Costco Wholesale (NASDAQ:COST) Price Target Raised to $1,125.00

Costco Wholesale (NASDAQ:COST) had its target price upped by stock analysts at Robert W. Baird from $1,075.00 to $1,125.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the retailer’s stock. Robert W. Baird’s price target indicates a potential upside of 9.58% from the stock’s current price.

A number of other equities analysts have also weighed in on COST. Jefferies Financial Group lifted their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. UBS Group boosted their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. TD Cowen raised their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Morgan Stanley increased their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, Evercore ISI reaffirmed a “hold” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $1,023.78.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $1,026.62 on Friday. The company has a market cap of $455.72 billion, a P/E ratio of 60.28, a P/E/G ratio of 6.15 and a beta of 0.84. The business has a fifty day simple moving average of $989.20 and a 200-day simple moving average of $942.33. Costco Wholesale has a 52 week low of $697.27 and a 52 week high of $1,078.24. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Swedbank AB increased its holdings in shares of Costco Wholesale by 1.5% in the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after acquiring an additional 6,495 shares during the period. Valley Brook Capital Group Inc. raised its holdings in shares of Costco Wholesale by 6.1% during the third quarter. Valley Brook Capital Group Inc. now owns 2,134 shares of the retailer’s stock valued at $1,892,000 after buying an additional 123 shares during the last quarter. JB Capital LLC grew its holdings in Costco Wholesale by 2.5% in the 3rd quarter. JB Capital LLC now owns 849 shares of the retailer’s stock worth $754,000 after buying an additional 21 shares in the last quarter. Western Pacific Wealth Management LP grew its holdings in Costco Wholesale by 2.9% in the 3rd quarter. Western Pacific Wealth Management LP now owns 2,024 shares of the retailer’s stock worth $1,794,000 after buying an additional 57 shares in the last quarter. Finally, Consolidated Planning Corp increased its position in Costco Wholesale by 33.4% in the 3rd quarter. Consolidated Planning Corp now owns 7,488 shares of the retailer’s stock valued at $6,638,000 after acquiring an additional 1,876 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

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.