Telsey Advisory Group Reaffirms Outperform Rating for Costco Wholesale (NASDAQ:COST)

Costco Wholesale (NASDAQ:COST)‘s stock had its “outperform” rating reaffirmed by Telsey Advisory Group in a research note issued on Thursday,Benzinga reports. They currently have a $1,100.00 price target on the retailer’s stock. Telsey Advisory Group’s price objective would indicate a potential upside of 17.40% from the company’s current price.

COST has been the subject of a number of other research reports. Wells Fargo & Company raised their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Morgan Stanley lifted their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Raymond James increased their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Evercore ISI boosted their price objective on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets increased their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Trading Up 1.0 %

Shares of COST stock opened at $936.94 on Thursday. Costco Wholesale has a twelve month low of $667.64 and a twelve month high of $1,008.25. The stock has a market cap of $415.91 billion, a price-to-earnings ratio of 55.02, a PEG ratio of 6.02 and a beta of 0.84. The company’s 50-day moving average price is $947.92 and its 200-day moving average price is $898.61. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Pierre Riel sold 2,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total value of $1,793,420.00. Following the completion of the transaction, the executive vice president now owns 10,210 shares in the company, valued at $9,155,409.10. This represents a 16.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the sale, the executive vice president now owns 27,400 shares in the company, valued at $24,514,232. This trade represents a 4.91 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Costco Wholesale

Several large investors have recently modified their holdings of the company. RMR Wealth Builders raised its position in Costco Wholesale by 1.7% in the 4th quarter. RMR Wealth Builders now owns 4,786 shares of the retailer’s stock valued at $4,386,000 after purchasing an additional 78 shares during the last quarter. Atlas Brown Inc. raised its holdings in shares of Costco Wholesale by 4.9% in the fourth quarter. Atlas Brown Inc. now owns 4,634 shares of the retailer’s stock valued at $4,246,000 after buying an additional 215 shares during the last quarter. HBW Advisory Services LLC boosted its stake in shares of Costco Wholesale by 2.6% during the fourth quarter. HBW Advisory Services LLC now owns 1,498 shares of the retailer’s stock worth $1,372,000 after buying an additional 38 shares during the period. Hilltop National Bank grew its holdings in shares of Costco Wholesale by 0.9% during the fourth quarter. Hilltop National Bank now owns 3,328 shares of the retailer’s stock worth $3,049,000 after buying an additional 30 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Costco Wholesale by 0.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 123,965 shares of the retailer’s stock valued at $109,899,000 after acquiring an additional 973 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

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.