BMO Capital Markets Increases Costco Wholesale (NASDAQ:COST) Price Target to $1,315.00

Costco Wholesale (NASDAQ:COSTGet Free Report) had its target price raised by research analysts at BMO Capital Markets from $1,175.00 to $1,315.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the retailer’s stock. BMO Capital Markets’ price objective indicates a potential upside of 31.75% from the stock’s previous close.

COST has been the topic of a number of other reports. Rothschild & Co Redburn upped their target price on shares of Costco Wholesale from $890.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. Oppenheimer lifted their price target on shares of Costco Wholesale from $1,050.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Telsey Advisory Group boosted their price target on Costco Wholesale from $1,100.00 to $1,125.00 and gave the company an “outperform” rating in a report on Friday. Guggenheim reissued a “neutral” rating on shares of Costco Wholesale in a research note on Monday, December 22nd. Finally, Hovde Group assumed coverage on Costco Wholesale in a report on Tuesday, November 18th. They set a “market perform” rating and a $16.00 price objective on the stock. Twenty-two analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and an average target price of $1,035.35.

Check Out Our Latest Analysis on Costco Wholesale

Costco Wholesale Stock Up 1.6%

Shares of 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. Costco Wholesale has a 12-month low of $844.06 and a 12-month high of $1,067.08. The company has a current ratio of 1.04, a quick ratio of 0.53 and a debt-to-equity ratio of 0.19. The firm has a fifty day moving average price of $961.64 and a 200-day moving average price of $935.74.

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

Insider Buying and Selling at Costco Wholesale

In other news, Director Susan L. Decker sold 458 shares of Costco Wholesale stock in a transaction on Friday, January 16th. The stock was sold at an average price of $955.00, for a total value of $437,390.00. Following the transaction, the director directly owned 8,532 shares in the company, valued at approximately $8,148,060. This trade represents a 5.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP James C. Klauer sold 1,500 shares of the business’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $939.00, for a total value of $1,408,500.00. Following the completion of the transaction, the executive vice president directly owned 44,837 shares of the company’s stock, valued at approximately $42,101,943. The trade was a 3.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 6,915 shares of company stock worth $6,317,097. 0.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Costco Wholesale

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