Analysts Set Costco Wholesale Corporation (NASDAQ:COST) Price Target at $1,037.48

Costco Wholesale Corporation (NASDAQ:COST) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-eight research firms that are presently covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation and nineteen have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $1,037.48.

A number of equities research analysts recently weighed in on the company. Truist Financial raised their price target on Costco Wholesale from $995.00 to $1,042.00 and gave the company a “hold” rating in a report on Friday, May 30th. Loop Capital lowered their target price on Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating for the company in a research note on Thursday, May 29th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a report on Thursday, July 10th. Morgan Stanley upped their price target on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an “overweight” rating in a research report on Friday, May 30th. Finally, Cfra Research upgraded shares of Costco Wholesale from a “hold” rating to a “moderate buy” rating in a research report on Friday, April 4th.

Insider Activity at Costco Wholesale

In related news, EVP Patrick J. Callans sold 3,000 shares of the company’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $1,002.77, for a total value of $3,008,310.00. Following the completion of the sale, the executive vice president owned 58,543 shares in the company, valued at $58,705,164.11. This represents a 4.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Susan L. Decker sold 547 shares of the firm’s stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total value of $536,060.00. Following the sale, the director directly owned 11,531 shares in the company, valued at $11,300,380. The trade was a 4.53% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,547 shares of company stock valued at $13,396,790. 0.18% of the stock is owned by corporate insiders.

Institutional Trading of Costco Wholesale

A number of large investors have recently bought and sold shares of COST. Bulwark Capital Corp bought a new position in shares of Costco Wholesale during the 2nd quarter worth approximately $25,000. Investment Management Corp VA ADV bought a new position in Costco Wholesale in the fourth quarter valued at $25,000. Anderson Financial Strategies LLC grew its position in Costco Wholesale by 900.0% in the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after purchasing an additional 36 shares in the last quarter. eCIO Inc. acquired a new stake in Costco Wholesale in the 1st quarter valued at $48,000. Finally, Clear Investment Research LLC lifted its position in Costco Wholesale by 22.2% during the 4th quarter. Clear Investment Research LLC now owns 55 shares of the retailer’s stock worth $51,000 after buying an additional 10 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Down 1.3%

COST opened at $967.68 on Friday. The firm has a market cap of $429.15 billion, a price-to-earnings ratio of 54.89, a PEG ratio of 6.10 and a beta of 0.97. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02. The firm’s 50-day simple moving average is $1,002.24 and its 200-day simple moving average is $982.43. Costco Wholesale has a twelve month low of $793.00 and a twelve month high of $1,078.24.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.04. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The firm had revenue of $63.21 billion for the quarter, compared to analysts’ expectations of $62.93 billion. During the same period in the prior year, the firm earned $3.78 earnings per share. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. Equities research analysts anticipate that Costco Wholesale will post 18.03 EPS for the current fiscal year.

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.