Costco Wholesale Co. (NASDAQ:COST) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Costco Wholesale Co. (NASDAQ:COSTGet Free Report) have received an average rating of “Moderate Buy” from the twenty-six ratings firms that are presently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and nineteen have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $750.00.

COST has been the topic of several recent research reports. Argus lifted their price target on shares of Costco Wholesale from $805.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Gordon Haskett lowered shares of Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price objective for the company. in a research note on Wednesday, April 3rd. Citigroup boosted their price target on shares of Costco Wholesale from $710.00 to $800.00 and gave the company a “neutral” rating in a report on Friday, May 31st. 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 report on Friday, May 31st. Finally, Evercore ISI lifted their price objective on shares of Costco Wholesale from $845.00 to $860.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st.

Read Our Latest Analysis on Costco Wholesale

Insiders Place Their Bets

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $7,228,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Russell D. Miller sold 785 shares of the company’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total transaction of $567,445.10. Following the completion of the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $7,228,600. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Claudine Adamo sold 1,500 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the sale, the executive vice president now directly owns 6,695 shares of the company’s stock, valued at $4,785,786.85. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Institutional Trading of Costco Wholesale

Several large investors have recently modified their holdings of the company. Railway Pension Investments Ltd boosted its holdings in shares of Costco Wholesale by 85.3% during the 1st quarter. Railway Pension Investments Ltd now owns 111,442 shares of the retailer’s stock worth $81,646,000 after buying an additional 51,300 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in Costco Wholesale by 4.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 284,109 shares of the retailer’s stock valued at $208,689,000 after purchasing an additional 12,276 shares during the period. Tactive Advisors LLC boosted its holdings in Costco Wholesale by 76.8% in the 1st quarter. Tactive Advisors LLC now owns 1,218 shares of the retailer’s stock valued at $892,000 after purchasing an additional 529 shares during the period. Motiv8 Investments LLC boosted its holdings in Costco Wholesale by 17.5% in the 1st quarter. Motiv8 Investments LLC now owns 981 shares of the retailer’s stock valued at $719,000 after purchasing an additional 146 shares during the period. Finally, Pathway Financial Advisers LLC bought a new stake in Costco Wholesale in the 1st quarter valued at $329,000. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Up 0.3 %

Shares of COST stock opened at $845.58 on Friday. Costco Wholesale has a 1 year low of $512.50 and a 1 year high of $850.38. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.43 and a current ratio of 0.94. The business’s fifty day moving average is $760.25 and its 200-day moving average is $712.43. The stock has a market cap of $375.01 billion, a PE ratio of 52.39, a price-to-earnings-growth ratio of 5.52 and a beta of 0.79.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its quarterly earnings results on Thursday, May 30th. The retailer reported $3.78 EPS for the quarter, topping the consensus estimate of $3.70 by $0.08. The firm had revenue of $58.52 billion for 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 for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.43 earnings per share. Equities analysts expect that Costco Wholesale will post 15.97 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, April 26th were given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.55%. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date was Thursday, April 25th. Costco Wholesale’s payout ratio is currently 28.75%.

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.

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Analyst Recommendations for Costco Wholesale (NASDAQ:COST)

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