Costco Wholesale (NASDAQ:COST) Given New $330.00 Price Target at JPMorgan Chase & Co.

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Costco Wholesale (NASDAQ:COST) had its price target lifted by equities research analysts at JPMorgan Chase & Co. from $271.00 to $330.00 in a research report issued on Monday, MarketBeat.com reports. The firm presently has an “overweight” rating on the retailer’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 11.11% from the company’s previous close.

A number of other research firms have also recently weighed in on COST. Oppenheimer lifted their price target on Costco Wholesale from $270.00 to $295.00 in a report on Wednesday, July 10th. Deutsche Bank set a $252.00 price objective on Costco Wholesale and gave the stock a “hold” rating in a report on Monday, July 15th. Stifel Nicolaus raised their target price on Costco Wholesale from $289.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Robert W. Baird raised their target price on Costco Wholesale from $290.00 to $325.00 and gave the company an “outperform” rating in a research report on Thursday, September 5th. Finally, Citigroup cut their target price on Costco Wholesale from $243.00 to $241.00 and set a “neutral” rating on the stock in a research note on Friday, May 31st. Eight analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $283.50.

NASDAQ 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 current ratio of 0.98, a quick ratio of 0.48 and a debt-to-equity ratio of 0.32. The stock has a market cap of $133.59 billion, a price-to-earnings ratio of 43.48, a price-to-earnings-growth ratio of 4.03 and a beta of 0.93. The company has a 50-day moving average price of $281.72 and a two-hundred day moving average price of $256.49.

In other news, CFO Richard A. Galanti sold 3,000 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $266.39, for a total value of $799,170.00. Following the completion of the sale, the chief financial officer now owns 27,582 shares in the company, valued at $7,347,568.98. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP James P. Murphy sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $265.85, for a total value of $2,658,500.00. Following the transaction, the vice president now directly owns 45,100 shares of the company’s stock, valued at approximately $11,989,835. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,346 shares of company stock worth $4,888,035. 0.21% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the business. Krane Funds Advisors LLC bought a new stake in Costco Wholesale during the second quarter worth approximately $26,000. Massey Quick Simon & CO. LLC acquired a new position in Costco Wholesale in the second quarter worth approximately $27,000. Thor Advisors LLC acquired a new position in Costco Wholesale in the first quarter worth approximately $35,000. Princeton Global Asset Management LLC increased its holdings in shares of Costco Wholesale by 88.6% in the second quarter. Princeton Global Asset Management LLC now owns 132 shares of the retailer’s stock valued at $35,000 after buying an additional 62 shares in the last quarter. Finally, JNBA Financial Advisors increased its holdings in shares of Costco Wholesale by 484.6% in the first quarter. JNBA Financial Advisors now owns 152 shares of the retailer’s stock valued at $37,000 after buying an additional 126 shares in the last quarter. Hedge funds and other institutional investors 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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Analyst Recommendations for Costco Wholesale (NASDAQ:COST)

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