Costco Wholesale (NASDAQ:COST) PT Raised to $710.00

Costco Wholesale (NASDAQ:COST) had its target price upped by research analysts at Citigroup from $630.00 to $710.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the retailer’s stock. Citigroup’s target price would suggest a potential downside of 1.92% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Loop Capital dropped their price objective on Costco Wholesale from $830.00 to $820.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Wells Fargo & Company upped their price objective on Costco Wholesale from $610.00 to $675.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 8th. Gordon Haskett cut Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price objective on the stock. in a research note on Wednesday, April 3rd. Roth Mkm upped their price objective on Costco Wholesale from $601.00 to $650.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Finally, Tigress Financial increased their price target on Costco Wholesale from $745.00 to $870.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Seven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $694.48.

Costco Wholesale Trading Up 0.2 %

NASDAQ:COST opened at $723.89 on Tuesday. Costco Wholesale has a twelve month low of $476.75 and a twelve month high of $787.08. The company has a quick ratio of 0.43, a current ratio of 0.93 and a debt-to-equity ratio of 0.28. The business has a 50 day moving average price of $730.36 and a two-hundred day moving average price of $664.46. The company has a market cap of $321.05 billion, a P/E ratio of 47.34, a price-to-earnings-growth ratio of 4.76 and a beta of 0.77.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, topping analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The firm had revenue of $58.44 billion during the quarter, compared to the consensus estimate of $59.11 billion. During the same quarter in the prior year, the firm posted $3.30 EPS. The business’s revenue was up 5.7% on a year-over-year basis. As a group, analysts expect that Costco Wholesale will post 15.84 EPS for the current fiscal year.

Insider Transactions at Costco Wholesale

In related news, EVP Russell D. Miller sold 785 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total value of $567,445.10. Following the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $7,228,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Russell D. Miller sold 785 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total value of $567,445.10. Following the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $7,228,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Claudine Adamo sold 1,500 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $714.83, for a total value of $1,072,245.00. Following the completion of the sale, the executive vice president now directly owns 6,695 shares in the company, valued at $4,785,786.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,727 shares of company stock valued at $2,682,948. 0.18% of the stock is owned by corporate insiders.

Institutional Trading of Costco Wholesale

A number of hedge funds have recently made changes to their positions in COST. Wedge Capital Management L L P NC acquired a new stake in shares of Costco Wholesale during the third quarter valued at about $477,000. Impact Partnership Wealth LLC raised its position in shares of Costco Wholesale by 63.8% during the third quarter. Impact Partnership Wealth LLC now owns 113 shares of the retailer’s stock worth $64,000 after acquiring an additional 44 shares during the last quarter. Park Place Capital Corp raised its position in shares of Costco Wholesale by 9.8% during the third quarter. Park Place Capital Corp now owns 1,044 shares of the retailer’s stock worth $590,000 after acquiring an additional 93 shares during the last quarter. Inscription Capital LLC raised its position in shares of Costco Wholesale by 9.6% during the third quarter. Inscription Capital LLC now owns 956 shares of the retailer’s stock worth $540,000 after acquiring an additional 84 shares during the last quarter. Finally, Kiley Juergens Wealth Management LLC raised its position in shares of Costco Wholesale by 1.8% during the third quarter. Kiley Juergens Wealth Management LLC now owns 33,484 shares of the retailer’s stock worth $18,917,000 after acquiring an additional 593 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Company Profile

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.