Telsey Advisory Group Forecasts Strong Price Appreciation for Costco Wholesale (NASDAQ:COST) Stock

Costco Wholesale (NASDAQ:COSTGet Free Report) had its target price hoisted by research analysts at Telsey Advisory Group from $1,100.00 to $1,125.00 in a report issued on Friday, Marketbeat.com reports. The firm currently has an “outperform” rating on the retailer’s stock. Telsey Advisory Group’s target price indicates a potential upside of 12.71% from the company’s previous close.

Other research analysts have also issued research reports about the company. Evercore set a $1,100.00 price target on Costco Wholesale in a report on Monday, March 2nd. Raymond James Financial lowered their target price on Costco Wholesale from $1,070.00 to $1,000.00 and set an “outperform” rating on the stock in a research report on Friday, December 12th. Guggenheim reiterated a “neutral” rating on shares of Costco Wholesale in a report on Monday, December 22nd. Jefferies Financial Group reissued a “buy” rating and issued a $1,050.00 price target on shares of Costco Wholesale in a research report on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Costco Wholesale from $1,000.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Twenty-two investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $1,035.35.

Get Our Latest Analysis on COST

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $998.10 on Friday. The firm has a market capitalization of $443.03 billion, a P/E ratio of 51.90, a P/E/G ratio of 4.77 and a beta of 1.01. The firm’s 50-day moving average price is $961.64 and its 200-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.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its earnings results on Thursday, March 5th. The retailer reported $4.58 EPS for the quarter, beating the consensus estimate of $4.55 by $0.03. Costco Wholesale had a return on equity of 29.37% and a net margin of 2.99%.The company had revenue of $69.60 billion during the quarter, compared to the consensus estimate of $68.96 billion. During the same period last year, the business posted $4.02 EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. Equities research analysts anticipate that Costco Wholesale will post 18.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Javier Polit sold 558 shares of the firm’s stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $862.89, for a total transaction of $481,492.62. Following the transaction, the executive vice president directly owned 10,190 shares in the company, valued at approximately $8,792,849.10. This trade represents a 5.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James C. Klauer sold 1,500 shares of Costco Wholesale stock in a transaction on 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 transaction, the executive vice president directly owned 44,837 shares in the company, valued at $42,101,943. This represents a 3.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 6,915 shares of company stock worth $6,317,097 in the last three months. 0.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Costco Wholesale by 12.3% during the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after buying an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Costco Wholesale by 13.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after acquiring an additional 130 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Costco Wholesale by 4.5% in the second quarter. Sivia Capital Partners LLC now owns 3,853 shares of the retailer’s stock valued at $3,814,000 after acquiring an additional 165 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its position in shares of Costco Wholesale by 1.1% during the second quarter. Pinnacle Wealth Planning Services Inc. now owns 2,110 shares of the retailer’s stock valued at $2,089,000 after acquiring an additional 23 shares during the last quarter. Finally, United Bank lifted its holdings in Costco Wholesale by 4.2% during the second quarter. United Bank now owns 5,846 shares of the retailer’s stock worth $5,787,000 after acquiring an additional 235 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

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Costco Wholesale Company Profile

(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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