Costco Wholesale (COST) – Recent Analyst Ratings Updates

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Wholesale Costco (NASDAQ: COST) recently received a number of rating updates from brokerages and research firms:

  • 06/15/2022 – Costco Wholesale has been downgraded by StockNews.com analysts from a “buy” rating to a “hold” rating.
  • 06/06/2022 – Costco Wholesale has been downgraded by StockNews.com analysts from a “buy” rating to a “hold” rating.
  • 06/03/2022 – Costco Wholesale has had its price target raised by Oppenheimer Holdings Inc. analysts to $525.00.
  • 06/02/2022 – Costco Wholesale has had its “buy” rating reaffirmed by analysts at Jefferies Financial Group Inc. They now have a price target of $580.00 on the stock, down from $560.00 previously.
  • 05/31/2022 – Costco Wholesale has had its price target lowered by Raymond James analysts from $645.00 to $560.00.
  • 05/30/2022 – Costco Wholesale has had its “buy” rating reaffirmed by BMO Capital Markets analysts. They now have a price target of $580.00 on the stock.
  • 05/27/2022 – Costco Wholesale has had its price target lowered by Robert W. Baird analysts from $600.00 to $560.00. They now have an “outperform” rating on the title.
  • 05/27/2022 – Costco Wholesale has had its price target lowered by Telsey Advisory Group analysts from $615.00 to $590.00. They now have an “outperform” rating on the title.
  • 05/27/2022 – Costco Wholesale has had its price target lowered by Credit Suisse Group AG analysts from $570.00 to $550.00. They now have a “neutral” rating on the title.
  • 05/27/2022 – Costco Wholesale has had its price target lowered by Citigroup Inc. analysts from $590.00 to $510.00. They now have a “neutral” rating on the title.
  • 05/27/2022 – Costco Wholesale has had its price target raised by analysts at Truist Financial Co. from $503.00 to $543.00. They now have a “buy” rating on the stock.
  • 05/27/2022 – Costco Wholesale has had its price target lowered by Loop Capital analysts from $650.00 to $610.00. They now have a “buy” rating on the stock.
  • 05/25/2022 – Costco Wholesale has had its price target lowered by Deutsche Bank Aktiengesellschaft analysts from $530.00 to $525.00.
  • 05/20/2022 – Costco Wholesale has had its price target lowered by Oppenheimer Holdings Inc. analysts from $645.00 to $500.00. They now have an “outperform” rating on the title.
  • 05/19/2022 – Costco Wholesale had its price target lowered by analysts at Truist Financial Co. from $634.00 to $503.00. They now have a “buy” rating on the stock.
  • 5/5/2022 – Costco Wholesale has had its price target raised by Stifel Nicolaus analysts from $555.00 to $565.00.

Shares of Costco Wholesale rose $16.42 on Tuesday, hitting $463.11. 2,420,060 shares were traded, against an average volume of 2,810,510. The company’s 50-day moving average is $501.49 and its 200-day moving average is $523.39. Costco Wholesale Co. has a one-year low of $386.56 and a one-year high of $612.27. The company has a debt ratio of 0.32, a quick ratio of 0.48 and a current ratio of 1.04. The company has a market capitalization of $205.14 billion, a PE ratio of 36.47, a P/E/G ratio of 3.74 and a beta of 0.71.

Costco Wholesale (NASDAQ:COST – Get Rating) last released quarterly earnings data on Thursday, May 26. The retailer reported EPS of $3.04 for the quarter, beating the consensus estimate of $3.03 by $0.01. The company posted revenue of $52.60 billion in the quarter, versus a consensus estimate of $51.49 billion. Costco Wholesale had a net margin of 2.60% and a return on equity of 29.71%. The company’s revenue increased by 18.5% compared to the same quarter last year. In the same quarter of the previous year, the company achieved EPS of $2.75. On average, equity research analysts expect Costco Wholesale Co. to post EPS of 13.02 for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 13. Shareholders of record on Friday, April 29 received a dividend of $0.90. This is a boost from Costco Wholesale’s previous quarterly dividend of $0.79. This represents an annualized dividend of $3.60 and a yield of 0.78%. The ex-dividend date was Thursday, April 28. Costco Wholesale’s dividend payout ratio is 28.35%.

In related news, Vice Chairman Timothy L. Rose sold 4,000 shares in a trade on Tuesday, March 29. The shares were sold at an average price of $566.29, for a total transaction of $2,265,160.00. The sale was disclosed in a document filed with the SEC, accessible via this link. Additionally, director Kenneth D. Denman sold 250 shares in a trade on Wednesday, March 23. The stock was sold at an average price of $554.67, for a total transaction of $138,667.50. The disclosure of this sale can be found here. In the past 90 days, insiders have sold 9,248 shares of the company valued at $5,417,137. Company insiders own 0.22% of the company’s shares.

Several institutional investors have recently increased or reduced their stake in COST. Contravisory Investment Management Inc. bought a new position in Costco Wholesale stock in the first quarter worth $26,000. Evolution Advisers Inc. bought a new position in Costco Wholesale stock in the fourth quarter worth $28,000. Comprehensive Financial Consultants Institutional Inc. bought a new position in Costco Wholesale stock in the fourth quarter worth $30,000. Mystic Asset Management Inc. bought a new position in Costco Wholesale stock during the fourth quarter worth approximately $40,000. Finally, Consolidated Planning Corp bought a new position in Costco Wholesale stock during the third quarter worth about $41,000. 67.52% of the shares are currently held by hedge funds and other institutional investors.

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses in the United States, Puerto Rico, Canada, United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China and Taiwan. It offers branded and private label products in a range of merchandise categories.

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