Costco Wholesale (NASDAQ:COST) PT Raised to $850.00 at Oppenheimer

Costco Wholesale (NASDAQ:COST) had its price target increased by stock analysts at Oppenheimer from $805.00 to $850.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the retailer’s stock. Oppenheimer’s price target would indicate a potential upside of 6.74% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Gordon Haskett lowered Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 target price for the company. in a research note on Wednesday, April 3rd. Roth Mkm increased their target price on shares of Costco Wholesale from $601.00 to $650.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Telsey Advisory Group restated an “outperform” rating and set a $800.00 price target on shares of Costco Wholesale in a report on Monday, May 6th. Loop Capital reduced their target price 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. Finally, StockNews.com raised Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Friday, May 17th. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus price target of $696.88.

Costco Wholesale Trading Down 0.7 %

Shares of COST stock opened at $796.34 on Wednesday. The company’s fifty day simple moving average is $740.99 and its two-hundred day simple moving average is $693.83. The stock has a market capitalization of $353.18 billion, a price-to-earnings ratio of 52.08, a PEG ratio of 5.33 and a beta of 0.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.43. Costco Wholesale has a 1 year low of $476.75 and a 1 year high of $808.05.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) 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 company had revenue of $58.44 billion for the quarter, compared to the consensus estimate of $59.11 billion. During the same quarter last year, the business posted $3.30 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. As a group, analysts anticipate that Costco Wholesale will post 15.84 earnings per share for the current year.

Insider Activity at Costco Wholesale

In other news, EVP Russell D. Miller sold 785 shares of the stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total value of $567,445.10. Following the completion of the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $7,228,600. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Claudine Adamo sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $714.83, for a total value of $1,072,245.00. Following the transaction, the executive vice president now directly owns 6,695 shares of the company’s stock, valued at approximately $4,785,786.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Russell D. Miller sold 785 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total transaction of $567,445.10. Following the sale, the executive vice president now owns 10,000 shares in the company, valued at approximately $7,228,600. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Institutional Trading of Costco Wholesale

Several hedge funds have recently bought and sold shares of COST. Vanguard Group Inc. grew its position in Costco Wholesale by 1.2% in the first quarter. Vanguard Group Inc. now owns 40,833,870 shares of the retailer’s stock worth $29,916,118,000 after acquiring an additional 473,702 shares in the last quarter. Norges Bank bought a new position in Costco Wholesale during the fourth quarter valued at $3,628,694,000. Northern Trust Corp raised its stake in shares of Costco Wholesale by 4.3% in the third quarter. Northern Trust Corp now owns 5,134,947 shares of the retailer’s stock valued at $2,901,040,000 after acquiring an additional 210,586 shares during the period. Capital World Investors lifted its holdings in shares of Costco Wholesale by 8.1% in the 1st quarter. Capital World Investors now owns 3,824,778 shares of the retailer’s stock worth $2,802,147,000 after acquiring an additional 285,533 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in Costco Wholesale by 61,693.5% during the 4th quarter. International Assets Investment Management LLC now owns 3,105,124 shares of the retailer’s stock valued at $2,049,630,000 after purchasing an additional 3,100,099 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

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.