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

by · The Markets Daily

Costco Wholesale (NASDAQ:COST – Get Free Report)‘s stock had its “outperform” rating reissued by investment analysts at Telsey Advisory Group in a research note issued on Friday,Benzinga reports. They currently have a $1,100.00 target price on the retailer’s stock. Telsey Advisory Group’s target price suggests a potential upside of 24.37% from the stock’s current price.

A number of other equities analysts have also weighed in on COST. The Goldman Sachs Group boosted their target price on Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of Costco Wholesale in a report on Monday. Truist Financial lowered their price objective on shares of Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating on the stock in a research report on Friday, September 26th. DA Davidson reaffirmed a “neutral” rating and issued a $1,000.00 target price on shares of Costco Wholesale in a research report on Thursday, December 4th. Finally, Oppenheimer lowered their price target on Costco Wholesale from $1,130.00 to $1,050.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Seventeen research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,022.48.

View Our Latest Research Report on COST

Costco Wholesale Stock Performance

COST stock opened at $884.48 on Friday. The stock’s 50 day simple moving average is $916.84 and its 200 day simple moving average is $951.96. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. Costco Wholesale has a 12-month low of $871.09 and a 12-month high of $1,078.23. The stock has a market capitalization of $392.67 billion, a PE ratio of 48.57, a price-to-earnings-growth ratio of 5.93 and a beta of 1.00.

Costco Wholesale (NASDAQ:COST – Get Free Report) last posted its earnings results on Thursday, December 11th. The retailer reported $4.34 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $0.07. The business had revenue of $67.31 billion during the quarter, compared to analyst estimates of $67.03 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the company earned $4.04 EPS. As a group, research analysts forecast that Costco Wholesale will post 18.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Costco Wholesale news, EVP Claudine Adamo sold 2,700 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $935.68, for a total value of $2,526,336.00. Following the completion of the transaction, the executive vice president directly owned 6,851 shares in the company, valued at $6,410,343.68. This represents a 28.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP William Richard Wilcox sold 2,400 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $930.13, for a total transaction of $2,232,312.00. Following the completion of the sale, the executive vice president directly owned 2,000 shares of the company’s stock, valued at approximately $1,860,260. This trade represents a 54.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 9,720 shares of company stock valued at $9,010,257. Insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of COST. Vanguard Group Inc. boosted its stake in shares of Costco Wholesale by 1.7% in the second quarter. Vanguard Group Inc. now owns 43,356,271 shares of the retailer’s stock worth $42,920,107,000 after acquiring an additional 711,560 shares during the period. State Street Corp lifted its holdings in Costco Wholesale by 0.5% in the 2nd quarter. State Street Corp now owns 18,325,416 shares of the retailer’s stock worth $18,141,062,000 after purchasing an additional 90,107 shares in the last quarter. Geode Capital Management LLC boosted its stake in Costco Wholesale by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 10,275,056 shares of the retailer’s stock worth $10,124,263,000 after purchasing an additional 150,844 shares during the period. Norges Bank bought a new position in Costco Wholesale in the 2nd quarter worth approximately $5,692,035,000. Finally, Alliancebernstein L.P. grew its holdings in Costco Wholesale by 0.4% during the 1st quarter. Alliancebernstein L.P. now owns 4,332,009 shares of the retailer’s stock valued at $4,097,127,000 after buying an additional 18,045 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Company Profile

(Get Free Report)

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.

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