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

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

Several other analysts have also recently commented on the company. DA Davidson upped their target price on Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Loop Capital increased their price objective on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. UBS Group boosted their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Robert W. Baird lifted their price objective 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. Finally, Citigroup upped their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $1,015.44.

Costco Wholesale Trading Up 0.7 %

COST traded up $6.84 during trading on Thursday, reaching $1,049.72. 726,056 shares of the company’s stock were exchanged, compared to its average volume of 1,909,396. The stock has a market capitalization of $465.97 billion, a PE ratio of 61.59, a price-to-earnings-growth ratio of 5.84 and a beta of 0.84. The firm has a fifty day moving average price of $958.04 and a two-hundred day moving average price of $911.67. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale has a one year low of $697.27 and a one year high of $1,063.00.

Institutional Trading of Costco Wholesale

Institutional investors and hedge funds have recently made changes to their positions in the business. Cromwell Holdings LLC increased its position in shares of Costco Wholesale by 0.9% during the fourth quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock worth $1,048,000 after acquiring an additional 10 shares during the period. 44 Wealth Management LLC increased its holdings in Costco Wholesale by 0.3% during the 4th quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock worth $3,196,000 after purchasing an additional 10 shares during the period. SRN Advisors LLC raised its position in Costco Wholesale by 0.3% during the 4th quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock valued at $2,823,000 after purchasing an additional 10 shares in the last quarter. Fermata Advisors LLC lifted its holdings in shares of Costco Wholesale by 0.6% in the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock worth $1,745,000 after buying an additional 11 shares during the period. Finally, Sculati Wealth Management LLC grew its position in shares of Costco Wholesale by 0.3% during the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after buying an additional 11 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

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.