Costco Wholesale’s (COST) Outperform Rating Reiterated at Telsey Advisory Group

Costco Wholesale (NASDAQ:COST)‘s stock had its “outperform” rating restated by equities research analysts at Telsey Advisory Group in a research note issued on Friday,Benzinga reports. They currently have a $1,100.00 target price on the retailer’s stock. Telsey Advisory Group’s price target indicates a potential upside of 20.01% from the stock’s previous close.

Several other analysts also recently issued reports on COST. BMO Capital Markets upped their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Loop Capital upped their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. Melius Research initiated coverage on shares of Costco Wholesale in a report on Monday, September 23rd. They set a “hold” rating and a $950.00 price target for the company. Morgan Stanley upped their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Finally, Citigroup lifted their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Trading Up 0.7 %

Shares of COST opened at $916.58 on Friday. Costco Wholesale has a 1-year low of $640.51 and a 1-year high of $1,008.25. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. The firm has a 50 day simple moving average of $943.38 and a 200-day simple moving average of $896.28. The stock has a market cap of $406.87 billion, a price-to-earnings ratio of 53.82, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the completion of the sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This trade represents a 4.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Russell D. Miller sold 4,400 shares of Costco Wholesale stock in a transaction on Friday, October 11th. The stock was sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the sale, the executive vice president now directly owns 10,202 shares in the company, valued at $9,091,512.30. This trade represents a 30.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,816 shares of company stock valued at $6,981,347 over the last 90 days. 0.18% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bordeaux Wealth Advisors LLC grew its holdings in Costco Wholesale by 58.5% during the 2nd quarter. Bordeaux Wealth Advisors LLC now owns 2,776 shares of the retailer’s stock worth $2,359,000 after acquiring an additional 1,025 shares in the last quarter. Columbia Asset Management grew its stake in Costco Wholesale by 15.3% in the second quarter. Columbia Asset Management now owns 5,125 shares of the retailer’s stock worth $4,357,000 after purchasing an additional 679 shares in the last quarter. Peterson Wealth Management increased its holdings in Costco Wholesale by 0.4% in the second quarter. Peterson Wealth Management now owns 7,260 shares of the retailer’s stock valued at $6,171,000 after buying an additional 31 shares during the last quarter. LGT Financial Advisors LLC raised its stake in Costco Wholesale by 24.7% during the second quarter. LGT Financial Advisors LLC now owns 187 shares of the retailer’s stock valued at $159,000 after buying an additional 37 shares in the last quarter. Finally, Verus Financial Partners Inc. bought a new position in Costco Wholesale during the 2nd quarter worth approximately $290,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

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.