Costco Wholesale (NASDAQ:COST) Earns Outperform Rating from Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Costco Wholesale (NASDAQ:COSTFree Report) in a report published on Monday, Benzinga reports. They currently have a $900.00 price target on the retailer’s stock.

COST has been the subject of several other research reports. Gordon Haskett downgraded shares of Costco Wholesale from a buy rating to an accumulate rating and set a $775.00 price target for the company. in a research report on Wednesday, April 3rd. Evercore ISI upped their price target on shares of Costco Wholesale from $860.00 to $890.00 and gave the company an outperform rating in a research report on Thursday, June 20th. Oppenheimer upped their price target on shares of Costco Wholesale from $850.00 to $905.00 and gave the company an outperform rating in a research report on Thursday, June 6th. Tigress Financial upped their price target on shares of Costco Wholesale from $870.00 to $975.00 and gave the company a buy rating in a research report on Tuesday, June 25th. Finally, Loop Capital upped their price target on shares of Costco Wholesale from $890.00 to $940.00 and gave the company a buy rating in a research report on Friday, June 14th. Seven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $766.73.

View Our Latest Stock Analysis on COST

Costco Wholesale Trading Down 0.3 %

Shares of Costco Wholesale stock opened at $884.31 on Monday. The company has a fifty day simple moving average of $825.62 and a 200-day simple moving average of $751.69. Costco Wholesale has a 12-month low of $526.15 and a 12-month high of $896.67. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. The stock has a market cap of $392.04 billion, a price-to-earnings ratio of 54.79, a PEG ratio of 5.82 and a beta of 0.78.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.08. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The business had revenue of $58.52 billion during the quarter, compared to analysts’ expectations of $58.16 billion. During the same quarter in the prior year, the business posted $3.43 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities analysts forecast that Costco Wholesale will post 15.98 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 26th will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.52%. Costco Wholesale’s dividend payout ratio is currently 28.75%.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total transaction of $567,445.10. Following the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $7,228,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of COST. Norges Bank purchased a new position in shares of Costco Wholesale during the 4th quarter worth about $3,628,694,000. International Assets Investment Management LLC raised its holdings in Costco Wholesale by 61,693.5% in the fourth quarter. International Assets Investment Management LLC now owns 3,105,124 shares of the retailer’s stock valued at $2,049,630,000 after buying an additional 3,100,099 shares during the period. Global Assets Advisory LLC purchased a new position in Costco Wholesale in the first quarter valued at approximately $510,353,000. Public Employees Retirement Association of Colorado raised its holdings in Costco Wholesale by 3,647.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 567,641 shares of the retailer’s stock valued at $374,688,000 after buying an additional 552,492 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Costco Wholesale by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 40,360,168 shares of the retailer’s stock valued at $26,640,940,000 after buying an additional 485,051 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

About Costco Wholesale

(Get Free Report)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.

See Also

Analyst Recommendations for Costco Wholesale (NASDAQ:COST)

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