Costco Wholesale (NASDAQ:COST) Earns “Outperform” Rating from Telsey Advisory Group

Costco Wholesale (NASDAQ:COSTGet Free Report)‘s stock had its “outperform” rating restated by research analysts at Telsey Advisory Group in a research note issued on Monday, Benzinga reports. They presently have a $900.00 price objective on the retailer’s stock. Telsey Advisory Group’s price objective would indicate a potential upside of 1.48% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Roth Mkm restated a “neutral” rating and issued a $676.00 price target (up previously from $650.00) on shares of Costco Wholesale in a research note on Friday, May 31st. Barclays increased their target price on Costco Wholesale from $700.00 to $765.00 and gave the stock an “equal weight” rating in a research note on Friday, May 31st. Stifel Nicolaus lifted their price target on Costco Wholesale from $850.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Truist Financial increased their price objective on shares of Costco Wholesale from $815.00 to $873.00 and gave the company a “buy” rating in a research report on Friday, May 31st. Finally, TD Cowen lifted their target price on shares of Costco Wholesale from $777.00 to $850.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $766.73.

Check Out Our Latest Stock Report on COST

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $886.85 on Monday. The business has a fifty day simple moving average of $822.38 and a two-hundred day simple moving average of $750.76. The firm has a market capitalization of $393.17 billion, a P/E ratio of 54.95, a P/E/G ratio of 5.85 and a beta of 0.78. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. Costco Wholesale has a 12 month low of $525.06 and a 12 month high of $896.67.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its quarterly earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.08. The company 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% on a year-over-year basis. During the same period last year, the company posted $3.43 EPS. On average, equities analysts forecast that Costco Wholesale will post 15.98 earnings per share for the current fiscal year.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total value of $567,445.10. Following the transaction, the executive vice president now directly owns 10,000 shares in the company, valued at $7,228,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Costco Wholesale

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bedel Financial Consulting Inc. lifted its position in shares of Costco Wholesale by 1.3% during the 1st quarter. Bedel Financial Consulting Inc. now owns 995 shares of the retailer’s stock valued at $729,000 after buying an additional 13 shares in the last quarter. Boltwood Capital Management raised its stake in Costco Wholesale by 1.7% during the 2nd quarter. Boltwood Capital Management now owns 790 shares of the retailer’s stock worth $671,000 after acquiring an additional 13 shares during the period. Arlington Capital Management Inc. lifted its holdings in Costco Wholesale by 1.1% during the first quarter. Arlington Capital Management Inc. now owns 1,295 shares of the retailer’s stock valued at $949,000 after purchasing an additional 14 shares in the last quarter. Enterprise Financial Services Corp boosted its position in shares of Costco Wholesale by 1.6% in the fourth quarter. Enterprise Financial Services Corp now owns 892 shares of the retailer’s stock worth $589,000 after purchasing an additional 14 shares during the period. Finally, Hoxton Planning & Management LLC increased its stake in shares of Costco Wholesale by 0.9% in the first quarter. Hoxton Planning & Management LLC now owns 1,535 shares of the retailer’s stock worth $1,125,000 after purchasing an additional 14 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

About Costco Wholesale

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Costco Wholesale (NASDAQ:COST)

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