Costco Wholesale (NASDAQ:COST) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Costco Wholesale (NASDAQ:COSTGet Free Report) had its target price lifted by investment analysts at Raymond James Financial from $1,000.00 to $1,100.00 in a research note issued on Friday, MarketBeat reports. The firm currently has an “outperform” rating on the retailer’s stock. Raymond James Financial’s target price would suggest a potential upside of 10.21% from the company’s previous close.

Other analysts have also issued research reports about the company. Northcoast Research set a $1,100.00 target price on Costco Wholesale and gave the stock a “buy” rating in a report on Wednesday, December 24th. UBS Group restated a “buy” rating on shares of Costco Wholesale in a research note on Friday, December 12th. Guggenheim reaffirmed a “neutral” rating on shares of Costco Wholesale in a research report on Monday, December 22nd. Robert W. Baird set a $1,100.00 price objective on Costco Wholesale in a research note on Thursday, February 5th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Costco Wholesale in a report on Monday, December 29th. Twenty-two research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,035.35.

Get Our Latest Stock Report on COST

Costco Wholesale Stock Up 1.6%

Shares of COST stock opened at $998.10 on Friday. The firm’s fifty day moving average price is $961.64 and its two-hundred day moving average price is $935.74. The company has a current ratio of 1.04, a quick ratio of 0.53 and a debt-to-equity ratio of 0.19. Costco Wholesale has a 1 year low of $844.06 and a 1 year high of $1,067.08. The firm has a market capitalization of $443.03 billion, a P/E ratio of 51.90, a PEG ratio of 4.77 and a beta of 1.01.

Costco Wholesale (NASDAQ:COSTGet Free Report) last posted its quarterly earnings data on Thursday, March 5th. The retailer reported $4.58 EPS for the quarter, topping analysts’ consensus estimates of $4.55 by $0.03. The company had revenue of $69.60 billion during the quarter, compared to the consensus estimate of $68.96 billion. Costco Wholesale had a net margin of 2.99% and a return on equity of 29.37%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the business posted $4.02 EPS. On average, equities analysts predict that Costco Wholesale will post 18.03 EPS for the current fiscal year.

Insider Activity

In other news, EVP Teresa A. Jones sold 850 shares of the firm’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $986.26, for a total transaction of $838,321.00. Following the completion of the sale, the executive vice president owned 4,228 shares in the company, valued at approximately $4,169,907.28. This trade represents a 16.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP James C. Klauer sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $939.00, for a total transaction of $1,408,500.00. Following the sale, the executive vice president owned 44,837 shares of the company’s stock, valued at approximately $42,101,943. This represents a 3.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 6,915 shares of company stock valued at $6,317,097. 0.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of COST. Silver Oak Securities Incorporated increased its holdings in Costco Wholesale by 49.3% in the 3rd quarter. Silver Oak Securities Incorporated now owns 3,780 shares of the retailer’s stock valued at $3,499,000 after buying an additional 1,248 shares during the period. Permanent Capital Management LP bought a new stake in shares of Costco Wholesale during the 3rd quarter worth approximately $874,000. Wealthspire Advisors LLC lifted its holdings in shares of Costco Wholesale by 2.0% during the 2nd quarter. Wealthspire Advisors LLC now owns 15,799 shares of the retailer’s stock worth $15,640,000 after acquiring an additional 312 shares during the period. Vanguard Group Inc. boosted its position in shares of Costco Wholesale by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 43,356,271 shares of the retailer’s stock worth $42,920,107,000 after acquiring an additional 711,560 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in Costco Wholesale by 43.6% in the third quarter. Exchange Traded Concepts LLC now owns 23,444 shares of the retailer’s stock valued at $21,700,000 after acquiring an additional 7,116 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

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About Costco Wholesale

(Get Free Report)

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.

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