Costco Wholesale (NASDAQ:COST) had its price target lifted by stock analysts at UBS Group from $280.00 to $335.00 in a research note issued on Monday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the retailer’s stock. UBS Group’s price objective indicates a potential upside of 12.79% from the stock’s previous close.
Several other equities research analysts also recently issued reports on COST. Goldman Sachs Group began coverage on Costco Wholesale in a report on Thursday, July 11th. They issued a “buy” rating and a $290.00 price objective on the stock. Royal Bank of Canada set a $321.00 target price on Costco Wholesale and gave the company a “buy” rating in a research report on Friday, September 6th. Oppenheimer lifted their target price on Costco Wholesale from $270.00 to $295.00 in a research report on Wednesday, July 10th. Guggenheim reiterated a “hold” rating on shares of Costco Wholesale in a research note on Friday, September 6th. Finally, Nomura increased their price target on shares of Costco Wholesale from $235.00 to $256.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Eight investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Costco Wholesale currently has an average rating of “Buy” and an average price target of $283.50.
COST opened at $297.00 on Monday. Costco Wholesale has a 52 week low of $189.51 and a 52 week high of $307.34. The company has a quick ratio of 0.48, a current ratio of 0.98 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $281.72 and a 200-day simple moving average of $256.49. The firm has a market cap of $133.59 billion, a P/E ratio of 43.48, a P/E/G ratio of 4.03 and a beta of 0.93.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Ironwood Wealth Management LLC. grew its position in shares of Costco Wholesale by 23.4% in the 1st quarter. Ironwood Wealth Management LLC. now owns 395 shares of the retailer’s stock valued at $96,000 after buying an additional 75 shares during the last quarter. Cooper Haims Advisors LLC purchased a new position in shares of Costco Wholesale during the first quarter worth about $1,994,000. Carlson Capital Management purchased a new position in shares of Costco Wholesale during the first quarter worth about $266,000. First National Trust Co increased its position in shares of Costco Wholesale by 5.7% during the first quarter. First National Trust Co now owns 4,122 shares of the retailer’s stock worth $998,000 after purchasing an additional 223 shares in the last quarter. Finally, Radnor Capital Management LLC increased its position in shares of Costco Wholesale by 14.0% during the first quarter. Radnor Capital Management LLC now owns 1,625 shares of the retailer’s stock worth $393,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 71.14% of the company’s stock.
Costco Wholesale Company Profile
Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.
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