DA Davidson Boosts Costco Wholesale (NASDAQ:COST) Price Target to $1,000.00

Costco Wholesale (NASDAQ:COST) had its price target upped by research analysts at DA Davidson from $900.00 to $1,000.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the retailer’s stock. DA Davidson’s price target points to a potential downside of 4.52% from the company’s current price.

A number of other research firms have also recently issued reports on COST. Jefferies Financial Group raised their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Raymond James raised their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Tigress Financial reaffirmed a “buy” rating and set a $1,065.00 price target on shares of Costco Wholesale in a research report on Thursday, October 17th. Truist Financial raised their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Finally, Citigroup raised their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Performance

Shares of NASDAQ COST traded up $4.44 during mid-day trading on Thursday, reaching $1,047.32. 1,280,325 shares of the company were exchanged, compared to its average volume of 1,936,747. The company’s 50-day simple moving average is $958.04 and its 200-day simple moving average is $911.67. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $464.90 billion, a P/E ratio of 61.47, a P/E/G ratio of 5.84 and a beta of 0.84. Costco Wholesale has a twelve month low of $697.27 and a twelve month high of $1,063.00.

Institutional Investors Weigh In On Costco Wholesale

Hedge funds have recently added to or reduced their stakes in the business. Mainstream Capital Management LLC lifted its position in shares of Costco Wholesale by 0.7% in the 4th quarter. Mainstream Capital Management LLC now owns 2,176 shares of the retailer’s stock worth $1,994,000 after purchasing an additional 15 shares during the period. Ring Mountain Capital LLC acquired a new position in shares of Costco Wholesale in the 4th quarter worth approximately $330,000. Kapstone Financial Advisors LLC acquired a new position in shares of Costco Wholesale in the 4th quarter worth approximately $1,047,000. AMJ Financial Wealth Management lifted its position in shares of Costco Wholesale by 2.6% in the 4th quarter. AMJ Financial Wealth Management now owns 10,536 shares of the retailer’s stock worth $9,654,000 after purchasing an additional 270 shares during the period. Finally, Commerzbank Aktiengesellschaft FI lifted its position in shares of Costco Wholesale by 16.6% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 7,065 shares of the retailer’s stock worth $6,473,000 after purchasing an additional 1,008 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

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.