Costco Wholesale (NASDAQ: COST)Oppenheimer’s stock was re-rated “Buy” in a report released Friday by equity research analysts at Oppenheimer, TipRanks reports. They currently have a target price of $ 500.00 on the retailer’s stock. Oppenheimer’s price target would indicate a potential upside of 8.81% from the stock’s previous closing price. Oppenheimer also put Costco Wholesale‘s earnings estimates at $ 3.55 per share for the fourth quarter of 2021 and at $ 10.72 per share for the 2021 financial year.
A number of other research companies have also recently commented on COST. DA Davidson raised its price target for Costco Wholesale shares from USD 350.00 to USD 390.00 and rated the share as “neutral” in a research release on Thursday, August 5th. Morgan Stanley raised its price target on Costco Wholesale shares from $ 425.00 to $ 500.00 and rated the stock as “overweight” in a report dated Thursday, September 9th. Raymond James raised his price target for Costco Wholesale shares from USD 415.00 to USD 460.00 and rated the share as âoutperformâ in a research report on Thursday, August 5th. Robert W. Baird raised his price target for Costco Wholesale shares from USD 475.00 to USD 500.00 and rated the company as âoutperformâ in a research report on Thursday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft raised its price target on Costco Wholesale shares from $ 364.00 to $ 399.00 and gave the stock a “hold” rating in a report on Thursday, September 2. Eight research analysts for stocks have given the stock a hold rating and fifteen a buy rating. According to MarketBeat, the stock currently has an average “Buy” rating and an average price target of $ 441.32.
COST stock traded around $ 3.80 during Friday’s trading to hit $ 459.51. The company had a trading volume of 3,409,181 shares versus an average volume of 2,265,515. The company has a quick ratio of 0.50, a current ratio of 1.00, and debt of 0.44. Costco Wholesale has a 12-month low of $ 307.00 and a 12-month high of $ 469.77. The company has a 50-day moving average price of $ 441.91 and a 200-day moving average price of $ 394.29. The stock has a market capitalization of $ 203.14 billion, a price to earnings ratio of 43.19, a PEG ratio of 4.35, and a beta of 0.66.
In other Costco Wholesale news, VP Roland Michael Vachris sold 4,000 shares in the company in a transaction on Monday, July 12th. The stock was sold at an average price of $ 409.40 for a total transaction of $ 1,637,600.00. Upon completion of the sale, the Vice President now directly owns 11,602 shares in the company valued at $ 4,749,858.80. The sale was announced in a legal filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. VP Joseph P. Portera also sold 3,287 shares of the stock in a transaction that occurred on Friday, August 13th. The stock sold at an average price of $ 445.50 for a total value of $ 1,464,358.50. The disclosure for this sale can be found here. Insiders sold 11,287 shares in the company for $ 4,686,519 in the past 90 days. 0.22% of the shares are currently owned by company insiders.
Several institutional investors and hedge funds recently changed their positions in COST. Ironwood Wealth Management LLC. increased its stake in Costco Wholesale by 18.2% in the first quarter. Ironwood Wealth Management LLC. now owns 3,283 shares in the retailer valued at $ 1,157,000 after purchasing an additional 506 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Costco Wholesale by 4.8% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 8,727 shares in the retailer valued at $ 3,076,000 after buying an additional 400 shares last quarter. Fifth Third Bancorp increased its stake in Costco Wholesale by 2.1% in the first quarter. Fifth Third Bancorp now owns 152,295 shares in the retailer valued at $ 53,681,000 after buying an additional 3,089 shares last quarter. Schwarz Dygos Wheeler Investment Advisors LLC increased its stake in Costco Wholesale by 0.9% in the first quarter. Black Dygos Wheeler Investment Advisors LLC now owns 8,568 shares in the retailer valued at $ 3,020,000 after buying an additional 76 shares last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Costco Wholesale by 0.4% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 36,482 shares in the retailer valued at $ 12,859,000 after purchasing an additional 159 shares last quarter. 66.96% of the shares are currently owned by institutional investors and hedge funds.
Via Costco Wholesale
Costco Wholesale Corp. deals with the operation of warehouses for members. Product categories include groceries and sundries, hardlines, fresh groceries, softlines, and accessories. It operates in the following segments: USA business, Canadian business and other international businesses. The company was founded by James D.
Suggested Story: What is the Cost of Goods Sold (COGS)?
This instant news alert was generated through narrative science technology and financial data from MarketBeat to provide readers with the fastest, most accurate coverage. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [emailÂ protected]
Should You Invest $ 1,000 In Costco Wholesale Now?
Before you even consider Costco Wholesale, this is what you should hear.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are quietly whispering to their customers to buy now, before the broader market takes hold ... and Costco Wholesale wasn’t on the list.
While Costco Wholesale is currently rated “Buy” by analysts, top-rated analysts think these five stocks are better buys.
Check out the 5 stocks here