Costco Wholesale (NASDAQ:COST) Price Target Raised to $1,095.00 at Loop Capital

Costco Wholesale (NASDAQ:COST) had its price target hoisted by stock analysts at Loop Capital from $1,005.00 to $1,095.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the retailer’s stock. Loop Capital’s price objective suggests a potential upside of 11.62% from the company’s previous close.

A number of other equities analysts also recently weighed in on the company. The Goldman Sachs Group increased their price target on shares of Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Roth Mkm upped their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday. Telsey Advisory Group reissued an “outperform” rating and set a $1,050.00 target price on shares of Costco Wholesale in a research note on Friday. Morgan Stanley upped their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Raymond James boosted their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday. Ten equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average price target of $976.43.

Costco Wholesale Stock Down 0.7 %

COST stock opened at $981.01 on Friday. The company’s 50 day simple moving average is $924.72 and its 200-day simple moving average is $883.45. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. Costco Wholesale has a 52-week low of $630.30 and a 52-week high of $1,007.80. The firm has a market capitalization of $434.66 billion, a P/E ratio of 59.65, a P/E/G ratio of 6.05 and a beta of 0.82.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, beating analysts’ consensus estimates of $5.05 by $0.10. The business had revenue of $79.70 billion for the quarter, compared to the consensus estimate of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. Costco Wholesale’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.86 earnings per share. As a group, equities research analysts anticipate that Costco Wholesale will post 17.77 EPS for the current year.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at $24,514,232. This trade represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Pierre Riel sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total value of $1,793,420.00. Following the completion of the transaction, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at approximately $9,155,409.10. This trade represents a 16.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,016 shares of company stock valued at $9,826,115 in the last 90 days. 0.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Costco Wholesale

A number of institutional investors have recently bought and sold shares of COST. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter valued at approximately $29,000. Financial Connections Group Inc. boosted its stake in Costco Wholesale by 557.1% in the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after buying an additional 39 shares in the last quarter. Summit Securities Group LLC bought a new stake in Costco Wholesale in the second quarter valued at $50,000. Fairway Wealth LLC raised its stake in Costco Wholesale by 230.0% during the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after acquiring an additional 46 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Costco Wholesale during the third quarter valued at $58,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

About Costco Wholesale

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.