Costco Wholesale (NASDAQ:COST) had its rating reaffirmed by BMO Capital Markets

Costco Wholesale (NASDAQ:COST – Get a Free Report)Its stock had an “outperform” rating reaffirmed by equities researchers at BMO Capital Markets in a research note issued to investors on Friday, Benzinga reports. They currently have a $980.00 price objective on the retailer’s stock, up from their previous price objective of $950.00. BMO Capital Markets’ price target indicates a potential upside of 11.36% from the company’s current price.

A number of other research firms recently issued reports on COST. Tigress Financial boosted their price objective on shares of Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Gordon Haskett upgraded shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price for the company in a report on Thursday, August 8th. TD Cowen boosted their price objective on Costco Wholesale from $850.00 to $925.00 and gave the company a “buy” rating in a report on Friday, July 12th. Bank of America boosted their price target on Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Finally, Barclays lifted their price target on Costco Wholesale from $765.00 to $830.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $862.85.

Read our latest analysis on COST

Costco Wholesale Price Performance

Shares of COST traded down $21.44 during midday trading on Friday, hitting $880.00. The company’s stock had a trading volume of 668,203 shares, compared to its average volume of 1,954,312. The company has a quick ratio of 0.45, a current ratio of 0.94, and a debt-to-equity ratio of 0.27. Costco Wholesale has a one year low of $540.23 and a one year high of $923.83. The stock has a market cap of $390.13 billion, a price-to-earnings ratio of 54.31, a price-to-earnings-growth ratio of 5.57 and a beta of 0.80. The company has a fifty day simple moving average of $869.72 and a two hundred day simple moving average of $814.95.

Costco Wholesale (NASDAQ:COST – Get Your Free Report ) last issued its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. The firm had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The company’s revenue for the quarter was up 1.0% year over year. In the same quarter last year, the business posted earnings per share of $4.86. As a group, equities analysts expect that Costco Wholesale will post 16.01 earnings per share for the current fiscal year.

Indoor activity

In related news, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the sale, the director now directly owns 5,920 shares of the company’s stock, valued at approximately $5,041,057.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this link. In other news, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total transaction of $431,940.00. Following the completion of the transaction, the executive vice president now directly owns 23,800 shares in the company, valued at $20,560,344. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this link. Also, Director Kenneth D. Denman sold 350 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the completion of the sale, the director now owns 5,920 shares in the company, valued at approximately $5,041,057.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,974 shares of company stock worth $4,252,856. Company insiders own 0.18% of the company’s shares.

Institutional trading of Costco Wholesale

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Costco Wholesale by 1.2% in the first quarter. Vanguard Group Inc. now owns 40,833,870 shares of the retailer’s stock valued at $29,916,118,000 after buying an additional 473,702 shares in the last quarter. Capital World Investors boosted its holdings in shares of Costco Wholesale by 8.1% in the first quarter. Capital World Investors now owns 3,824,778 shares of the retailer’s stock valued at $2,802,147,000 after buying an additional 285,533 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Costco Wholesale by 2.5% during the second quarter. Legal & General Group Plc now owns 3,650,562 shares of the retailer’s stock valued at $3,102,941,000 after purchasing an additional 88,550 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Costco Wholesale by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 2,790,935 shares of the retailer’s stock worth $1,842,241,000 after buying an additional 81,853 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Costco Wholesale by 28.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,538,078 shares of the retailer’s stock worth $1,307,363,000 after purchasing an additional 338,780 shares in the last quarter. 68.48% of shares are held by institutional investors.

Costco Wholesale Company Profile

(Get a free report)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of member 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 wide range of merchandise categories.

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