Tigress Financial Increases Costco Wholesale (NASDAQ:COST) Price Target to $678.00

Costco Wholesale (NASDAQ:COST – Get Rating) had its price objective hoisted by Tigress Financial from $520.00 to $678.00 in a research report sent to investors on Thursday morning, The Fly reports.

Several other brokerages have also recently weighed in on COST. Loop Capital boosted their price target on shares of Costco Wholesale from $605.00 to $645.00 and gave the company a buy rating in a research report on Thursday, April 7th. The Goldman Sachs Group boosted their price target on shares of Costco Wholesale from $561.00 to $627.00 and gave the company a buy rating in a research report on Thursday, April 7th. Cowen upped their target price on shares of Costco Wholesale from $520.00 to $630.00 and gave the company an outperform rating in a research report on Thursday, January 6th. Citigroup upped their target price on shares of Costco Wholesale from $550.00 to $555.00 in a research report on Thursday, January 6th. Finally, Evercore ISI upped their target price on shares of Costco Wholesale from $605.00 to $610.00 in a research report on Thursday, April 7th. Six investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Costco Wholesale presently has an average rating of Buy and a consensus target price of $573.57.

Costco Wholesale stock opened at $590.39 on Thursday. The company has a fifty day simple moving average of $543.60 and a 200-day simple moving average of $522.25. The company has a quick ratio of 0.51, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $261.67 billion, a price-to-earnings ratio of 47.57, a PEG ratio of 5.00 and a beta of 0.68. Costco Wholesale has a 52-week low of $364.27 and a 52-week high of $612.27.

Costco Wholesale (NASDAQ:COST – Get Rating) last announced its quarterly earnings results on Thursday, March 3rd. The retailer reported $2.92 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.18. The firm had revenue of $51.90 billion for the quarter, compared to analysts’ expectations of $51.51 billion. Costco Wholesale had a net margin of 2.62% and a return on equity of 30.10%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.14 EPS. On average, research analysts anticipate that Costco Wholesale will post 13.01 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 13th. Investors of record on Friday, April 29th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.61%. This is a positive change from Costco Wholesale’s previous quarterly dividend of $0.79. Costco Wholesale’s dividend payout ratio is presently 25.46%.

In other Costco Wholesale news, insider Daniel M. Hines sold 4,498 shares of the stock in a transaction that occurred on Friday, April 8th. The shares were sold at an average price of $603.00, for a total value of $2,712,294.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Claudine Adamo sold 500 shares of the stock in a transaction that occurred on Friday, April 8th. The shares were sold at an average price of $602.03, for a total transaction of $301,015.00. The disclosure for this sale can be found here. Insiders have sold 12,566 shares of company stock worth $7,051,086 over the last 90 days. Insiders own 0.22% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Contravisory Investment Management Inc. acquired a new stake in shares of Costco Wholesale in the first quarter valued at approximately $26,000. Evolution Advisers Inc. acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $28,000. Core Alternative Capital acquired a new stake in shares of Costco Wholesale in the third quarter valued at approximately $25,000. Comprehensive Financial Consultants Institutional Inc. acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $30,000. Finally, Mystic Asset Management Inc. acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $40,000. Institutional investors own 66.74% of the company’s stock.

Costco Wholesale Company Profile (Get Rating)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

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