Stifel Nicolaus Forecasts Strong Price Appreciation for Costco Wholesale (NASDAQ:COST) Stock

Costco Wholesale (NASDAQ:COST) had its price objective upped by Stifel Nicolaus from $1,000.00 to $1,075.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the retailer’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 2.99% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Raymond James increased their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Oppenheimer reaffirmed an “outperform” rating and set a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Sanford C. Bernstein began coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target for the company. Evercore ISI upped their price target on Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Barclays upped their price target on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Trading Down 0.7 %

Shares of COST stock opened at $1,043.81 on Thursday. The stock has a market capitalization of $463.35 billion, a PE ratio of 61.29, a P/E/G 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 $1,063.00. The business has a 50-day moving average of $959.83 and a 200 day moving average of $912.64. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Institutional Trading of Costco Wholesale

Several institutional investors have recently added to or reduced their stakes in the business. Cromwell Holdings LLC boosted its stake in Costco Wholesale by 0.9% during the 4th quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock valued at $1,048,000 after purchasing an additional 10 shares during the last quarter. 44 Wealth Management LLC boosted its stake in Costco Wholesale by 0.3% during the 4th quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock valued at $3,196,000 after purchasing an additional 10 shares during the last quarter. SRN Advisors LLC boosted its stake in Costco Wholesale by 0.3% during the 4th quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock valued at $2,823,000 after purchasing an additional 10 shares during the last quarter. Miramar Capital LLC boosted its stake in Costco Wholesale by 1.9% during the 4th quarter. Miramar Capital LLC now owns 525 shares of the retailer’s stock valued at $481,000 after purchasing an additional 10 shares during the last quarter. Finally, Fermata Advisors LLC boosted its stake in Costco Wholesale by 0.6% during the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock valued at $1,745,000 after purchasing an additional 11 shares during the last quarter. 68.48% of the stock is currently owned by hedge funds and other 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.