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

Costco Wholesale (NASDAQ:COST)‘s stock had its “outperform” rating restated by Telsey Advisory Group in a research report issued on Monday,Benzinga reports. They presently have a $1,100.00 price target on the retailer’s stock. Telsey Advisory Group’s price target would suggest a potential upside of 8.86% from the stock’s previous close.

A number of other research analysts also recently commented on the company. DA Davidson increased their price objective on Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a report on Thursday, February 6th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Costco Wholesale in a research note on Friday, March 7th. Loop Capital reduced their price objective on shares of Costco Wholesale from $1,150.00 to $1,045.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Barclays increased their target price on shares of Costco Wholesale from $940.00 to $980.00 and gave the company an “equal weight” rating in a research report on Monday, March 10th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Ten analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $1,024.03.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $1,010.50 on Monday. The business has a 50-day simple moving average of $960.88 and a 200-day simple moving average of $961.18. The company has a market cap of $448.34 billion, a PE ratio of 59.34, a P/E/G ratio of 6.15 and a beta of 1.00. Costco Wholesale has a one year low of $755.57 and a one year high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). The firm had revenue of $63.72 billion during the quarter, compared to analysts’ expectations of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. On average, equities research analysts forecast that Costco Wholesale will post 18.03 EPS for the current fiscal year.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP James C. Klauer sold 4,000 shares of the company’s stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $981.07, for a total transaction of $3,924,280.00. Following the transaction, the executive vice president now directly owns 43,994 shares in the company, valued at approximately $43,161,193.58. This represents a 8.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the completion of the transaction, the chief executive officer now directly owns 41,077 shares of the company’s stock, valued at approximately $38,242,687. This trade represents a 8.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,600 shares of company stock valued at $9,140,195 in the last ninety days. 0.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Investment Management Corp VA ADV purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at about $25,000. Synergy Investment Management LLC purchased a new stake in Costco Wholesale in the 4th quarter valued at approximately $31,000. NewSquare Capital LLC grew its holdings in Costco Wholesale by 250.0% during the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after buying an additional 25 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new stake in Costco Wholesale during the 4th quarter valued at $33,000. Finally, Collier Financial purchased a new position in Costco Wholesale during the fourth quarter worth $35,000. Hedge funds and other 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.