Truist research analysts started reporting on stocks of Costco Wholesale (NASDAQ: COST) The Fly reports in a research report released to customers and investors on Thursday. The company has given the retailer a “Buy” rating.
Several other research companies have also published reports on COST. The UBS Group raised its price target for Costco Wholesale shares from USD 590.00 to USD 600.00 and gave the share a “Buy” rating in a research report on Friday, December 10th. DA Davidson raised its price target on Costco Wholesale shares from $ 390.00 to $ 423.00 and rated the company as “neutral” in a report dated Friday, September 24th. Deutsche Bank Aktiengesellschaft raised its price target for Costco Wholesale shares from US $ 472.00 to US $ 482.00 and gave the stock a “Hold” rating in a research report on Friday, December 10th. Argus raised its target price on Costco Wholesale stock from $ 515.00 to $ 610.00 and gave the company a “Buy” rating on a research note on Tuesday, December 14th. Finally, Stifel Nicolaus raised his price target for Costco Wholesale shares from USD 550.00 to USD 555.00 and rated the shares as “Buy” in a research report on Friday, December 10th. Six research analysts for stocks have given the stock a hold rating and 24 a buy rating. According to data from MarketBeat.com, Costco Wholesale currently has an average rating of “Buy” and an average price target of $ 544.93.
Costco Wholesale stock opened Thursday at $ 525.80. The 50-day moving average price for the stock is $ 539.67 and the 200-day moving average price is $ 478.28. Costco Wholesale has an annual low of $ 307.00 and an annual high of $ 571.49. The company has a market capitalization of $ 233.16 billion, a P / E of 45.21, a price to earnings-to-growth ratio of 4.71, and a beta of 0.64. The company has a debt of 0.35, a quick ratio of 0.51 and a current ratio of 1.02.
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Costco Wholesale (NASDAQ: COST) last released its quarterly results on Thursday, December 9th. The retailer reported earnings per share of $ 2.98 for the quarter, beating Zacks’ consensus estimate of $ 2.59 by $ 0.39. The company had revenue of $ 49.42 billion for the quarter, compared to the consensus estimate of $ 49.75 billion. Costco Wholesale had a return on equity of 29.77% and a net margin of 2.54%. The company’s quarterly revenue increased 14.4% year over year. In the same period last year, the company generated $ 2.29 EPS. On average, analysts forecast that Costco Wholesale will achieve earnings per share of 12.62 for the current fiscal year.
In related news, director Mary Agnes Wilderotter bought 925 shares in the company in a transaction that occurred on Tuesday, December 21. The shares were purchased at an average price of $ 540.13 per share for a total transaction of $ 499,620.25. The transaction was announced in a legal filing with the SEC, which can be accessed on the SEC website. In addition, VP James P. Murphy sold 5,000 shares in the company in one transaction on Monday, December 13th. The shares were sold at an average price of $ 559.32 for a total transaction of $ 2,796,600. The disclosure for this sale can be found here. Insiders sold a total of 11,218 shares in the company for $ 6,249,652 in the past 90 days. 0.22% of the shares are currently owned by insiders.
A number of hedge funds have recently changed their positions in the business. Magnus Financial Group LLC increased its stake in Costco Wholesale by 3.3% in the 3rd quarter. Magnus Financial Group LLC now owns 631 shares in the retailer valued at $ 283,000 after purchasing an additional 20 shares last quarter. Cranbrook Wealth Management LLC increased its stake in Costco Wholesale by 24.4% in the third quarter. Cranbrook Wealth Management LLC now owns 102 shares in the retailer valued at $ 46,000 after buying an additional 20 shares last quarter. Cordasco Financial Network increased its stake in Costco Wholesale by 23.8% in the third quarter. Cordasco Financial Network now owns 104 shares in the retailer valued at $ 47,000 after purchasing an additional 20 shares last quarter. Forte Capital LLC ADV increased its stake in Costco Wholesale by 0.6% in the 3rd quarter. Forte Capital LLC ADV now owns 3,598 shares in the retailer valued at $ 1,617,000 after buying an additional 21 shares last quarter. Finally, Midwest Professional Planners LTD. increased its stake in Costco Wholesale by 0.8% in the 3rd quarter. Midwest Professional Planners LTD. now owns 2,549 shares in the retailer valued at $ 1,146,000 after purchasing an additional 21 shares last quarter. Institutional investors and hedge funds own 66.26% of the company’s stock.
Costco Wholesale company profile
Costco Wholesale Corp. deals with the operation of warehouses for members. The company’s product categories include groceries and sundries, hardlines, fresh groceries, softlines and accessories. It operates in the following segments: US Business, Canadian Business, and Other International Business.
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