Costco Wholesale (NASDAQ:COST) Receives Outperform Rating from Telsey Advisory Group

Costco Wholesale (NASDAQ:COST)‘s stock had its “outperform” rating restated by analysts at Telsey Advisory Group in a note issued to investors on Thursday,Benzinga reports. They currently have a $1,100.00 price target on the retailer’s stock. Telsey Advisory Group’s target price suggests a potential upside of 18.62% from the stock’s previous close.

COST has been the topic of several other reports. Morgan Stanley lifted their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. The Goldman Sachs Group boosted their price target on shares of Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Evercore ISI raised their price objective on Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. UBS Group lifted their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, TD Cowen increased their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $927.37 on Thursday. The business’s 50-day moving average price is $945.66 and its 200-day moving average price is $897.78. The firm has a market capitalization of $411.66 billion, a PE ratio of 54.46, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84. Costco Wholesale has a 12 month low of $658.26 and a 12 month high of $1,008.25. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25.

Insider Activity

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Russell D. Miller sold 4,400 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $891.15, for a total value of $3,921,060.00. Following the completion of the sale, the executive vice president now directly owns 10,202 shares in the company, valued at approximately $9,091,512.30. This represents a 30.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,816 shares of company stock worth $6,981,347. Corporate insiders own 0.18% of the company’s stock.

Institutional Trading of Costco Wholesale

Several institutional investors have recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Costco Wholesale during the third quarter valued at $29,000. Fairway Wealth LLC lifted its stake in Costco Wholesale by 230.0% during the 2nd quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock valued at $56,000 after acquiring an additional 46 shares during the period. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Costco Wholesale during the 3rd quarter valued at about $58,000. Christopher J. Hasenberg Inc grew its stake in shares of Costco Wholesale by 329.4% in the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after acquiring an additional 56 shares during the period. Finally, VitalStone Financial LLC purchased a new position in shares of Costco Wholesale during the third quarter valued at approximately $71,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

About Costco Wholesale

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.