Evercore ISI Forecasts Strong Price Appreciation for Costco Wholesale (NASDAQ:COST) Stock

Costco Wholesale (NASDAQ:COST) had its price objective lifted by analysts at Evercore ISI from $1,050.00 to $1,070.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the retailer’s stock. Evercore ISI’s target price points to a potential upside of 14.57% from the company’s current price.

Other analysts also recently issued research reports about the stock. UBS Group boosted their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Loop Capital reduced their price objective on Costco Wholesale from $1,150.00 to $1,135.00 and set a “buy” rating for the company in a research note on Friday. TD Cowen raised their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. BMO Capital Markets upped their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Monday, March 3rd. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,030.43.

Costco Wholesale Stock Down 0.1 %

Shares of Costco Wholesale stock traded down $0.51 on Tuesday, reaching $933.90. 936,256 shares of the company were exchanged, compared to its average volume of 1,816,414. Costco Wholesale has a 1-year low of $697.27 and a 1-year high of $1,078.24. The stock’s 50 day moving average price is $989.94 and its 200-day moving average price is $944.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The company has a market cap of $414.56 billion, a P/E ratio of 54.94, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). The firm had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. As a group, equities analysts forecast that Costco Wholesale will post 18.03 EPS for the current year.

Institutional Trading of Costco Wholesale

Several hedge funds have recently added to or reduced their stakes in COST. Investment Management Corp VA ADV bought a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale in the 3rd quarter worth $29,000. Synergy Investment Management LLC bought a new position in shares of Costco Wholesale during the 4th quarter worth about $31,000. NewSquare Capital LLC raised its position in shares of Costco Wholesale by 250.0% during the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after buying an additional 25 shares during the last quarter. Finally, Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale in the fourth quarter valued at about $33,000. 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.