Costco Wholesale (NASDAQ:COST) Price Target Raised to $1,000.00 at Rothschild & Co Redburn

Costco Wholesale (NASDAQ:COST) had its price objective hoisted by analysts at Rothschild & Co Redburn from $890.00 to $1,000.00 in a note issued to investors on Tuesday,MarketScreener reports. The brokerage presently has a “neutral” rating on the retailer’s stock. Rothschild & Co Redburn’s target price points to a potential downside of 1.81% from the company’s current price.

COST has been the subject of several other research reports. BMO Capital Markets reissued an “outperform” rating on shares of Costco Wholesale in a research report on Friday, December 12th. Northcoast Research set a $1,100.00 price objective on shares of Costco Wholesale and gave the company a “buy” rating in a report on Wednesday, December 24th. Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a report on Monday, February 2nd. JPMorgan Chase & Co. lifted their price target on Costco Wholesale from $1,000.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $1,155.00 price objective on shares of Costco Wholesale in a research note on Monday, February 9th. Twenty-one investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus price target of $1,008.07.

Costco Wholesale Stock Performance

Shares of COST opened at $1,018.48 on Tuesday. Costco Wholesale has a one year low of $844.06 and a one year high of $1,077.49. The company has a market cap of $452.07 billion, a PE ratio of 54.55, a P/E/G ratio of 5.37 and a beta of 1.01. The stock has a 50-day moving average of $925.57 and a 200-day moving average of $933.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.04 and a quick ratio of 0.53.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, December 11th. The retailer reported $4.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.27 by $0.07. The business had revenue of $67.31 billion for the quarter, compared to analyst estimates of $67.03 billion. Costco Wholesale had a return on equity of 29.35% and a net margin of 2.96%.The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.04 earnings per share. On average, equities research analysts predict that Costco Wholesale will post 18.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other Costco Wholesale news, EVP James C. Klauer sold 1,500 shares of Costco Wholesale stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $939.00, for a total transaction of $1,408,500.00. Following the completion of the sale, the executive vice president owned 44,837 shares of the company’s stock, valued at $42,101,943. The trade was a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Russell D. Miller sold 1,500 shares of the company’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $916.32, for a total transaction of $1,374,480.00. Following the completion of the sale, the executive vice president directly owned 8,240 shares of the company’s stock, valued at $7,550,476.80. This trade represents a 15.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,915 shares of company stock valued at $6,317,097 over the last three months. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Costco Wholesale

Large investors have recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $5,195,415,000. Cardano Risk Management B.V. raised its position in shares of Costco Wholesale by 907.1% in the 4th quarter. Cardano Risk Management B.V. now owns 1,785,080 shares of the retailer’s stock worth $1,539,346,000 after purchasing an additional 1,607,833 shares during the last quarter. Laurel Wealth Advisors LLC boosted its stake in Costco Wholesale by 96,316.6% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,378,758 shares of the retailer’s stock worth $1,364,888,000 after purchasing an additional 1,377,328 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Costco Wholesale by 1,586.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,137,436 shares of the retailer’s stock valued at $980,857,000 after purchasing an additional 1,070,005 shares during the last quarter. Finally, Amundi increased its stake in Costco Wholesale by 45.0% during the 3rd quarter. Amundi now owns 3,176,606 shares of the retailer’s stock valued at $2,893,697,000 after purchasing an additional 986,182 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

About Costco Wholesale

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.