Costco Wholesale (NASDAQ:COST) PT Raised to $571.00

Costco Wholesale (NASDAQ:COSTGet Rating) had its target price lifted by equities researchers at Truist Financial from $543.00 to $571.00 in a research note issued to investors on Thursday, The Fly reports. Truist Financial’s price target suggests a potential upside of 5.61% from the company’s previous close.

COST has been the subject of a number of other reports. Oppenheimer raised their price objective on Costco Wholesale from $535.00 to $600.00 in a research report on Thursday. StockNews.com upgraded Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, July 15th. The Goldman Sachs Group raised their price objective on Costco Wholesale from $516.00 to $573.00 and gave the stock a “buy” rating in a research report on Thursday. Stifel Nicolaus raised their price objective on Costco Wholesale from $555.00 to $565.00 in a research report on Thursday, May 5th. Finally, Telsey Advisory Group reduced their price target on Costco Wholesale from $615.00 to $590.00 and set an “outperform” rating for the company in a report on Friday, May 27th. Four research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $576.68.

Costco Wholesale Trading Down 0.5 %

NASDAQ:COST opened at $540.67 on Thursday. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 0.32. Costco Wholesale has a 1-year low of $406.51 and a 1-year high of $612.27. The firm has a market capitalization of $239.50 billion, a price-to-earnings ratio of 42.57, a price-to-earnings-growth ratio of 4.57 and a beta of 0.69. The stock has a fifty day simple moving average of $492.92 and a 200 day simple moving average of $515.12.

Costco Wholesale (NASDAQ:COSTGet Rating) last released its quarterly earnings results on Thursday, May 26th. The retailer reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.17. Costco Wholesale had a return on equity of 29.71% and a net margin of 2.60%. The business had revenue of $52.60 billion during the quarter, compared to analyst estimates of $51.49 billion. During the same quarter last year, the company posted $2.75 EPS. Costco Wholesale’s revenue for the quarter was up 18.5% on a year-over-year basis. Sell-side analysts forecast that Costco Wholesale will post 13.05 earnings per share for the current year.

Insiders Place Their Bets

In other Costco Wholesale news, Director Mary Agnes Wilderotter purchased 850 shares of the company’s stock in a transaction on Tuesday, June 7th. The shares were bought at an average cost of $470.74 per share, with a total value of $400,129.00. Following the transaction, the director now directly owns 11,295 shares in the company, valued at approximately $5,317,008.30. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Mary Agnes Wilderotter acquired 850 shares of the stock in a transaction dated Tuesday, June 7th. The shares were acquired at an average cost of $470.74 per share, for a total transaction of $400,129.00. Following the completion of the transaction, the director now owns 11,295 shares in the company, valued at approximately $5,317,008.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP James P. Murphy sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 22nd. The shares were sold at an average price of $464.00, for a total value of $1,160,000.00. Following the sale, the vice president now owns 37,730 shares in the company, valued at $17,506,720. The disclosure for this sale can be found here. Insiders have sold a total of 5,300 shares of company stock valued at $2,609,904 in the last three months. Company insiders own 0.22% of the company’s stock.

Institutional Trading of Costco Wholesale

Several institutional investors have recently bought and sold shares of COST. Norges Bank bought a new stake in shares of Costco Wholesale during the fourth quarter worth $2,323,746,000. State Street Corp boosted its position in shares of Costco Wholesale by 10.2% during the fourth quarter. State Street Corp now owns 18,301,225 shares of the retailer’s stock worth $10,389,605,000 after buying an additional 1,697,920 shares during the period. BlackRock Inc. boosted its position in shares of Costco Wholesale by 3.1% during the fourth quarter. BlackRock Inc. now owns 31,078,322 shares of the retailer’s stock worth $17,643,166,000 after buying an additional 944,199 shares during the period. Vanguard Group Inc. boosted its position in shares of Costco Wholesale by 1.2% during the first quarter. Vanguard Group Inc. now owns 38,028,886 shares of the retailer’s stock worth $21,898,934,000 after buying an additional 467,631 shares during the period. Finally, Winslow Capital Management LLC acquired a new position in shares of Costco Wholesale during the first quarter worth about $242,940,000. Institutional investors and hedge funds own 67.52% of the company’s stock.

Costco Wholesale Company Profile

(Get Rating)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

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