Robert W. Baird Boosts Costco Wholesale (NASDAQ:COST) Price Target to $520.00

Costco Wholesale (NASDAQ:COST) had its price target lifted by equities researchers at Robert W. Baird from $500.00 to $520.00 in a note issued to investors on Friday, The Fly reports. The brokerage presently has an “outperform” rating on the retailer’s stock. Robert W. Baird’s target price would indicate a potential upside of 11.17% from the stock’s current price.

A number of other research firms have also commented on COST. Telsey Advisory Group upped their price objective on shares of Costco Wholesale from $465.00 to $470.00 and gave the company an “outperform” rating in a research note on Thursday, September 2nd. Zacks Investment Research raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $490.00 target price on the stock in a research note on Monday, September 6th. Jefferies Financial Group increased their target price on shares of Costco Wholesale from $500.00 to $525.00 and gave the stock a “buy” rating in a research note on Thursday, September 2nd. Barclays increased their target price on shares of Costco Wholesale from $400.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, May 28th. They noted that the move was a valuation call. Finally, MKM Partners increased their target price on shares of Costco Wholesale from $336.00 to $385.00 and gave the stock a “neutral” rating in a research note on Friday, July 9th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $447.14.

NASDAQ:COST opened at $467.75 on Friday. The firm’s fifty day moving average is $446.49 and its 200-day moving average is $399.55. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.50 and a current ratio of 1.00. Costco Wholesale has a 52 week low of $307.00 and a 52 week high of $469.77. The firm has a market cap of $206.78 billion, a P/E ratio of 43.96, a P/E/G ratio of 4.35 and a beta of 0.66.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Wednesday, September 22nd. The retailer reported $3.90 EPS for the quarter, beating the Zacks’ consensus estimate of $3.57 by $0.33. Costco Wholesale had a net margin of 2.53% and a return on equity of 27.30%. The company had revenue of $61.44 billion for the quarter, compared to analyst estimates of $61.45 billion. During the same period in the prior year, the firm posted $3.13 EPS. The company’s quarterly revenue was up 17.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Costco Wholesale will post 10.64 earnings per share for the current year.

In other Costco Wholesale news, VP Joseph P. Portera sold 3,287 shares of Costco Wholesale stock in a transaction that occurred on Friday, August 13th. The shares were sold at an average price of $445.50, for a total transaction of $1,464,358.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Roland Michael Vachris sold 4,000 shares of Costco Wholesale stock in a transaction that occurred on Monday, July 12th. The shares were sold at an average price of $409.40, for a total transaction of $1,637,600.00. Following the sale, the vice president now owns 11,602 shares of the company’s stock, valued at $4,749,858.80. The disclosure for this sale can be found here. Insiders have sold 11,287 shares of company stock valued at $4,686,519 in the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. Baillie Gifford & Co. purchased a new position in shares of Costco Wholesale during the second quarter worth approximately $31,000. KB Financial Partners LLC purchased a new position in shares of Costco Wholesale during the first quarter worth approximately $35,000. Eubel Brady & Suttman Asset Management Inc. purchased a new position in shares of Costco Wholesale during the second quarter worth approximately $35,000. Sage Financial Management Group Inc. purchased a new position in shares of Costco Wholesale during the first quarter worth approximately $38,000. Finally, West Financial Advisors LLC raised its stake in shares of Costco Wholesale by 100.0% during the second quarter. West Financial Advisors LLC now owns 100 shares of the retailer’s stock worth $40,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 66.96% of the company’s stock.

Costco Wholesale Company Profile

Costco Wholesale Corp. engages in the operation of membership warehouses. Its product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations. The company was founded by James D.

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