Costco Wholesale (NASDAQ:COST) Given New $975.00 Price Target at Daiwa Securities Group

Costco Wholesale (NASDAQ:COSTGet Free Report) had its price objective increased by Daiwa Securities Group from $917.00 to $975.00 in a research report issued on Tuesday,MarketScreener reports. The brokerage presently has a “neutral” rating on the retailer’s stock. Daiwa Securities Group’s price objective indicates a potential downside of 2.52% from the company’s previous close.

COST has been the subject of a number of other reports. Oppenheimer lifted their price target on Costco Wholesale from $1,050.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Wells Fargo & Company upped their target price on shares of Costco Wholesale from $900.00 to $950.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. The Goldman Sachs Group reduced their price target on Costco Wholesale from $1,171.00 to $1,088.00 and set a “buy” rating for the company in a research report on Friday. Northcoast Research set a $1,100.00 price objective on Costco Wholesale and gave the stock a “buy” rating in a research note on Wednesday, December 24th. Finally, Gordon Haskett increased their price target on Costco Wholesale from $1,000.00 to $1,100.00 in a report on Tuesday, February 3rd. Twenty-two research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,039.13.

Check Out Our Latest Analysis on Costco Wholesale

Costco Wholesale Stock Performance

COST opened at $1,000.21 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.59. The company has a market capitalization of $443.96 billion, a price-to-earnings ratio of 51.88, a P/E/G ratio of 4.76 and a beta of 1.00. Costco Wholesale has a 1 year low of $844.06 and a 1 year high of $1,067.08. The business’s 50-day moving average price is $964.39 and its two-hundred day moving average price is $935.57.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its quarterly earnings results on Thursday, March 5th. The retailer reported $4.58 earnings per share for the quarter, beating the consensus estimate of $4.55 by $0.03. Costco Wholesale had a return on equity of 28.57% and a net margin of 2.99%.The company had revenue of $69.60 billion during the quarter, compared to analysts’ expectations of $68.96 billion. During the same quarter in the prior year, the firm posted $4.02 earnings per share. The business’s quarterly revenue was up 9.2% on a year-over-year basis. Equities analysts expect that Costco Wholesale will post 18.03 EPS for the current fiscal year.

Insider Activity

In other news, EVP Javier Polit sold 558 shares of the business’s stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $862.89, for a total value of $481,492.62. Following the completion of the sale, the executive vice president directly owned 10,190 shares in the company, valued at approximately $8,792,849.10. The trade was a 5.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Russell D. Miller sold 1,500 shares of Costco Wholesale stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $916.32, for a total value of $1,374,480.00. Following the completion of the sale, the executive vice president owned 8,240 shares of the company’s stock, valued at $7,550,476.80. The trade was a 15.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 6,915 shares of company stock worth $6,317,097. 0.10% of the stock is owned by insiders.

Institutional Trading of Costco Wholesale

Several institutional investors and hedge funds have recently bought and sold shares of COST. Brighton Jones LLC lifted its stake in shares of Costco Wholesale by 12.3% during the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after purchasing an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in Costco Wholesale by 13.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after acquiring an additional 130 shares during the period. Sivia Capital Partners LLC raised its stake in Costco Wholesale by 4.5% in the second quarter. Sivia Capital Partners LLC now owns 3,853 shares of the retailer’s stock valued at $3,814,000 after purchasing an additional 165 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its holdings in Costco Wholesale by 1.1% in 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 during the last quarter. Finally, United Bank increased its holdings in Costco Wholesale by 4.2% in the second quarter. United Bank now owns 5,846 shares of the retailer’s stock worth $5,787,000 after purchasing an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Key Costco Wholesale News

Here are the key news stories impacting Costco Wholesale this week:

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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Analyst Recommendations for Costco Wholesale (NASDAQ:COST)

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