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

Telsey Advisory Group restated their outperform rating on shares of Costco Wholesale (NASDAQ:COST) in a research report report published on Monday morning,Benzinga reports. Telsey Advisory Group currently has a $1,100.00 target price on the retailer’s stock.

Several other brokerages have also commented on COST. UBS Group raised their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Truist Financial boosted their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Morgan Stanley boosted their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Barclays boosted their target price on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Finally, TD Cowen boosted their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $1,046.85 on Monday. The stock has a market cap of $464.70 billion, a P/E ratio of 61.47, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. The firm’s fifty day simple moving average is $984.45 and its 200 day simple moving average is $939.83. Costco Wholesale has a twelve month low of $697.27 and a twelve month high of $1,078.24. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

Hedge Funds Weigh In On Costco Wholesale

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COST. Investment Management Corp VA ADV acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $25,000. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale during the 3rd quarter worth about $29,000. Synergy Investment Management LLC acquired a new position in Costco Wholesale during the 4th quarter worth about $31,000. NewSquare Capital LLC lifted its stake in Costco Wholesale by 250.0% during the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after acquiring an additional 25 shares in the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in Costco Wholesale during the 4th quarter worth about $33,000. Institutional investors and hedge funds 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.