Costco Wholesale (NASDAQ:COST) Given New $1,050.00 Price Target at JPMorgan Chase & Co.

Costco Wholesale (NASDAQ:COSTFree Report) had its target price hoisted by JPMorgan Chase & Co. from $1,000.00 to $1,050.00 in a report issued on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the retailer’s stock.

Several other research analysts also recently commented on COST. Roth Mkm reissued a “sell” rating on shares of Costco Wholesale in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft set a $1,044.00 price objective on Costco Wholesale in a research note on Thursday, January 8th. TD Cowen restated a “buy” rating on shares of Costco Wholesale in a research note on Friday, December 12th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Costco Wholesale in a report on Friday, December 12th. Finally, Raymond James Financial cut their price objective on Costco Wholesale from $1,070.00 to $1,000.00 and set an “outperform” rating for the company in a report on Friday, December 12th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,007.42.

Check Out Our Latest Analysis on COST

Costco Wholesale Stock Down 0.4%

Shares of NASDAQ COST opened at $997.59 on Monday. The company has a quick ratio of 0.53, a current ratio of 1.04 and a debt-to-equity ratio of 0.19. The company has a market cap of $442.80 billion, a P/E ratio of 53.43, a P/E/G ratio of 5.28 and a beta of 1.01. Costco Wholesale has a 52 week low of $844.06 and a 52 week high of $1,078.23. The business has a 50-day simple moving average of $916.32 and a two-hundred day simple moving average of $930.88.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its quarterly earnings results on Thursday, December 11th. The retailer reported $4.34 earnings per share for the quarter, beating the consensus estimate of $4.27 by $0.07. Costco Wholesale had a return on equity of 29.35% and a net margin of 2.96%.The firm had revenue of $67.31 billion for the quarter, compared to analysts’ expectations of $67.03 billion. The company’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $4.04 earnings per share. Research analysts anticipate that Costco Wholesale will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, January 30th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.85%.

Insider Activity

In other news, EVP Javier Polit sold 2,049 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $867.21, for a total value of $1,776,913.29. Following the completion of the sale, the executive vice president directly owned 10,748 shares in the company, valued at approximately $9,320,773.08. The trade was a 16.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Russell D. Miller sold 1,500 shares of the stock in a transaction on Friday, January 9th. The shares were sold at an average price of $916.32, for a total transaction of $1,374,480.00. Following the transaction, the executive vice president directly owned 8,240 shares in the company, valued at approximately $7,550,476.80. This represents a 15.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 6,915 shares of company stock valued at $6,317,097. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Costco Wholesale

A number of institutional investors have recently added to or reduced their stakes in COST. Peterson Wealth Services lifted its position in Costco Wholesale by 0.5% in the second quarter. Peterson Wealth Services now owns 13,616 shares of the retailer’s stock worth $13,479,000 after buying an additional 72 shares during the last quarter. Silver Oak Securities Incorporated raised its stake in shares of Costco Wholesale by 49.3% in the third quarter. Silver Oak Securities Incorporated now owns 3,780 shares of the retailer’s stock valued at $3,499,000 after acquiring an additional 1,248 shares during the period. Permanent Capital Management LP bought a new stake in shares of Costco Wholesale in the 3rd quarter worth about $874,000. Wealthspire Advisors LLC boosted its stake 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 purchasing an additional 312 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Costco Wholesale by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 43,356,271 shares of the retailer’s stock valued at $42,920,107,000 after purchasing an additional 711,560 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Trending Headlines about Costco Wholesale

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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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Analyst Recommendations for Costco Wholesale (NASDAQ:COST)

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