Costco Wholesale (COST) Given New $255.00 Price Target at JPMorgan Chase & Co.
Costco Wholesale (NASDAQ:COST) had its price objective upped by JPMorgan Chase & Co. from $227.00 to $255.00 in a research note issued to investors on Monday. JPMorgan Chase & Co. currently has an overweight rating on the retailer’s stock.
A number of other research firms have also issued reports on COST. ValuEngine upgraded shares of Costco Wholesale from a hold rating to a buy rating in a research note on Thursday, June 21st. Wells Fargo & Co raised their target price on shares of Costco Wholesale from $220.00 to $235.00 and gave the company an outperform rating in a research note on Thursday, July 12th. Gordon Haskett lowered shares of Costco Wholesale from a buy rating to an accumulate rating in a research note on Wednesday, July 25th. Robert W. Baird raised their target price on shares of Costco Wholesale from $215.00 to $230.00 and gave the company an outperform rating in a research note on Thursday, June 7th. Finally, Northcoast Research lowered shares of Costco Wholesale from a buy rating to a neutral rating in a research note on Friday, July 6th. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Costco Wholesale currently has an average rating of Buy and an average target price of $227.20.
NASDAQ:COST opened at $232.00 on Monday. Costco Wholesale has a 1 year low of $154.11 and a 1 year high of $245.16. The company has a current ratio of 1.01, a quick ratio of 0.47 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $103.22 billion, a P/E ratio of 39.86, a PEG ratio of 2.79 and a beta of 0.95.
In other Costco Wholesale news, VP James P. Murphy sold 15,000 shares of the firm’s stock in a transaction on Monday, July 23rd. The shares were sold at an average price of $219.22, for a total value of $3,288,300.00. Following the sale, the vice president now directly owns 33,834 shares in the company, valued at approximately $7,417,089.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John W. Meisenbach sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $208.42, for a total transaction of $625,260.00. Following the transaction, the director now directly owns 8,654 shares of the company’s stock, valued at $1,803,666.68. The disclosure for this sale can be found here. Insiders sold a total of 24,000 shares of company stock worth $5,268,930 over the last 90 days. Company insiders own 0.58% of the company’s stock.
Several large investors have recently added to or reduced their stakes in COST. Thrivent Financial for Lutherans lifted its holdings in shares of Costco Wholesale by 4.3% during the 1st quarter. Thrivent Financial for Lutherans now owns 19,883 shares of the retailer’s stock worth $3,746,000 after acquiring an additional 826 shares during the period. KBC Group NV lifted its holdings in shares of Costco Wholesale by 0.8% during the 1st quarter. KBC Group NV now owns 45,028 shares of the retailer’s stock worth $8,485,000 after acquiring an additional 342 shares during the period. Cetera Advisors LLC lifted its holdings in shares of Costco Wholesale by 7.0% during the 1st quarter. Cetera Advisors LLC now owns 7,627 shares of the retailer’s stock worth $1,440,000 after acquiring an additional 497 shares during the period. Candriam Luxembourg S.C.A. lifted its holdings in shares of Costco Wholesale by 1.9% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 37,166 shares of the retailer’s stock worth $7,003,000 after acquiring an additional 679 shares during the period. Finally, BTC Capital Management Inc. lifted its holdings in shares of Costco Wholesale by 37.4% during the 1st quarter. BTC Capital Management Inc. now owns 7,644 shares of the retailer’s stock worth $1,441,000 after acquiring an additional 2,080 shares during the period. 71.44% of the stock is owned by institutional investors.
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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