Oppenheimer Increases Costco Wholesale (NASDAQ:COST) Price Target to $955.00

Costco Wholesale (NASDAQ:COST) had its price objective boosted by investment analysts at Oppenheimer from $925.00 to $955.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “outperform” rating on the retailer’s stock. Oppenheimer’s price objective would suggest a potential upside of 7.79% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Argus increased their price target on Costco Wholesale from $805.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Robert W. Baird raised their target price on Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, July 11th. Roth Mkm restated a “neutral” rating and issued a $676.00 price target (up previously from $650.00) on shares of Costco Wholesale in a research report on Friday, May 31st. Citigroup raised their price target on Costco Wholesale from $710.00 to $800.00 and gave the company a “neutral” rating in a research report on Friday, May 31st. Finally, Tigress Financial raised their price target on Costco Wholesale from $870.00 to $975.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Eight research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $826.04.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $885.98 on Friday. The company has a market cap of $392.78 billion, a PE ratio of 54.89, a P/E/G ratio of 5.98 and a beta of 0.80. Costco Wholesale has a one year low of $540.18 and a one year high of $918.93. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. The business has a 50-day simple moving average of $856.92 and a 200-day simple moving average of $798.62.

Insider Buying and Selling

In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $874.05, for a total transaction of $437,025.00. Following the sale, the executive vice president now directly owns 22,900 shares in the company, valued at approximately $20,015,745. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the sale, the insider now directly owns 12,492 shares in the company, valued at approximately $10,545,746.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $874.05, for a total value of $437,025.00. Following the completion of the sale, the executive vice president now owns 22,900 shares of the company’s stock, valued at $20,015,745. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,974 shares of company stock valued at $4,252,856. Corporate insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Costco Wholesale

A number of institutional investors have recently made changes to their positions in the company. Frank Rimerman Advisors LLC acquired a new position in Costco Wholesale during the 4th quarter worth $26,000. Redmont Wealth Advisors LLC acquired a new position in Costco Wholesale during the 1st quarter worth $32,000. Financial Connections Group Inc. boosted its position in Costco Wholesale by 557.1% during the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after acquiring an additional 39 shares during the period. Vima LLC acquired a new position in Costco Wholesale during the 4th quarter worth $34,000. Finally, DSM Capital Partners LLC acquired a new position in Costco Wholesale during the 4th quarter worth $36,000. 68.48% of the stock is currently owned by institutional investors.

About Costco Wholesale

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.