Costco Wholesale (NASDAQ:COST) Given Outperform Rating at Telsey Advisory Group

Costco Wholesale (NASDAQ:COST)‘s stock had its “outperform” rating reaffirmed by equities researchers at Telsey Advisory Group in a research report issued on Friday,Benzinga reports. They currently have a $1,050.00 price objective on the retailer’s stock. Telsey Advisory Group’s price objective would indicate a potential upside of 6.23% from the stock’s previous close.

Other analysts have also issued research reports about the company. The Goldman Sachs Group upped their price target on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Truist Financial lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 target price on the stock. in a report on Tuesday, September 24th. Jefferies Financial Group lifted their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Melius Research initiated coverage on shares of Costco Wholesale in a research note on Monday, September 23rd. They set a “hold” rating and a $950.00 price objective on the stock. Finally, Redburn Atlantic cut shares of Costco Wholesale from a “buy” rating to a “neutral” rating and lifted their target price for the company from $860.00 to $890.00 in a research note on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $957.07.

Costco Wholesale Trading Down 0.6 %

Shares of COST stock opened at $988.39 on Friday. The firm has a fifty day moving average of $924.72 and a 200-day moving average of $883.45. The stock has a market cap of $437.93 billion, a price-to-earnings ratio of 59.65, a P/E/G ratio of 6.05 and a beta of 0.82. Costco Wholesale has a 52-week low of $630.30 and a 52-week high of $1,007.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97.

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, topping the consensus estimate of $5.05 by $0.10. The firm had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.86 earnings per share. On average, equities research analysts forecast that Costco Wholesale will post 17.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Russell D. Miller sold 4,400 shares of the 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 completion of the sale, the executive vice president now directly owns 10,202 shares in the company, valued at $9,091,512.30. This represents a 30.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $888.99, for a total value of $2,844,768.00. Following the transaction, the executive vice president now owns 8,630 shares in the company, valued at $7,671,983.70. This trade represents a 27.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders 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

A number of large investors have recently bought and sold shares of COST. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale during the third quarter worth $29,000. Financial Connections Group Inc. boosted its stake 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 period. Summit Securities Group LLC bought a new position in Costco Wholesale during the 2nd quarter worth about $50,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Costco Wholesale in the 3rd quarter valued at about $58,000. Finally, Fairway Wealth LLC lifted its holdings 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 purchasing an additional 46 shares in the last quarter. 68.48% of the stock is 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.