Citigroup Increases Costco Wholesale (NASDAQ:COST) Price Target to $545.00

Costco Wholesale (NASDAQ:COSTGet Rating) had its target price upped by analysts at Citigroup from $510.00 to $545.00 in a research note issued on Thursday, The Fly reports. Citigroup’s price target indicates a potential upside of 0.80% from the stock’s current price.

COST has been the topic of several other research reports. Oppenheimer boosted their target price on Costco Wholesale to $525.00 in a research report on Friday, June 3rd. Robert W. Baird cut their target price on Costco Wholesale from $600.00 to $560.00 and set an “outperform” rating on the stock in a research report on Friday, May 27th. Tigress Financial boosted their target price on Costco Wholesale from $520.00 to $678.00 in a research report on Thursday, April 14th. Raymond James cut their price objective on Costco Wholesale from $645.00 to $560.00 in a research report on Tuesday, May 31st. Finally, The Goldman Sachs Group upped their price objective on Costco Wholesale from $561.00 to $627.00 and gave the company a “buy” rating in a research report on Thursday, April 7th. Four research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $576.68.

Costco Wholesale Stock Performance

NASDAQ COST opened at $540.67 on Thursday. The company has a market cap of $239.50 billion, a P/E ratio of 42.57, a P/E/G ratio of 4.53 and a beta of 0.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.48 and a current ratio of 1.04. The business’s 50 day moving average price is $492.92 and its 200-day moving average price is $515.12. Costco Wholesale has a fifty-two week low of $406.51 and a fifty-two week high of $612.27.

Costco Wholesale (NASDAQ:COSTGet Rating) last released its earnings results on Thursday, May 26th. The retailer reported $3.17 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.17. The firm had revenue of $52.60 billion for the quarter, compared to the consensus estimate of $51.49 billion. Costco Wholesale had a return on equity of 29.71% and a net margin of 2.60%. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.75 EPS. Sell-side analysts predict that Costco Wholesale will post 13.05 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Mary Agnes Wilderotter acquired 850 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The stock was purchased at an average cost of $470.74 per share, for a total transaction of $400,129.00. Following the purchase, the director now directly owns 11,295 shares of the company’s stock, valued at approximately $5,317,008.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Kenneth D. Denman sold 300 shares of the company’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $521.68, for a total transaction of $156,504.00. Following the completion of the sale, the director now directly owns 5,197 shares in the company, valued at approximately $2,711,170.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Agnes Wilderotter acquired 850 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The shares were bought at an average price of $470.74 per share, with a total value of $400,129.00. Following the completion of the purchase, the director now directly owns 11,295 shares in the company, valued at $5,317,008.30. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 5,300 shares of company stock worth $2,609,904. 0.22% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Costco Wholesale

Hedge funds have recently made changes to their positions in the stock. Ford Financial Group LLC raised its stake in Costco Wholesale by 2.4% in the first quarter. Ford Financial Group LLC now owns 821 shares of the retailer’s stock valued at $472,000 after buying an additional 19 shares during the last quarter. Fermata Advisors LLC raised its stake in Costco Wholesale by 5.1% in the first quarter. Fermata Advisors LLC now owns 394 shares of the retailer’s stock valued at $227,000 after buying an additional 19 shares during the last quarter. Strategic Investment Advisors MI raised its stake in Costco Wholesale by 1.9% in the first quarter. Strategic Investment Advisors MI now owns 1,026 shares of the retailer’s stock valued at $591,000 after buying an additional 19 shares during the last quarter. Horst & Graben Wealth Management LLC raised its stake in Costco Wholesale by 1.1% in the second quarter. Horst & Graben Wealth Management LLC now owns 1,753 shares of the retailer’s stock valued at $840,000 after buying an additional 19 shares during the last quarter. Finally, Tempus Wealth Planning LLC raised its stake in Costco Wholesale by 1.0% in the fourth quarter. Tempus Wealth Planning LLC now owns 1,962 shares of the retailer’s stock valued at $1,114,000 after buying an additional 20 shares during the last quarter. 67.52% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Company Profile

(Get Rating)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

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