Costco Wholesale (NASDAQ:COST) Given New $1,000.00 Price Target at Rothschild & Co Redburn

Costco Wholesale (NASDAQ:COSTFree Report) had its target price lifted by Rothschild & Co Redburn from $890.00 to $1,000.00 in a research report released on Tuesday morning,MarketScreener reports. They currently have a neutral rating on the retailer’s stock.

COST has been the topic of a number of other research reports. Daiwa Securities Group reduced their price target on Costco Wholesale from $947.00 to $917.00 and set a “neutral” rating on the stock in a report on Tuesday, December 16th. Evercore lifted their price objective on Costco Wholesale from $1,025.00 to $1,050.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 10th. JPMorgan Chase & Co. boosted their target price on 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. Guggenheim restated a “neutral” rating on shares of Costco Wholesale in a report on Monday, December 22nd. Finally, HSBC dropped their price target on Costco Wholesale from $1,060.00 to $1,045.00 and set a “hold” rating for the company in a research note on Friday, December 12th. Twenty-one investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,008.07.

Get Our Latest Stock Report on COST

Costco Wholesale Stock Down 0.6%

Shares of NASDAQ COST opened at $1,012.05 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 1.04 and a debt-to-equity ratio of 0.19. Costco Wholesale has a 52 week low of $844.06 and a 52 week high of $1,071.00. The firm’s fifty day moving average is $928.05 and its 200 day moving average is $933.51. The company has a market cap of $449.22 billion, a price-to-earnings ratio of 54.21, a PEG ratio of 5.37 and a beta of 1.01.

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 net margin of 2.96% and a return on equity of 29.35%. The business had revenue of $67.31 billion during the quarter, compared to analysts’ expectations of $67.03 billion. During the same quarter in the prior year, the company posted $4.04 EPS. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, equities research analysts expect that Costco Wholesale will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a $5.20 annualized dividend and a yield of 0.5%. Costco Wholesale’s payout ratio is presently 27.85%.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Russell D. Miller sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $916.32, for a total value of $1,374,480.00. Following the sale, the executive vice president owned 8,240 shares in the company, valued at $7,550,476.80. This represents a 15.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Javier Polit sold 2,049 shares of Costco Wholesale stock in a transaction 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 transaction, the executive vice president owned 10,748 shares of the company’s stock, valued at $9,320,773.08. The trade was a 16.01% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 6,915 shares of company stock valued at $6,317,097. 0.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Costco Wholesale

A number of institutional investors have recently modified their holdings of COST. Norges Bank purchased a new position in Costco Wholesale in the fourth quarter worth about $5,195,415,000. Cardano Risk Management B.V. grew its holdings in shares of Costco Wholesale by 907.1% during the fourth quarter. Cardano Risk Management B.V. now owns 1,785,080 shares of the retailer’s stock valued at $1,539,346,000 after buying an additional 1,607,833 shares during the last quarter. Laurel Wealth Advisors LLC increased its position in shares of Costco Wholesale by 96,316.6% during the second quarter. Laurel Wealth Advisors LLC now owns 1,378,758 shares of the retailer’s stock valued at $1,364,888,000 after acquiring an additional 1,377,328 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Costco Wholesale by 1,586.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,137,436 shares of the retailer’s stock worth $980,857,000 after acquiring an additional 1,070,005 shares during the last quarter. Finally, Amundi raised its holdings in Costco Wholesale by 45.0% in the 3rd quarter. Amundi now owns 3,176,606 shares of the retailer’s stock worth $2,893,697,000 after acquiring an additional 986,182 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale News Summary

Here are the key news stories impacting Costco Wholesale this week:

Costco Wholesale Company Profile

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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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