Costco Wholesale (NASDAQ:COST) had its price objective boosted by UBS Group from $280.00 to $335.00 in a research note released on Monday morning, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the retailer’s stock.
A number of other equities research analysts also recently weighed in on the company. Morgan Stanley raised their price objective on Costco Wholesale from $220.00 to $230.00 and gave the company an equal weight rating in a research report on Monday, June 3rd. Wells Fargo & Co raised their price objective on Costco Wholesale from $240.00 to $290.00 and gave the company a market perform rating in a research report on Friday, September 6th. Oppenheimer raised their price objective on Costco Wholesale from $270.00 to $295.00 in a research report on Wednesday, July 10th. Guggenheim reaffirmed a hold rating on shares of Costco Wholesale in a research report on Friday, September 6th. Finally, Royal Bank of Canada set a $321.00 price objective on Costco Wholesale and gave the company a buy rating in a research report on Friday, September 6th. Nine equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $283.72.
COST opened at $289.89 on Monday. Costco Wholesale has a 12-month low of $189.51 and a 12-month high of $307.34. The company has a current ratio of 0.98, a quick ratio of 0.48 and a debt-to-equity ratio of 0.32. The business’s fifty day simple moving average is $281.96 and its 200-day simple moving average is $256.87. The company has a market capitalization of $131.50 billion, a price-to-earnings ratio of 42.44, a PEG ratio of 3.96 and a beta of 0.93.
In other Costco Wholesale news, Director Susan L. Decker sold 1,646 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $268.25, for a total value of $441,539.50. Following the completion of the sale, the director now directly owns 41,803 shares in the company, valued at $11,213,654.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Roland Michael Vachris sold 3,700 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $267.25, for a total value of $988,825.00. Following the completion of the sale, the vice president now owns 13,578 shares of the company’s stock, valued at $3,628,720.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,346 shares of company stock valued at $4,888,035. 0.21% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Krane Funds Advisors LLC purchased a new position in shares of Costco Wholesale in the second quarter worth about $26,000. Massey Quick Simon & CO. LLC purchased a new position in shares of Costco Wholesale in the second quarter worth about $27,000. Thor Advisors LLC purchased a new position in shares of Costco Wholesale in the first quarter worth about $35,000. Princeton Global Asset Management LLC raised its stake in shares of Costco Wholesale by 88.6% in the second quarter. Princeton Global Asset Management LLC now owns 132 shares of the retailer’s stock worth $35,000 after purchasing an additional 62 shares during the last quarter. Finally, JNBA Financial Advisors raised its stake in shares of Costco Wholesale by 484.6% in the first quarter. JNBA Financial Advisors now owns 152 shares of the retailer’s stock worth $37,000 after purchasing an additional 126 shares during the last quarter. Institutional investors own 71.14% of the company’s stock.
Costco Wholesale Company Profile
Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.
Further Reading: What does a market perform rating mean?
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