Costco Wholesale (NASDAQ:COST) Price Target Raised to $1,075.00

Costco Wholesale (NASDAQ:COST) had its price target boosted by equities researchers at Stifel Nicolaus from $1,000.00 to $1,075.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the retailer’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 2.67% from the company’s current price.

Several other equities research analysts also recently issued reports on COST. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research note on Monday. BMO Capital Markets raised their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. TD Cowen raised their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Evercore ISI raised their price target on shares of Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Sanford C. Bernstein began coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target for the company. Nine 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,018.22.

Costco Wholesale Trading Up 0.4 %

COST stock traded up $4.14 on Thursday, hitting $1,047.02. 1,104,997 shares of the company were exchanged, compared to its average volume of 1,929,021. Costco Wholesale has a twelve month low of $697.27 and a twelve month high of $1,063.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The business’s fifty day moving average is $958.04 and its two-hundred day moving average is $911.67. The stock has a market capitalization of $464.77 billion, a price-to-earnings ratio of 61.48, a price-to-earnings-growth ratio of 5.84 and a beta of 0.84.

Hedge Funds Weigh In On Costco Wholesale

Several hedge funds have recently made changes to their positions in COST. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale in the 3rd quarter worth approximately $29,000. Synergy Investment Management LLC acquired a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $31,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $33,000. Collier Financial acquired a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $35,000. Finally, Barrett & Company Inc. raised its holdings in shares of Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after acquiring an additional 16 shares during the period. Institutional investors and hedge funds 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.