Costco Wholesale (NASDAQ:COST)‘s stock had its “buy” rating restated by investment analysts at Telsey Advisory Group in a research report issued on Thursday, TipRanks reports. They presently have a $330.00 price objective on the retailer’s stock. Telsey Advisory Group’s price objective suggests a potential upside of 1.16% from the stock’s current price.

Other analysts have also issued research reports about the company. Guggenheim reiterated a “hold” rating on shares of Costco Wholesale in a report on Monday, June 29th. Royal Bank of Canada increased their price target on Costco Wholesale from $332.00 to $348.00 in a research note on Friday, May 29th. Robert W. Baird restated a “buy” rating and set a $335.00 price target on shares of Costco Wholesale in a research note on Thursday, April 9th. Wolfe Research started coverage on shares of Costco Wholesale in a report on Tuesday, March 31st. They set a “market perform” rating on the stock. Finally, Citigroup began coverage on shares of Costco Wholesale in a research note on Tuesday, April 14th. They issued a “neutral” rating and a $310.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nineteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $323.00.

NASDAQ COST opened at $326.23 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 1.11. The firm’s 50 day moving average price is $304.66 and its 200-day moving average price is $303.47. Costco Wholesale has a 52-week low of $262.71 and a 52-week high of $328.98. The company has a market cap of $143.73 billion, a PE ratio of 39.02, a P/E/G ratio of 4.46 and a beta of 0.68.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, May 28th. The retailer reported $1.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.92 by ($0.03). The business had revenue of $36.45 billion for the quarter, compared to the consensus estimate of $36.66 billion. Costco Wholesale had a net margin of 2.31% and a return on equity of 22.60%. Costco Wholesale’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.89 earnings per share. On average, analysts forecast that Costco Wholesale will post 8.44 earnings per share for the current fiscal year.

In related news, insider Daniel M. Hines sold 5,000 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $309.31, for a total value of $1,546,550.00. Following the completion of the transaction, the insider now owns 15,632 shares of the company’s stock, valued at approximately $4,835,133.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard A. Galanti sold 2,730 shares of the stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $325.07, for a total value of $887,441.10. Following the transaction, the chief financial officer now owns 25,415 shares in the company, valued at approximately $8,261,654.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,380 shares of company stock valued at $9,095,879. Company insiders own 0.22% of the company’s stock.

Several hedge funds have recently made changes to their positions in COST. Your Advocates Ltd. LLP purchased a new stake in Costco Wholesale in the 1st quarter worth $28,000. Beutel Goodman & Co Ltd. purchased a new stake in shares of Costco Wholesale during the fourth quarter worth about $29,000. Fortis Advisors LLC raised its position in shares of Costco Wholesale by 98.1% during the 1st quarter. Fortis Advisors LLC now owns 103 shares of the retailer’s stock worth $29,000 after purchasing an additional 51 shares during the last quarter. Key Financial Inc purchased a new position in Costco Wholesale in the 1st quarter valued at about $32,000. Finally, Cox Capital Mgt LLC purchased a new position in Costco Wholesale in the 1st quarter valued at about $34,000. 68.87% of the stock is owned by institutional investors and hedge funds.

About Costco Wholesale

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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Analyst Recommendations for Costco Wholesale (NASDAQ:COST)

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