Costco Wholesale (NASDAQ:COST) Stock Price Expected to Rise, Evercore ISI Analyst Says

Costco Wholesale (NASDAQ:COST) had its price target upped by analysts at Evercore ISI from $1,019.00 to $1,020.00 in a report issued on Thursday, MarketBeat.com reports. The brokerage currently has an “overweight” rating on the retailer’s stock. Evercore ISI’s price objective would suggest a potential upside of 3.10% from the stock’s current price.

COST has been the topic of a number of other reports. Oppenheimer restated an “outperform” rating and set a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a report on Tuesday. Tigress Financial restated a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a report on Thursday, October 17th. Truist Financial lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price objective on the stock. in a report on Tuesday, September 24th. Barclays raised their price objective on shares of Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. Finally, Robert W. Baird raised their price objective on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $988.46.

Costco Wholesale Trading Up 0.1 %

Shares of NASDAQ COST opened at $989.35 on Thursday. The company’s fifty day moving average is $926.84 and its 200-day moving average is $884.70. The stock has a market cap of $438.35 billion, a price-to-earnings ratio of 59.71, a P/E/G ratio of 6.05 and a beta of 0.82. Costco Wholesale has a twelve month low of $630.30 and a twelve month high of $1,007.80. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. The company had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $4.86 earnings per share. Equities research analysts predict that Costco Wholesale will post 17.77 EPS for the current year.

Insider Buying and Selling

In related news, EVP Russell D. Miller sold 4,400 shares of Costco Wholesale stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the completion of the sale, the executive vice president now owns 10,202 shares of the company’s stock, valued at approximately $9,091,512.30. The trade was a 30.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the completion of the sale, the executive vice president now directly owns 8,630 shares of the company’s stock, valued at $7,671,983.70. This represents a 27.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,016 shares of company stock valued at $9,826,115. Company insiders own 0.18% of the company’s stock.

Institutional Trading of Costco Wholesale

A number of institutional investors have recently bought and sold shares of the business. Legacy Wealth Management LLC MS boosted its holdings in Costco Wholesale by 2.7% in the 3rd quarter. Legacy Wealth Management LLC MS now owns 4,033 shares of the retailer’s stock valued at $3,575,000 after purchasing an additional 106 shares during the period. DGS Capital Management LLC boosted its holdings in Costco Wholesale by 12.8% in the 3rd quarter. DGS Capital Management LLC now owns 756 shares of the retailer’s stock valued at $671,000 after purchasing an additional 86 shares during the period. FFG Partners LLC boosted its holdings in Costco Wholesale by 0.5% in the 3rd quarter. FFG Partners LLC now owns 23,814 shares of the retailer’s stock valued at $21,112,000 after purchasing an additional 129 shares during the period. Oddo BHF Asset Management Sas bought a new stake in Costco Wholesale in the 3rd quarter valued at about $9,539,000. Finally, Garde Capital Inc. boosted its holdings in Costco Wholesale by 4.3% in the 3rd quarter. Garde Capital Inc. now owns 3,954 shares of the retailer’s stock valued at $3,506,000 after purchasing an additional 162 shares during the period. Institutional investors own 68.48% of the company’s stock.

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.