. Finally, Enterprise Financial Services Corp lifted its position in Costco Wholesale by 1.6% during the fourth quarter. Enterprise Financial Services Corp now owns 892 shares of the retailer’s stock valued at $589,000 after acquiring an additional 14 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

About Costco Wholesale

(Get Free Report)

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.

See Also

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.