Costco Wholesale (NASDAQ:COST) had its price objective hoisted by Telsey Advisory Group from $305.00 to $315.00 in a research report report published on Friday morning, Briefing.com Automated Import reports. They currently have an outperform rating on the retailer’s stock.
A number of other analysts also recently commented on the stock. Evercore ISI reiterated a buy rating on shares of Costco Wholesale in a report on Sunday, August 11th. Zacks Investment Research upgraded shares of Costco Wholesale from a hold rating to a buy rating and set a $272.00 target price on the stock in a report on Tuesday, June 11th. UBS Group boosted their target price on shares of Costco Wholesale from $280.00 to $335.00 and gave the stock a buy rating in a report on Monday, September 9th. BidaskClub downgraded shares of Costco Wholesale from a strong-buy rating to a buy rating in a report on Thursday, September 12th. Finally, Raymond James boosted their target price on shares of Costco Wholesale from $260.00 to $300.00 and gave the stock an outperform rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have given a buy rating to the stock. Costco Wholesale has a consensus rating of Buy and a consensus price target of $293.13.
Shares of NASDAQ COST traded up $2.67 during midday trading on Friday, reaching $291.67. The company’s stock had a trading volume of 4,269,747 shares, compared to its average volume of 2,005,171. 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 company has a 50 day moving average price of $287.59 and a 200 day moving average price of $263.95. Costco Wholesale has a one year low of $189.51 and a one year high of $307.34. The company has a market cap of $128.27 billion, a price-to-earnings ratio of 42.70, a price-to-earnings-growth ratio of 3.68 and a beta of 0.94.
The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.89%. Costco Wholesale’s dividend payout ratio is currently 38.07%.
Hedge funds have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC increased its stake in Costco Wholesale by 40,778.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 4,772,976 shares of the retailer’s stock valued at $1,261,307,000 after buying an additional 4,761,300 shares during the period. Parnassus Investments CA acquired a new position in Costco Wholesale in the 2nd quarter valued at approximately $591,885,000. Thoroughbred Financial Services LLC increased its stake in Costco Wholesale by 31,276.3% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 843,708 shares of the retailer’s stock valued at $84,371,000 after buying an additional 841,019 shares during the period. Nomura Holdings Inc. acquired a new position in Costco Wholesale in the 2nd quarter valued at approximately $159,976,000. Finally, FMR LLC increased its stake in Costco Wholesale by 5.0% in the 1st quarter. FMR LLC now owns 10,924,782 shares of the retailer’s stock valued at $2,645,326,000 after buying an additional 518,843 shares during the period. Institutional investors and hedge funds own 71.08% 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.
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