Costco Wholesale’s (COST) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Costco Wholesale (NASDAQ:COST) in a report issued on Monday morning,Benzinga reports. Telsey Advisory Group currently has a $1,100.00 price objective on the retailer’s stock.

Other analysts have also recently issued reports about the stock. Robert W. Baird raised their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Wells Fargo & Company lifted their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Evercore ISI reiterated a “hold” rating on shares of Costco Wholesale in a research note on Friday, February 14th. Loop Capital lifted their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Truist Financial lifted their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Stock Up 1.0 %

NASDAQ:COST opened at $1,047.75 on Monday. Costco Wholesale has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.24. The stock has a market capitalization of $465.10 billion, a P/E ratio of 61.52, a P/E/G ratio of 6.15 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The company’s 50-day simple moving average is $987.79 and its 200-day simple moving average is $941.75.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

Institutional Investors Weigh In On Costco Wholesale

A number of large investors have recently modified their holdings of COST. Investment Management Corp VA ADV acquired a new position in shares of Costco Wholesale during the 4th quarter valued at about $25,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale during the 3rd quarter valued at about $29,000. Synergy Investment Management LLC acquired a new position in shares of Costco Wholesale during the 4th quarter valued at about $31,000. NewSquare Capital LLC boosted its position in shares of Costco Wholesale by 250.0% during the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after acquiring an additional 25 shares during the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of Costco Wholesale during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

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.