Deutsche Bank Aktiengesellschaft Increases Costco Wholesale (NASDAQ:COST) Price Target to $350.00

Costco Wholesale (NASDAQ:COST) had its price target hoisted by research analysts at Deutsche Bank Aktiengesellschaft from $344.00 to $350.00 in a note issued to investors on Thursday, The Fly reports. The firm currently has a “buy” rating on the retailer’s stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential downside of 2.46% from the company’s previous close. The analysts noted that the move was a valuation call.

A number of other equities analysts have also weighed in on the stock. Telsey Advisory Group decreased their price target on shares of Costco Wholesale from $430.00 to $375.00 and set an “outperform” rating on the stock in a report on Friday, March 5th. Wells Fargo & Company upgraded shares of Costco Wholesale from an “equal weight” rating to an “overweight” rating and set a $370.00 target price on the stock in a report on Wednesday, March 17th. Stifel Nicolaus reduced their target price on shares of Costco Wholesale from $395.00 to $370.00 and set a “buy” rating on the stock in a report on Thursday, March 11th. Jefferies Financial Group reduced their target price on shares of Costco Wholesale from $435.00 to $405.00 and set a “buy” rating on the stock in a report on Thursday, March 11th. Finally, BMO Capital Markets lifted their target price on shares of Costco Wholesale from $385.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, December 11th. Eight analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $379.92.

Shares of COST opened at $358.81 on Thursday. The firm has a market cap of $158.79 billion, a PE ratio of 36.84, a price-to-earnings-growth ratio of 4.17 and a beta of 0.66. The company’s fifty day moving average is $338.71 and its two-hundred day moving average is $360.45. Costco Wholesale has a fifty-two week low of $293.84 and a fifty-two week high of $393.15. The company has a quick ratio of 0.53, a current ratio of 0.98 and a debt-to-equity ratio of 0.49.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Wednesday, March 3rd. The retailer reported $2.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.45 by ($0.31). The company had revenue of $44.77 billion during the quarter, compared to analyst estimates of $43.71 billion. Costco Wholesale had a net margin of 2.50% and a return on equity of 24.50%. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.10 EPS. As a group, equities research analysts anticipate that Costco Wholesale will post 9.95 earnings per share for the current year.

In related news, Director Susan L. Decker sold 694 shares of the business’s stock in a transaction dated Wednesday, January 27th. The shares were sold at an average price of $363.35, for a total transaction of $252,164.90. Following the completion of the sale, the director now owns 19,047 shares of the company’s stock, valued at approximately $6,920,727.45. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Paul G. Moulton sold 9,015 shares of the business’s stock in a transaction dated Friday, January 8th. The shares were sold at an average price of $366.50, for a total transaction of $3,303,997.50. Following the sale, the vice president now directly owns 23,049 shares of the company’s stock, valued at approximately $8,447,458.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,208 shares of company stock valued at $5,433,062. Insiders own 0.22% of the company’s stock.

A number of institutional investors have recently bought and sold shares of COST. Charter Oak Capital Management LLC acquired a new position in Costco Wholesale during the 4th quarter valued at about $32,000. Bellwether Advisors LLC acquired a new position in Costco Wholesale during the 4th quarter valued at about $37,000. DB Wealth Management Group LLC acquired a new position in Costco Wholesale during the 4th quarter valued at about $38,000. Key Financial Inc acquired a new position in Costco Wholesale during the 4th quarter valued at about $41,000. Finally, Reby Advisors LLC acquired a new position in Costco Wholesale during the 4th quarter valued at about $43,000. 67.21% of the stock is 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, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

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