Costco Wholesale (NASDAQ:COST) PT Raised to $995.00 at The Goldman Sachs Group

Costco Wholesale (NASDAQ:COST) had its price target upped by analysts at The Goldman Sachs Group from $876.00 to $995.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the retailer’s stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 12.35% from the stock’s current price.

A number of other research firms also recently weighed in on COST. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price for the company in a research report on Thursday, August 8th. TD Cowen lifted their target price on shares of Costco Wholesale from $850.00 to $925.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Stifel Nicolaus upped their price target on shares of Costco Wholesale from $915.00 to $925.00 and gave the company a “buy” rating in a research report on Friday. Telsey Advisory Group increased their price target on Costco Wholesale from $925.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Evercore ISI boosted their price objective on Costco Wholesale from $915.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target of $881.19.

Costco Wholesale Price Performance

COST stock opened at $885.62 on Friday. 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 52-week low of $540.23 and a 52-week high of $923.83. The company has a market capitalization of $392.62 billion, a P/E ratio of 54.87, a PEG ratio of 5.47 and a beta of 0.80. The company has a fifty day moving average price of $870.67 and a 200-day moving average price of $816.70.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping the consensus estimate of $5.05 by $0.10. The firm had revenue of $79.70 billion for the quarter, compared to the consensus estimate of $79.91 billion. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $4.86 EPS. As a group, equities analysts expect that Costco Wholesale will post 16.02 EPS for the current year.

Insider Activity

In related news, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the sale, the director now owns 11,775 shares in the company, valued at $10,320,787.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the sale, the insider now owns 12,492 shares in the company, valued at approximately $10,545,746.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the transaction, the director now owns 11,775 shares in the company, valued at approximately $10,320,787.50. The disclosure for this sale can be found here. Insiders have sold 4,974 shares of company stock worth $4,252,856 over the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

Institutional Trading of Costco Wholesale

A number of hedge funds have recently bought and sold shares of the business. Strong Tower Advisory Services increased its position in shares of Costco Wholesale by 7.9% during the 1st quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock valued at $1,346,000 after purchasing an additional 137 shares during the last quarter. J.W. Cole Advisors Inc. grew its position in Costco Wholesale by 52.1% during the second quarter. J.W. Cole Advisors Inc. now owns 7,645 shares of the retailer’s stock valued at $6,499,000 after buying an additional 2,620 shares during the period. Main Street Financial Solutions LLC increased its holdings in Costco Wholesale by 22.8% during the second quarter. Main Street Financial Solutions LLC now owns 3,533 shares of the retailer’s stock worth $3,003,000 after buying an additional 656 shares during the last quarter. Parcion Private Wealth LLC raised its position in Costco Wholesale by 30.8% in the second quarter. Parcion Private Wealth LLC now owns 5,596 shares of the retailer’s stock worth $4,757,000 after acquiring an additional 1,319 shares during the period. Finally, Aspiriant LLC boosted its stake in Costco Wholesale by 6.1% in the first quarter. Aspiriant LLC now owns 2,327 shares of the retailer’s stock valued at $1,705,000 after acquiring an additional 134 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

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.