Costco Wholesale’s (COST) “Outperform” Rating Reiterated at Telsey Advisory Group

Costco Wholesale (NASDAQ:COST)‘s stock had its “outperform” rating reiterated by research analysts at Telsey Advisory Group in a report released on Friday,Benzinga reports. They currently have a $1,050.00 target price on the retailer’s stock. Telsey Advisory Group’s target price points to a potential upside of 6.23% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Loop Capital increased their price target on Costco Wholesale from $975.00 to $1,005.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Evercore ISI raised their target price on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a report on Thursday. Truist Financial lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price target on the stock. in a report on Tuesday, September 24th. Raymond James upped their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Morgan Stanley lifted their price objective on shares of Costco Wholesale from $855.00 to $950.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Ten investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $957.07.

Costco Wholesale Stock Down 0.6 %

NASDAQ COST opened at $988.39 on Friday. The company has a market capitalization of $437.93 billion, a P/E ratio of 59.65, a PEG ratio of 6.05 and a beta of 0.82. Costco Wholesale has a 12 month low of $630.30 and a 12 month high of $1,007.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. The company’s 50 day simple moving average is $924.72 and its 200 day simple moving average is $883.45.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.05 by $0.10. The company had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.86 earnings per share. Equities research analysts expect that Costco Wholesale will post 17.77 earnings per share for the current fiscal year.

Insider Activity at Costco Wholesale

In other news, EVP Claudine Adamo sold 3,200 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $888.99, for a total value of $2,844,768.00. Following the sale, the executive vice president now directly owns 8,630 shares of the company’s stock, valued at approximately $7,671,983.70. This trade represents a 27.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Russell D. Miller sold 4,400 shares of the business’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $891.15, for a total value of $3,921,060.00. Following the transaction, the executive vice president now directly owns 10,202 shares of the company’s stock, valued at $9,091,512.30. This represents a 30.13 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,016 shares of company stock valued at $9,826,115. Corporate insiders own 0.18% of the company’s stock.

Institutional Trading of Costco Wholesale

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale in the third quarter worth $29,000. Financial Connections Group Inc. grew its position in Costco Wholesale by 557.1% in the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after purchasing an additional 39 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of Costco Wholesale during the 2nd quarter worth about $50,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Costco Wholesale during the third quarter valued at about $58,000. Finally, Fairway Wealth LLC lifted its stake in shares of Costco Wholesale by 230.0% in the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock valued at $56,000 after buying an additional 46 shares during the period. Institutional investors and hedge funds 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.