DA Davidson Reiterates “Neutral” Rating for Costco Wholesale (NASDAQ:COST)

Costco Wholesale (NASDAQ:COSTGet Free Report)‘s stock had its “neutral” rating reaffirmed by analysts at DA Davidson in a research note issued on Friday,Benzinga reports. They currently have a $1,000.00 price target on the retailer’s stock. DA Davidson’s price objective indicates a potential upside of 4.91% from the stock’s current price.

COST has been the subject of several other research reports. Mizuho upped their price target on shares of Costco Wholesale from $1,065.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Gordon Haskett upped their price target on shares of Costco Wholesale from $1,000.00 to $1,100.00 in a research report on Tuesday, February 3rd. TD Cowen restated a “buy” rating on shares of Costco Wholesale in a research report on Friday, March 6th. The Goldman Sachs Group upped their price target on shares of Costco Wholesale from $1,088.00 to $1,159.00 and gave the stock a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Costco Wholesale from $1,060.00 to $1,110.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,056.32.

Read Our Latest Stock Analysis on Costco Wholesale

Costco Wholesale Price Performance

Shares of COST traded down $41.96 during mid-day trading on Friday, hitting $953.24. 3,414,556 shares of the company were exchanged, compared to its average volume of 2,127,937. Costco Wholesale has a 1-year low of $844.06 and a 1-year high of $1,096.50. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.06. The company has a 50 day moving average of $1,008.28 and a 200-day moving average of $962.53. The stock has a market cap of $422.90 billion, a price-to-earnings ratio of 49.53, a price-to-earnings-growth ratio of 4.94 and a beta of 0.92.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its quarterly earnings results on Thursday, May 28th. The retailer reported $4.93 earnings per share for the quarter, missing the consensus estimate of $4.98 by ($0.05). Costco Wholesale had a return on equity of 28.57% and a net margin of 2.99%.The company had revenue of $70.53 billion for the quarter, compared to analyst estimates of $69.68 billion. During the same quarter last year, the company earned $4.28 EPS. Analysts expect that Costco Wholesale will post 20.33 EPS for the current fiscal year.

Insider Buying and Selling

In other Costco Wholesale news, EVP Claudine Adamo sold 730 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $1,003.02, for a total value of $732,204.60. Following the completion of the sale, the executive vice president owned 6,121 shares in the company, valued at approximately $6,139,485.42. This represents a 10.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Institutional Trading of Costco Wholesale

A number of hedge funds have recently bought and sold shares of the business. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $27,000. Lifetime Wealth Management P.C. acquired a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $28,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $28,000. Hurley Capital LLC increased its holdings in shares of Costco Wholesale by 120.0% during the 3rd quarter. Hurley Capital LLC now owns 33 shares of the retailer’s stock worth $31,000 after buying an additional 18 shares during the last quarter. Finally, Entrust Financial LLC acquired a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale News Roundup

Here are the key news stories impacting Costco Wholesale this week:

Costco Wholesale Company Profile

(Get Free Report)

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.

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Analyst Recommendations for Costco Wholesale (NASDAQ:COST)

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