Costco Wholesale (NASDAQ:COST) had its price objective increased by stock analysts at Deutsche Bank from $274.00 to $286.00 in a research note issued on Thursday, Stock Target Advisor reports. The firm currently has a “hold” rating on the retailer’s stock. Deutsche Bank’s price target indicates a potential downside of 5.46% from the company’s current price.
COST has been the subject of several other reports. Oppenheimer downgraded Costco Wholesale from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $295.00 to $300.00 in a research note on Wednesday, September 11th. Edward Jones downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Telsey Advisory Group increased their price objective on Costco Wholesale from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. UBS Group increased their price objective on Costco Wholesale from $280.00 to $335.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Finally, Nomura increased their price objective on Costco Wholesale from $235.00 to $256.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $293.65.
Shares of NASDAQ COST traded down $2.68 during mid-day trading on Thursday, hitting $302.53. 54,649 shares of the company traded hands, compared to its average volume of 1,750,933. Costco Wholesale has a 1 year low of $189.51 and a 1 year high of $307.34. The stock has a market capitalization of $131.54 billion, a price-to-earnings ratio of 36.91, a PEG ratio of 4.09 and a beta of 0.93. The company has a quick ratio of 0.52, a current ratio of 1.01 and a debt-to-equity ratio of 0.33. The business has a 50 day moving average of $294.51 and a two-hundred day moving average of $273.52.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, October 3rd. The retailer reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.15. The firm had revenue of $47.50 billion during the quarter, compared to the consensus estimate of $47.71 billion. Costco Wholesale had a return on equity of 25.00% and a net margin of 2.40%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.36 EPS. As a group, research analysts anticipate that Costco Wholesale will post 8.61 EPS for the current year.
In other news, Director Susan L. Decker sold 1,008 shares of the stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $302.50, for a total transaction of $304,920.00. Following the transaction, the director now owns 40,462 shares of the company’s stock, valued at approximately $12,239,755. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Susan L. Decker sold 333 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $297.50, for a total value of $99,067.50. Following the transaction, the director now directly owns 41,470 shares in the company, valued at approximately $12,337,325. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,115 shares of company stock worth $8,407,148. Insiders own 0.21% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of COST. Krane Funds Advisors LLC bought a new stake in Costco Wholesale during the 2nd quarter valued at approximately $26,000. Massey Quick Simon & CO. LLC bought a new stake in Costco Wholesale during the 2nd quarter valued at approximately $27,000. Horan Capital Advisors LLC. bought a new stake in Costco Wholesale during the 3rd quarter valued at approximately $31,000. Cerebellum GP LLC bought a new stake in Costco Wholesale during the 3rd quarter valued at approximately $32,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in Costco Wholesale by 164.3% during the 3rd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 111 shares of the retailer’s stock valued at $32,000 after purchasing an additional 69 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.
Costco Wholesale Company Profile
Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.
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