Costco Wholesale (NASDAQ:COST) Price Target Raised to $915.00

Costco Wholesale (NASDAQ:COST) had its target price hoisted by research analysts at Stifel Nicolaus from $910.00 to $915.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the retailer’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 4.66% from the stock’s current price.

COST has been the subject of a number of other reports. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target for the company in a report on Thursday, August 8th. Evercore ISI raised their price objective on shares of Costco Wholesale from $915.00 to $925.00 and gave the stock an “outperform” rating in a report on Friday. Barclays raised their price objective on shares of Costco Wholesale from $765.00 to $830.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. Wells Fargo & Company raised their price objective on shares of Costco Wholesale from $775.00 to $800.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. Finally, Loop Capital raised their price objective on shares of Costco Wholesale from $940.00 to $970.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Eight analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $828.54.

Costco Wholesale Stock Performance

Costco Wholesale stock traded down $11.71 during mid-day trading on Friday, reaching $874.27. The company had a trading volume of 675,762 shares, compared to its average volume of 1,951,711. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. Costco Wholesale has a 52 week low of $540.23 and a 52 week high of $918.93. The company has a 50 day moving average of $856.92 and a 200-day moving average of $798.62. The firm has a market cap of $387.59 billion, a price-to-earnings ratio of 54.17, a PEG ratio of 5.98 and a beta of 0.80.

Insider Transactions at Costco Wholesale

In related news, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the completion of the transaction, the insider now owns 12,492 shares in the company, valued at $10,545,746.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Kenneth D. Denman sold 350 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $851.53, for a total value of $298,035.50. Following the sale, the director now owns 5,920 shares of the company’s stock, valued at $5,041,057.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the completion of the sale, the insider now directly owns 12,492 shares in the company, valued at approximately $10,545,746.40. The disclosure for this sale can be found here. Insiders sold a total of 4,974 shares of company stock worth $4,252,856 in the last quarter. 0.18% of the stock is owned by company insiders.

Institutional Trading of Costco Wholesale

Institutional investors have recently made changes to their positions in the business. Main Street Financial Solutions LLC lifted its position in shares of Costco Wholesale by 4.7% in the fourth quarter. Main Street Financial Solutions LLC now owns 1,763 shares of the retailer’s stock worth $1,164,000 after purchasing an additional 79 shares in the last quarter. Zhang Financial LLC increased its holdings in Costco Wholesale by 3.8% during the first quarter. Zhang Financial LLC now owns 1,010 shares of the retailer’s stock worth $740,000 after buying an additional 37 shares during the last quarter. Strong Tower Advisory Services increased its holdings in Costco Wholesale by 7.9% during the first quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock worth $1,346,000 after buying an additional 137 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its holdings in Costco Wholesale by 6.2% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 27,902 shares of the retailer’s stock worth $18,418,000 after buying an additional 1,627 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in Costco Wholesale during the fourth quarter worth $3,871,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Company Profile

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.