Costco Wholesale (NASDAQ:COST) PT Raised to $980.00 at Oppenheimer

Costco Wholesale (NASDAQ:COST) had its price objective upped by Oppenheimer from $955.00 to $980.00 in a report released on Thursday morning, MarketBeat.com reports. Oppenheimer currently has an outperform rating on the retailer’s stock.

COST has been the topic of several other research reports. TD Cowen raised their price objective on Costco Wholesale from $925.00 to $975.00 and gave the stock a buy rating in a report on Monday, September 30th. Truist Financial cut Costco Wholesale from a buy rating to a hold rating and set a $873.00 price target for the company. in a report on Tuesday, September 24th. Barclays increased their price objective on shares of Costco Wholesale from $830.00 to $850.00 and gave the stock an equal weight rating in a report on Friday, September 27th. Morgan Stanley boosted their target price on shares of Costco Wholesale from $855.00 to $950.00 and gave the company an overweight rating in a report on Monday, September 9th. Finally, Redburn Atlantic downgraded shares of Costco Wholesale from a buy rating to a neutral rating and increased their price target for the stock from $860.00 to $890.00 in a research note on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale currently has an average rating of Moderate Buy and an average price target of $886.74.

Costco Wholesale Trading Down 0.5 %

Shares of COST stock opened at $889.03 on Thursday. Costco Wholesale has a twelve month low of $540.23 and a twelve month high of $923.83. The company has a market capitalization of $394.14 billion, a price-to-earnings ratio of 55.08, a PEG ratio of 5.53 and a beta of 0.80. The firm has a 50-day moving average price of $882.80 and a 200 day moving average price of $827.34. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.05 by $0.10. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The business had revenue of $79.70 billion for the quarter, compared to the consensus estimate of $79.91 billion. During the same quarter in the prior year, the firm posted $4.86 earnings per share. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. Research analysts forecast that Costco Wholesale will post 17.73 earnings per share for the current fiscal year.

Insider Transactions at Costco Wholesale

In related news, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the sale, the director now directly owns 11,775 shares of the company’s stock, valued at $10,320,787.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $888.99, for a total value of $2,844,768.00. Following the completion of the sale, the executive vice president now directly owns 8,630 shares of the company’s stock, valued at $7,671,983.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Susan L. Decker sold 620 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the transaction, the director now directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,674 shares of company stock valued at $5,831,324. 0.18% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Costco Wholesale

Several large investors have recently added to or reduced their stakes in COST. Redmont Wealth Advisors LLC bought a new position in shares of Costco Wholesale in the 1st quarter worth about $32,000. Vima LLC bought a new position in Costco Wholesale in the fourth quarter worth about $34,000. Financial Connections Group Inc. boosted its stake in Costco Wholesale by 557.1% in the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after acquiring an additional 39 shares during the period. Bank & Trust Co bought a new position in shares of Costco Wholesale during the second quarter valued at approximately $48,000. Finally, Ruedi Wealth Management Inc. raised its position in shares of Costco Wholesale by 73.5% during the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock worth $50,000 after purchasing an additional 25 shares during the period. 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.