Costco Wholesale (NASDAQ:COST) PT Raised to $400.00


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Costco Wholesale (NASDAQ:COST) had its price target increased by research analysts at Oppenheimer from $370.00 to $400.00 in a research report issued on Thursday, The Fly reports. The brokerage currently has an “outperform” rating on the retailer’s stock. Oppenheimer’s price objective indicates a potential upside of 11.48% from the stock’s current price.

Several other research firms also recently weighed in on COST. Citigroup lowered their target price on Costco Wholesale from $380.00 to $360.00 and set a “neutral” rating on the stock in a research report on Thursday, March 11th. Loop Capital lowered their target price on Costco Wholesale from $425.00 to $380.00 and set a “buy” rating on the stock in a research report on Friday, March 5th. They noted that the move was a valuation call. Stifel Nicolaus raised their price target on Costco Wholesale from $370.00 to $385.00 and gave the company a “buy” rating in a report on Thursday. BMO Capital Markets raised their price target on Costco Wholesale from $385.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, December 11th. Finally, Zacks Investment Research raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $372.00 price target on the stock in a report on Tuesday, February 2nd. Eight research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $382.42.

COST stock opened at $358.81 on Thursday. The company has a market cap of $158.79 billion, a P/E ratio of 36.84, a price-to-earnings-growth ratio of 4.17 and a beta of 0.66. Costco Wholesale has a 1 year low of $293.84 and a 1 year high of $393.15. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.98 and a quick ratio of 0.53. The stock’s fifty day moving average price is $338.71 and its 200-day moving average price is $360.45.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Wednesday, March 3rd. The retailer reported $2.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.45 by ($0.31). The firm had revenue of $44.77 billion during the quarter, compared to analysts’ expectations of $43.71 billion. Costco Wholesale had a return on equity of 24.50% and a net margin of 2.50%. The business’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the business earned $2.10 earnings per share. As a group, analysts expect that Costco Wholesale will post 9.95 earnings per share for the current year.

In other Costco Wholesale news, VP Paul G. Moulton sold 9,015 shares of the business’s stock in a transaction that occurred on Friday, January 8th. The stock was sold at an average price of $366.50, for a total transaction of $3,303,997.50. Following the completion of the transaction, the vice president now owns 23,049 shares in the company, valued at $8,447,458.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Roland Michael Vachris sold 4,300 shares of the business’s stock in a transaction that occurred on Monday, March 22nd. The shares were sold at an average price of $334.30, for a total value of $1,437,490.00. Following the transaction, the vice president now owns 15,602 shares of the company’s stock, valued at approximately $5,215,748.60. The disclosure for this sale can be found here. Insiders have sold 15,208 shares of company stock valued at $5,433,062 in the last 90 days. Company insiders own 0.22% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in COST. Brasada Capital Management LP boosted its holdings in shares of Costco Wholesale by 1.0% in the third quarter. Brasada Capital Management LP now owns 18,696 shares of the retailer’s stock valued at $6,637,000 after purchasing an additional 191 shares during the period. United Bank raised its stake in Costco Wholesale by 2.6% in the third quarter. United Bank now owns 4,819 shares of the retailer’s stock worth $1,711,000 after buying an additional 124 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Costco Wholesale by 3.2% in the third quarter. Great West Life Assurance Co. Can now owns 497,867 shares of the retailer’s stock worth $176,712,000 after buying an additional 15,262 shares in the last quarter. Eudaimonia Partners LLC raised its stake in Costco Wholesale by 394.7% in the third quarter. Eudaimonia Partners LLC now owns 7,168 shares of the retailer’s stock worth $235,000 after buying an additional 5,719 shares in the last quarter. Finally, Lombard Odier Asset Management Switzerland SA bought a new position in Costco Wholesale in the third quarter worth approximately $686,000. Hedge funds and other institutional investors own 67.21% of the company’s stock.

About Costco Wholesale

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.

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Analyst Recommendations for Costco Wholesale (NASDAQ:COST)

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Costco Wholesale (NASDAQ:COST) PT Raised to $400.00


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Costco Wholesale (NASDAQ:COST) had its target price lifted by equities research analysts at Wells Fargo & Company from $370.00 to $400.00 in a report released on Thursday, The Fly reports. The brokerage currently has an “overweight” rating on the retailer’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 11.48% from the company’s previous close.

A number of other analysts also recently commented on the stock. Royal Bank of Canada decreased their price objective on shares of Costco Wholesale from $435.00 to $399.00 and set an “outperform” rating on the stock in a report on Thursday, March 11th. Citigroup reduced their price target on shares of Costco Wholesale from $380.00 to $360.00 and set a “neutral” rating on the stock in a report on Thursday, March 11th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Costco Wholesale from $344.00 to $350.00 and gave the company a “buy” rating in a report on Thursday. They noted that the move was a valuation call. Loop Capital reduced their price target on shares of Costco Wholesale from $425.00 to $380.00 and set a “buy” rating on the stock in a report on Friday, March 5th. They noted that the move was a valuation call. Finally, Oppenheimer upped their price target on shares of Costco Wholesale from $350.00 to $370.00 and gave the company an “outperform” rating in a report on Wednesday, March 24th. Eight investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $382.42.

COST stock opened at $358.81 on Thursday. The company has a market cap of $158.79 billion, a P/E ratio of 36.84, a P/E/G ratio of 4.17 and a beta of 0.66. Costco Wholesale has a 52 week low of $293.84 and a 52 week high of $393.15. The company’s 50-day moving average price is $338.71 and its 200 day moving average price is $360.45. The company has a current ratio of 0.98, a quick ratio of 0.53 and a debt-to-equity ratio of 0.49.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Wednesday, March 3rd. The retailer reported $2.14 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.31). The company had revenue of $44.77 billion for the quarter, compared to analysts’ expectations of $43.71 billion. Costco Wholesale had a return on equity of 24.50% and a net margin of 2.50%. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.10 EPS. On average, equities research analysts expect that Costco Wholesale will post 9.95 earnings per share for the current year.

In related news, VP Paul G. Moulton sold 9,015 shares of the company’s stock in a transaction that occurred on Friday, January 8th. The shares were sold at an average price of $366.50, for a total transaction of $3,303,997.50. Following the completion of the transaction, the vice president now owns 23,049 shares of the company’s stock, valued at $8,447,458.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Roland Michael Vachris sold 4,300 shares of the company’s stock in a transaction that occurred on Monday, March 22nd. The stock was sold at an average price of $334.30, for a total transaction of $1,437,490.00. Following the transaction, the vice president now directly owns 15,602 shares of the company’s stock, valued at approximately $5,215,748.60. The disclosure for this sale can be found here. Insiders have sold 15,208 shares of company stock valued at $5,433,062 in the last ninety days. 0.22% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Costco Wholesale in the fourth quarter worth $1,784,019,000. Morgan Stanley increased its position in shares of Costco Wholesale by 40.3% in the fourth quarter. Morgan Stanley now owns 7,084,438 shares of the retailer’s stock worth $2,669,275,000 after acquiring an additional 2,034,871 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of Costco Wholesale by 10.3% in the fourth quarter. Nuveen Asset Management LLC now owns 4,212,988 shares of the retailer’s stock worth $1,587,370,000 after acquiring an additional 394,660 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Costco Wholesale by 1,411.9% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 416,145 shares of the retailer’s stock worth $156,795,000 after acquiring an additional 388,621 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Costco Wholesale by 8.1% in the fourth quarter. Alliancebernstein L.P. now owns 3,800,017 shares of the retailer’s stock worth $1,431,770,000 after acquiring an additional 283,963 shares in the last quarter. 67.21% of the stock is owned by hedge funds and other institutional investors.

About Costco Wholesale

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.

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Analyst Recommendations for Costco Wholesale (NASDAQ:COST)

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