Costco Wholesale (NASDAQ:COST) Given New $1,070.00 Price Target at JPMorgan Chase & Co.

Costco Wholesale (NASDAQ:COST) had its target price lifted by analysts at JPMorgan Chase & Co. from $1,065.00 to $1,070.00 in a report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the retailer’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 4.23% from the stock’s previous close.

COST has been the topic of several other reports. Wells Fargo & Company increased their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Stifel Nicolaus increased their price target on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. BMO Capital Markets boosted their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. UBS Group raised their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, DA Davidson boosted their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Ten investment 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.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $1,025.43.

Costco Wholesale Stock Down 2.0 %

NASDAQ COST opened at $1,026.62 on Friday. The stock has a market cap of $455.72 billion, a PE ratio of 60.28, a P/E/G ratio of 6.15 and a beta of 0.84. The stock’s 50 day moving average is $989.20 and its 200 day moving average is $942.33. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale has a 12 month low of $697.27 and a 12 month high of $1,078.24.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). The firm had revenue of $63.72 billion for the quarter, compared to the consensus estimate of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. Research analysts predict that Costco Wholesale will post 18.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Costco Wholesale

Several hedge funds have recently bought and sold shares of COST. Norges Bank bought a new stake in shares of Costco Wholesale during the 4th quarter worth $5,182,316,000. Proficio Capital Partners LLC boosted its position in Costco Wholesale by 74,796.3% during the 4th quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer’s stock valued at $1,394,465,000 after acquiring an additional 1,519,861 shares in the last quarter. Leigh Baldwin & CO. LLC purchased a new position in Costco Wholesale during the 4th quarter valued at about $95,452,000. Strategic Financial Concepts LLC raised its holdings in Costco Wholesale by 100,422.3% in the fourth quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock worth $729,476,000 after buying an additional 795,345 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Costco Wholesale by 12.6% in the 4th quarter. Northern Trust Corp now owns 5,257,809 shares of the retailer’s stock worth $4,817,573,000 after purchasing an additional 587,303 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

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, 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.