Costco Wholesale (NASDAQ:COST) Price Target Raised to $1,070.00 at Evercore ISI

Costco Wholesale (NASDAQ:COST) had its target price increased by analysts at Evercore ISI from $1,040.00 to $1,070.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the retailer’s stock. Evercore ISI’s price target indicates a potential upside of 1.93% from the company’s current price.

Several other research analysts also recently issued reports on the stock. Loop Capital upped their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. DA Davidson upped their target price on shares of Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Oppenheimer restated an “outperform” rating and set a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. TD Cowen upped their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Robert W. Baird raised their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,015.44.

Costco Wholesale Stock Performance

COST traded up $6.84 during trading on Thursday, hitting $1,049.72. The stock had a trading volume of 726,056 shares, compared to its average volume of 1,909,396. Costco Wholesale has a 12 month low of $697.27 and a 12 month high of $1,063.00. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The firm has a market cap of $465.97 billion, a PE ratio of 61.59, a P/E/G ratio of 5.84 and a beta of 0.84. The company has a 50 day simple moving average of $958.04 and a 200-day simple moving average of $911.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale during the third quarter worth $29,000. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale in the fourth quarter valued at $33,000. Collier Financial acquired a new position in shares of Costco Wholesale during the 4th quarter worth about $35,000. Barrett & Company Inc. lifted its position in shares of Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after buying an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC bought a new position in Costco Wholesale during the fourth quarter worth $41,000. 68.48% of the stock is currently owned by institutional investors.

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.