Costco Wholesale (NASDAQ:COST) Stock Rating Reaffirmed by Telsey Advisory Group

Costco Wholesale (NASDAQ:COST)‘s stock had its “outperform” rating restated by Telsey Advisory Group in a report released on Monday, Benzinga reports. They currently have a $900.00 price target on the retailer’s stock. Telsey Advisory Group’s price objective would indicate a potential upside of 1.48% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Stifel Nicolaus raised their target price on Costco Wholesale from $850.00 to $900.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. TD Cowen lifted their target price on Costco Wholesale from $777.00 to $850.00 and gave the company a “buy” rating in a research report on Friday, May 31st. Loop Capital increased their target price on shares of Costco Wholesale from $890.00 to $940.00 and gave the stock a “buy” rating in a report on Friday, June 14th. DA Davidson reaffirmed a “neutral” rating and set a $680.00 price target on shares of Costco Wholesale in a report on Thursday, April 11th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $875.00 price objective (up previously from $800.00) on shares of Costco Wholesale in a research note on Friday, May 31st. Seven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $766.73.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $886.85 on Monday. The company has a market cap of $393.17 billion, a price-to-earnings ratio of 54.95, a PEG ratio of 5.85 and a beta of 0.78. Costco Wholesale has a fifty-two week low of $525.06 and a fifty-two week high of $896.67. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. The stock has a fifty day moving average price of $822.38 and a 200-day moving average price of $750.76.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.08. The business had revenue of $58.52 billion during the quarter, compared to analysts’ expectations of $58.16 billion. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. Costco Wholesale’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.43 earnings per share. As a group, equities analysts anticipate that Costco Wholesale will post 15.98 EPS for the current fiscal year.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Russell D. Miller sold 785 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total transaction of $567,445.10. Following the completion of the sale, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $7,228,600. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Costco Wholesale

A number of institutional investors and hedge funds have recently made changes to their positions in COST. Grassi Investment Management grew its stake in Costco Wholesale by 1.0% in the second quarter. Grassi Investment Management now owns 4,840 shares of the retailer’s stock valued at $4,114,000 after acquiring an additional 50 shares during the period. Arden Trust Co bought a new position in shares of Costco Wholesale in the 2nd quarter worth $201,000. Park Avenue Securities LLC grew its position in Costco Wholesale by 5.2% in the 2nd quarter. Park Avenue Securities LLC now owns 20,671 shares of the retailer’s stock valued at $17,571,000 after purchasing an additional 1,018 shares during the period. Kingswood Wealth Advisors LLC increased its stake in Costco Wholesale by 40.8% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 8,040 shares of the retailer’s stock valued at $6,834,000 after purchasing an additional 2,328 shares in the last quarter. Finally, Olistico Wealth LLC raised its holdings in Costco Wholesale by 2.2% during the second quarter. Olistico Wealth LLC now owns 1,885 shares of the retailer’s stock worth $1,602,000 after buying an additional 41 shares during the last quarter. 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.