Costco Wholesale (NASDAQ:COST) Earns “Outperform” Rating from Telsey Advisory Group

Costco Wholesale (NASDAQ:COST)‘s stock had its “outperform” rating reiterated by stock analysts at Telsey Advisory Group in a note issued to investors on Monday,Benzinga reports. They presently have a $1,100.00 price target on the retailer’s stock. Telsey Advisory Group’s price objective suggests a potential upside of 7.65% from the stock’s current price.

Several other equities analysts have also recently issued reports on COST. Raymond James raised their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. DA Davidson raised their price objective on shares of Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. UBS Group increased their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Jefferies Financial Group lifted their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Evercore ISI boosted 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 research note on Thursday, December 12th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Price Performance

COST stock opened at $1,021.86 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a 50-day simple moving average of $955.41 and a 200-day simple moving average of $909.45. The firm has a market cap of $453.60 billion, a P/E ratio of 60.00, a price-to-earnings-growth ratio of 5.84 and a beta of 0.84. Costco Wholesale has a 1 year low of $697.27 and a 1 year high of $1,024.35.

Institutional Investors Weigh In On Costco Wholesale

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AMF Tjanstepension AB bought a new stake in shares of Costco Wholesale during the 3rd quarter valued at about $42,896,000. Czech National Bank raised its position in shares of Costco Wholesale by 6.9% in the third quarter. Czech National Bank now owns 90,312 shares of the retailer’s stock valued at $80,063,000 after purchasing an additional 5,799 shares during the period. GAMMA Investing LLC boosted its position in shares of Costco Wholesale by 24.2% in the third quarter. GAMMA Investing LLC now owns 6,661 shares of the retailer’s stock valued at $5,905,000 after acquiring an additional 1,300 shares during the period. Diversified Trust Co raised its stake in Costco Wholesale by 5.6% in the third quarter. Diversified Trust Co now owns 7,631 shares of the retailer’s stock valued at $6,765,000 after purchasing an additional 403 shares in the last quarter. Finally, Everpar Advisors LLC grew its position in Costco Wholesale by 3.3% during the third quarter. Everpar Advisors LLC now owns 539 shares of the retailer’s stock valued at $478,000 after acquiring an additional 17 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

About Costco Wholesale

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.