Roth Mkm Increases Costco Wholesale (NASDAQ:COST) Price Target to $755.00

Costco Wholesale (NASDAQ:COST) had its price target hoisted by stock analysts at Roth Mkm from $676.00 to $755.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the retailer’s stock. Roth Mkm’s price target indicates a potential downside of 14.75% from the company’s previous close.

Other equities analysts have also issued research reports about the company. DA Davidson reiterated a “neutral” rating and set a $780.00 price objective on shares of Costco Wholesale in a research note on Friday, September 6th. Tigress Financial boosted their price target on Costco Wholesale from $870.00 to $975.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Barclays raised their price objective on shares of Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a research note on Friday. Redburn Atlantic cut shares of Costco Wholesale from a “buy” rating to a “neutral” rating and boosted their target price for the company from $860.00 to $890.00 in a research note on Tuesday, September 10th. Finally, Stifel Nicolaus raised their price target on shares of Costco Wholesale from $915.00 to $925.00 and gave the company a “buy” rating in a research report on Friday. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average price target of $881.19.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $885.62 on Friday. Costco Wholesale has a twelve month low of $540.23 and a twelve month high of $923.83. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. The company has a market cap of $392.62 billion, a PE ratio of 54.87, a price-to-earnings-growth ratio of 5.47 and a beta of 0.80. The company’s 50 day moving average is $870.67 and its 200 day moving average is $816.70.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The firm had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. During the same quarter in the prior year, the business earned $4.86 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, sell-side analysts forecast that Costco Wholesale will post 16.02 EPS for the current year.

Insider Transactions at Costco Wholesale

In other news, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the transaction, the director now directly owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total transaction of $431,940.00. Following the transaction, the executive vice president now owns 23,800 shares in the company, valued at $20,560,344. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the transaction, the director now directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. The disclosure for this sale can be found here. Insiders sold 4,974 shares of company stock valued at $4,252,856 over the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of COST. Frank Rimerman Advisors LLC acquired a new stake in Costco Wholesale during the fourth quarter worth about $26,000. Redmont Wealth Advisors LLC acquired a new position in Costco Wholesale in the 1st quarter valued at about $32,000. Vima LLC purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $34,000. Financial Connections Group Inc. increased its holdings in shares of Costco Wholesale by 557.1% during the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after buying an additional 39 shares during the last quarter. Finally, Bank & Trust Co purchased a new stake in shares of Costco Wholesale during the 2nd quarter valued at approximately $48,000. 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.