Costco Wholesale (NASDAQ:COST) Given New $1,090.00 Price Target at TD Cowen

Costco Wholesale (NASDAQ:COST) had its price objective boosted by TD Cowen from $975.00 to $1,090.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a buy rating on the retailer’s stock.

A number of other research analysts have also recently commented on the company. Truist Financial increased their target price on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday. Loop Capital increased their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday. Jefferies Financial Group boosted their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Roth Mkm increased their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Raymond James boosted their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday. Ten research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $988.46.

Costco Wholesale Stock Performance

Shares of COST opened at $989.35 on Friday. Costco Wholesale has a 12-month low of $630.30 and a 12-month high of $1,007.80. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The company has a market cap of $438.35 billion, a PE ratio of 59.71, a price-to-earnings-growth ratio of 6.05 and a beta of 0.82. The stock has a 50-day moving average price of $926.84 and a 200-day moving average price of $884.70.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. The business had revenue of $79.70 billion during the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.86 EPS. As a group, equities analysts forecast that Costco Wholesale will post 17.77 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $4.64 annualized dividend and a yield of 0.47%. Costco Wholesale’s payout ratio is 28.00%.

Insiders Place Their Bets

In related news, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the sale, the executive vice president now directly owns 10,210 shares in the company, valued at $9,155,409.10. The trade was a 16.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Russell D. Miller sold 4,400 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $891.15, for a total value of $3,921,060.00. Following the completion of the transaction, the executive vice president now owns 10,202 shares of the company’s stock, valued at approximately $9,091,512.30. This trade represents a 30.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,016 shares of company stock worth $9,826,115. Company insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Costco Wholesale

Hedge funds have recently bought and sold shares of the business. Legacy Wealth Management LLC MS increased its stake in shares of Costco Wholesale by 2.7% during the third quarter. Legacy Wealth Management LLC MS now owns 4,033 shares of the retailer’s stock valued at $3,575,000 after purchasing an additional 106 shares in the last quarter. DGS Capital Management LLC increased its position in Costco Wholesale by 12.8% during the 3rd quarter. DGS Capital Management LLC now owns 756 shares of the retailer’s stock valued at $671,000 after buying an additional 86 shares in the last quarter. FFG Partners LLC raised its stake in Costco Wholesale by 0.5% during the third quarter. FFG Partners LLC now owns 23,814 shares of the retailer’s stock valued at $21,112,000 after buying an additional 129 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new position in Costco Wholesale during the third quarter valued at $9,539,000. Finally, Garde Capital Inc. boosted its holdings in Costco Wholesale by 4.3% in the third quarter. Garde Capital Inc. now owns 3,954 shares of the retailer’s stock worth $3,506,000 after acquiring an additional 162 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

About Costco Wholesale

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.