Brokerages Set Costco Wholesale Co. (NASDAQ:COST) Price Target at $758.70

Shares of Costco Wholesale Co. (NASDAQ:COSTGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the twenty-six research firms that are covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and nineteen have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $766.73.

A number of research analysts have recently weighed in on the company. Wells Fargo & Company increased their price objective on Costco Wholesale from $750.00 to $775.00 and gave the company an “equal weight” rating in a report on Friday, May 31st. Telsey Advisory Group reissued an “outperform” rating and issued a $900.00 price objective on shares of Costco Wholesale in a report on Monday. Oppenheimer increased their price objective on Costco Wholesale from $850.00 to $905.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. Evercore ISI increased their price objective on Costco Wholesale from $860.00 to $890.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Finally, Truist Financial raised their target price on Costco Wholesale from $815.00 to $873.00 and gave the stock a “buy” rating in a report on Friday, May 31st.

Read Our Latest Report on COST

Costco Wholesale Trading Up 0.7 %

Costco Wholesale stock opened at $886.85 on Wednesday. The stock has a 50-day moving average of $822.38 and a two-hundred day moving average of $750.76. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. Costco Wholesale has a one year low of $525.06 and a one year high of $896.67. The stock has a market cap of $393.17 billion, a PE ratio of 54.95, a price-to-earnings-growth ratio of 5.82 and a beta of 0.78.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.08. The business had revenue of $58.52 billion for the quarter, compared to analyst estimates of $58.16 billion. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company earned $3.43 earnings per share. On average, research analysts anticipate that Costco Wholesale will post 15.98 EPS for the current fiscal year.

Insider Activity

In related news, EVP Russell D. Miller sold 785 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total transaction of $567,445.10. Following the completion of the sale, the executive vice president now directly owns 10,000 shares in the company, valued at $7,228,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.18% of the company’s stock.

Institutional Trading of Costco Wholesale

Several large investors have recently made changes to their positions in the company. Bedel Financial Consulting Inc. increased its position in shares of Costco Wholesale by 1.3% during the first quarter. Bedel Financial Consulting Inc. now owns 995 shares of the retailer’s stock worth $729,000 after purchasing an additional 13 shares in the last quarter. Boltwood Capital Management boosted its stake in Costco Wholesale by 1.7% during the second quarter. Boltwood Capital Management now owns 790 shares of the retailer’s stock worth $671,000 after buying an additional 13 shares during the last quarter. Arlington Capital Management Inc. boosted its stake in Costco Wholesale by 1.1% during the first quarter. Arlington Capital Management Inc. now owns 1,295 shares of the retailer’s stock worth $949,000 after buying an additional 14 shares during the last quarter. Enterprise Financial Services Corp boosted its stake in Costco Wholesale by 1.6% during the fourth quarter. Enterprise Financial Services Corp now owns 892 shares of the retailer’s stock worth $589,000 after buying an additional 14 shares during the last quarter. Finally, Hoxton Planning & Management LLC boosted its stake in Costco Wholesale by 0.9% during the first quarter. Hoxton Planning & Management LLC now owns 1,535 shares of the retailer’s stock worth $1,125,000 after buying an additional 14 shares during the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

About Costco Wholesale

(Get Free Report

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.

Featured Stories

Analyst Recommendations for Costco Wholesale (NASDAQ:COST)

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.