Costco Wholesale (NASDAQ:COST) Given New $975.00 Price Target at TD Cowen

Costco Wholesale (NASDAQ:COST) had its target price raised by stock analysts at TD Cowen from $925.00 to $975.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the retailer’s stock. TD Cowen’s price objective would indicate a potential upside of 11.13% from the company’s previous close.

Several other research analysts also recently commented on the company. Melius Research started coverage on Costco Wholesale in a research report on Monday, September 23rd. They issued a “hold” rating and a $950.00 price target on the stock. DA Davidson lifted their price target on Costco Wholesale from $780.00 to $880.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. Bank of America lifted their price target on Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target on the stock in a research report on Thursday, August 8th. Finally, Telsey Advisory Group lifted their price target on Costco Wholesale from $925.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $883.04.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $877.38 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. The firm has a market cap of $388.97 billion, a price-to-earnings ratio of 54.36, a P/E/G ratio of 5.47 and a beta of 0.80. The business’s 50-day simple moving average is $871.96 and its 200-day simple moving average is $819.44. Costco Wholesale has a 52 week low of $540.23 and a 52 week high of $923.83.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping the consensus estimate of $5.05 by $0.10. The company had revenue of $79.70 billion for the quarter, compared to the consensus estimate of $79.91 billion. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $4.86 EPS. As a group, equities research analysts expect that Costco Wholesale will post 16.02 earnings per share for the current fiscal year.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction on Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the transaction, the insider now owns 12,492 shares in the company, valued at approximately $10,545,746.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of Costco Wholesale stock in a transaction on Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the transaction, the director now owns 5,920 shares in the company, valued at approximately $5,041,057.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction on Friday, July 12th. The shares were sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the transaction, the insider now owns 12,492 shares of the company’s stock, valued at approximately $10,545,746.40. The disclosure for this sale can be found here. Insiders have sold a total of 4,974 shares of company stock valued at $4,252,856 in the last 90 days. 0.18% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Costco Wholesale

Several institutional investors have recently bought and sold shares of COST. Gilbert & Cook Inc. raised its position in shares of Costco Wholesale by 57.3% during the fourth quarter. Gilbert & Cook Inc. now owns 626 shares of the retailer’s stock worth $413,000 after acquiring an additional 228 shares during the last quarter. J. W. Coons Advisors LLC raised its position in shares of Costco Wholesale by 2.0% during the fourth quarter. J. W. Coons Advisors LLC now owns 3,802 shares of the retailer’s stock worth $2,510,000 after acquiring an additional 75 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Costco Wholesale by 4.5% during the fourth quarter. Jones Financial Companies Lllp now owns 9,915 shares of the retailer’s stock worth $6,544,000 after acquiring an additional 426 shares during the last quarter. Rafferty Asset Management LLC raised its position in shares of Costco Wholesale by 6.4% during the fourth quarter. Rafferty Asset Management LLC now owns 52,134 shares of the retailer’s stock worth $34,413,000 after acquiring an additional 3,148 shares during the last quarter. Finally, Carmignac Gestion raised its position in shares of Costco Wholesale by 175.5% during the fourth quarter. Carmignac Gestion now owns 11,750 shares of the retailer’s stock worth $7,760,000 after acquiring an additional 7,485 shares during the last quarter. 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.