Costco Wholesale (NASDAQ:COST – Get Free Report) had its price objective lifted by Truist Financial from $597.00 to $619.00 in a report released on Wednesday, FlyOnTheWall reports. Truist Financial’s price objective would indicate a potential upside of 14.03% from the company’s previous close.
A number of other research firms have also recently weighed in on COST. Stifel Nicolaus reaffirmed a “buy” rating and issued a $575.00 price objective on shares of Costco Wholesale in a report on Thursday, August 31st. Robert W. Baird upped their price target on Costco Wholesale from $535.00 to $550.00 in a report on Friday, July 7th. Oppenheimer raised their price objective on Costco Wholesale from $575.00 to $630.00 and gave the company an “outperform” rating in a report on Tuesday, July 25th. BMO Capital Markets upped their target price on Costco Wholesale from $600.00 to $612.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Evercore ISI increased their target price on Costco Wholesale from $595.00 to $600.00 and gave the company an “outperform” rating in a research report on Friday, September 8th. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus price target of $581.31.
View Our Latest Stock Report on COST
Costco Wholesale Price Performance
NASDAQ:COST opened at $542.85 on Wednesday. The firm’s fifty day moving average is $553.81 and its two-hundred day moving average is $523.76. The firm has a market cap of $240.54 billion, a price-to-earnings ratio of 40.96, a PEG ratio of 4.13 and a beta of 0.79. Costco Wholesale has a one year low of $447.90 and a one year high of $571.16. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.57 and a current ratio of 1.08.
Costco Wholesale (NASDAQ:COST – Get Free Report) last announced its quarterly earnings results on Tuesday, September 26th. The retailer reported $4.86 earnings per share for the quarter, beating the consensus estimate of $4.79 by $0.07. Costco Wholesale had a return on equity of 28.18% and a net margin of 2.55%. The company had revenue of $78.94 billion during the quarter, compared to analysts’ expectations of $77.72 billion. During the same period last year, the business earned $4.20 earnings per share. Costco Wholesale’s quarterly revenue was up 9.5% on a year-over-year basis. Research analysts expect that Costco Wholesale will post 14.38 EPS for the current year.
Institutional Investors Weigh In On Costco Wholesale
A number of hedge funds have recently made changes to their positions in COST. Aspire Private Capital LLC bought a new position in shares of Costco Wholesale in the first quarter worth $20,406,948,000. Mach 1 Financial Group LLC acquired a new stake in shares of Costco Wholesale during the 1st quarter valued at $22,359,000. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Costco Wholesale in the 2nd quarter valued at $31,000. Impact Partnership Wealth LLC acquired a new position in shares of Costco Wholesale in the second quarter worth about $37,000. Finally, Horizon Bancorp Inc. IN acquired a new position in Costco Wholesale in the 2nd quarter worth approximately $38,000. Institutional investors own 66.31% of the company’s stock.
Costco Wholesale Company Profile
(Get Free Report)
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.
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