Costco Wholesale (NASDAQ:COST) Price Target Raised to $870.00 at Tigress Financial

Costco Wholesale (NASDAQ:COST) had its target price upped by Tigress Financial from $745.00 to $870.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the retailer’s stock. Tigress Financial’s price target would indicate a potential upside of 18.93% from the stock’s current price.

A number of other research firms also recently issued reports on COST. Truist Financial boosted their target price on shares of Costco Wholesale from $693.00 to $741.00 and gave the company a “buy” rating in a report on Thursday, December 21st. Evercore ISI boosted their target price on shares of Costco Wholesale from $640.00 to $650.00 and gave the company an “outperform” rating in a report on Tuesday, December 12th. Wells Fargo & Company boosted their target price on shares of Costco Wholesale from $610.00 to $675.00 and gave the company an “equal weight” rating in a report on Thursday, February 8th. Stifel Nicolaus boosted their target price on shares of Costco Wholesale from $615.00 to $675.00 and gave the company a “buy” rating in a report on Friday, December 15th. Finally, Oppenheimer lifted their price target on shares of Costco Wholesale from $760.00 to $805.00 and gave the company an “outperform” rating in a research report on Tuesday, March 5th. Seven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $668.50.

Costco Wholesale Trading Up 0.8 %

Shares of Costco Wholesale stock traded up $5.91 during mid-day trading on Friday, hitting $731.54. 1,593,976 shares of the stock were exchanged, compared to its average volume of 2,248,562. The stock has a market capitalization of $324.44 billion, a price-to-earnings ratio of 47.84, a price-to-earnings-growth ratio of 5.08 and a beta of 0.77. Costco Wholesale has a twelve month low of $476.75 and a twelve month high of $787.08. The company has a current ratio of 0.93, a quick ratio of 0.43 and a debt-to-equity ratio of 0.28. The company has a 50-day simple moving average of $716.32 and a 200 day simple moving average of $634.01.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.09. The business had revenue of $58.44 billion during the quarter, compared to the consensus estimate of $59.11 billion. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.30 earnings per share. Research analysts forecast that Costco Wholesale will post 15.78 EPS for the current year.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 1,500 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $714.83, for a total value of $1,072,245.00. Following the transaction, the executive vice president now owns 6,695 shares of the company’s stock, valued at $4,785,786.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Costco Wholesale news, EVP Claudine Adamo sold 1,500 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $714.83, for a total value of $1,072,245.00. Following the transaction, the executive vice president now owns 6,695 shares of the company’s stock, valued at $4,785,786.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Caton Frates sold 740 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $683.50, for a total value of $505,790.00. Following the completion of the transaction, the executive vice president now directly owns 6,721 shares in the company, valued at approximately $4,593,803.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,694 shares of company stock valued at $11,493,172. Corporate insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Costco Wholesale

Several institutional investors and hedge funds have recently added to or reduced their stakes in COST. Moneta Group Investment Advisors LLC grew its position in Costco Wholesale by 118,320.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,396,524 shares of the retailer’s stock worth $3,376,513,000 after purchasing an additional 7,390,278 shares in the last quarter. Norges Bank purchased a new position in shares of Costco Wholesale during the 4th quarter valued at $3,628,694,000. International Assets Investment Management LLC grew its holdings in shares of Costco Wholesale by 61,693.5% during the 4th quarter. International Assets Investment Management LLC now owns 3,105,124 shares of the retailer’s stock valued at $2,049,630,000 after acquiring an additional 3,100,099 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of Costco Wholesale by 846.8% during the 2nd quarter. Osaic Holdings Inc. now owns 2,535,938 shares of the retailer’s stock valued at $143,580,000 after acquiring an additional 2,268,107 shares in the last quarter. Finally, Morgan Stanley grew its holdings in shares of Costco Wholesale by 18.0% during the 4th quarter. Morgan Stanley now owns 8,634,627 shares of the retailer’s stock valued at $3,941,708,000 after acquiring an additional 1,315,174 shares in the last quarter. 66.31% of the stock is currently owned by hedge funds and other institutional investors.

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.