Costco Wholesale (NASDAQ:COST) PT Raised to $710.00 at Citigroup

Costco Wholesale (NASDAQ:COST) had its price objective boosted by stock analysts at Citigroup from $630.00 to $710.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the retailer’s stock. Citigroup’s price target points to a potential downside of 1.64% from the company’s current price.

Several other analysts have also recently commented on COST. Telsey Advisory Group restated an “outperform” rating and set a $800.00 price target on shares of Costco Wholesale in a report on Thursday, April 11th. Loop Capital reduced their target price on Costco Wholesale from $830.00 to $820.00 and set a “buy” rating for the company in a report on Thursday, April 11th. StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Evercore ISI upped their price target on shares of Costco Wholesale from $795.00 to $805.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Finally, Roth Mkm lifted their price target on Costco Wholesale from $601.00 to $650.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Seven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $694.48.

Costco Wholesale Price Performance

Shares of NASDAQ COST traded up $6.39 during mid-day trading on Tuesday, reaching $721.85. The company had a trading volume of 452,519 shares, compared to its average volume of 2,069,380. The company has a 50-day moving average price of $730.16 and a two-hundred day moving average price of $662.88. The stock has a market cap of $320.14 billion, a PE ratio of 47.21, a P/E/G ratio of 4.73 and a beta of 0.77. The company has a current ratio of 0.93, a quick ratio of 0.43 and a debt-to-equity ratio of 0.28. Costco Wholesale has a 1-year low of $476.75 and a 1-year high of $787.08.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.09. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The company had revenue of $58.44 billion for the quarter, compared to the consensus estimate of $59.11 billion. During the same period in the previous year, the business earned $3.30 EPS. The company’s revenue was up 5.7% on a year-over-year basis. On average, equities analysts anticipate that Costco Wholesale will post 15.84 earnings per share for the current year.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total transaction of $567,445.10. Following the transaction, the executive vice president now owns 10,000 shares of the company’s stock, valued at $7,228,600. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Susan L. Decker sold 1,442 shares of Costco Wholesale stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $723.48, for a total transaction of $1,043,258.16. Following the sale, the director now directly owns 12,395 shares in the company, valued at approximately $8,967,534.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Russell D. Miller sold 785 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total value of $567,445.10. Following the completion of the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $7,228,600. The disclosure for this sale can be found here. Insiders have sold a total of 3,727 shares of company stock worth $2,682,948 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Institutional Trading of Costco Wholesale

Several large investors have recently modified their holdings of COST. Wedge Capital Management L L P NC bought a new position in shares of Costco Wholesale in the third quarter worth approximately $477,000. Impact Partnership Wealth LLC lifted its holdings in shares of Costco Wholesale by 63.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 113 shares of the retailer’s stock worth $64,000 after acquiring an additional 44 shares during the last quarter. Park Place Capital Corp grew its position in Costco Wholesale by 9.8% in the third quarter. Park Place Capital Corp now owns 1,044 shares of the retailer’s stock worth $590,000 after acquiring an additional 93 shares in the last quarter. Inscription Capital LLC increased its stake in Costco Wholesale by 9.6% in the third quarter. Inscription Capital LLC now owns 956 shares of the retailer’s stock valued at $540,000 after acquiring an additional 84 shares during the last quarter. Finally, Kiley Juergens Wealth Management LLC raised its position in Costco Wholesale by 1.8% during the third quarter. Kiley Juergens Wealth Management LLC now owns 33,484 shares of the retailer’s stock valued at $18,917,000 after purchasing an additional 593 shares in the last quarter. Institutional investors and hedge funds 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.