Costco Wholesale (NASDAQ:COST) Price Target Raised to $1,125.00

Costco Wholesale (NASDAQ:COSTFree Report) had its price target hoisted by Telsey Advisory Group from $1,100.00 to $1,125.00 in a research note issued to investors on Friday, MarketBeat reports. The brokerage currently has an outperform rating on the retailer’s stock.

Several other analysts also recently issued reports on the stock. Guggenheim reaffirmed a “neutral” rating on shares of Costco Wholesale in a report on Monday, December 22nd. Raymond James Financial dropped their price objective on shares of Costco Wholesale from $1,070.00 to $1,000.00 and set an “outperform” rating for the company in a research note on Friday, December 12th. Roth Mkm restated a “sell” rating on shares of Costco Wholesale in a research report on Wednesday, February 4th. Evercore set a $1,100.00 target price on Costco Wholesale in a research note on Monday, March 2nd. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $1,155.00 target price on shares of Costco Wholesale in a report on Monday, February 9th. Twenty-two investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,035.35.

View Our Latest Stock Analysis on COST

Costco Wholesale Trading Up 1.6%

NASDAQ:COST opened at $998.10 on Friday. The company has a market capitalization of $443.03 billion, a PE ratio of 51.90, a price-to-earnings-growth ratio of 4.76 and a beta of 1.00. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Costco Wholesale has a 52-week low of $844.06 and a 52-week high of $1,067.08. The stock has a fifty day simple moving average of $961.64 and a 200-day simple moving average of $935.32.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its quarterly earnings data on Thursday, March 5th. The retailer reported $4.58 EPS for the quarter, topping the consensus estimate of $4.55 by $0.03. Costco Wholesale had a net margin of 2.99% and a return on equity of 28.57%. The business had revenue of $69.60 billion for the quarter, compared to analyst estimates of $68.96 billion. During the same period in the previous year, the firm earned $4.02 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, equities research analysts expect that Costco Wholesale will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, January 30th. Costco Wholesale’s dividend payout ratio is presently 27.04%.

Insider Activity

In related news, EVP Russell D. Miller sold 1,500 shares of the stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $916.32, for a total transaction of $1,374,480.00. Following the transaction, the executive vice president directly owned 8,240 shares in the company, valued at approximately $7,550,476.80. This represents a 15.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Javier Polit sold 2,049 shares of the firm’s stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $867.21, for a total value of $1,776,913.29. Following the completion of the sale, the executive vice president directly owned 10,748 shares in the company, valued at approximately $9,320,773.08. The trade was a 16.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,915 shares of company stock valued at $6,317,097 in the last three months. Company insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Costco Wholesale

Institutional investors have recently bought and sold shares of the stock. Soundwatch Capital LLC boosted its holdings in shares of Costco Wholesale by 635.7% in the 2nd quarter. Soundwatch Capital LLC now owns 2,553 shares of the retailer’s stock valued at $25,000 after purchasing an additional 2,206 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Costco Wholesale during the 4th quarter worth $27,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Costco Wholesale during the 4th quarter worth $28,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Costco Wholesale in the 2nd quarter worth $31,000. Finally, Hurley Capital LLC raised its position in shares of Costco Wholesale by 120.0% in the 3rd quarter. Hurley Capital LLC now owns 33 shares of the retailer’s stock worth $31,000 after buying an additional 18 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

More Costco Wholesale News

Here are the key news stories impacting Costco Wholesale this week:

Costco Wholesale Company Profile

(Get Free Report)

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.

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Analyst Recommendations for Costco Wholesale (NASDAQ:COST)

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