Costco Wholesale Co. (NASDAQ:COST) Receives $1,013.59 Consensus Price Target from Analysts

Shares of Costco Wholesale Co. (NASDAQ:COST - Get Free Report) have been assigned an average rating of "Moderate Buy" from the twenty-seven ratings firms that are presently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and nineteen have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $1,013.59.

A number of equities research analysts have issued reports on COST shares. DA Davidson upped their target price on Costco Wholesale from $880.00 to $900.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Barclays raised their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an "equal weight" rating in a research note on Friday, December 13th. Raymond James boosted their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Roth Mkm raised their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $1,100.00 price target on shares of Costco Wholesale in a report on Thursday, January 9th.

Insider Activity

In other news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares in the company, valued at $24,514,232. The trade was a 4.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by company insiders.

Institutional Trading of Costco Wholesale

Hedge funds have recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale during the third quarter worth about $29,000. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale during the 4th quarter worth approximately $33,000. Retirement Wealth Solutions LLC bought a new stake in shares of Costco Wholesale in the fourth quarter worth $55,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Costco Wholesale during the third quarter worth $58,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new position in Costco Wholesale in the fourth quarter valued at $58,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Up 2.5 %

Shares of COST traded up $23.44 during trading hours on Friday, hitting $943.19. 2,367,034 shares of the company were exchanged, compared to its average volume of 1,832,091. The firm's 50 day moving average is $949.82 and its 200-day moving average is $901.47. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale has a 52 week low of $675.96 and a 52 week high of $1,008.25. The company has a market cap of $418.68 billion, a PE ratio of 55.38, a PEG ratio of 5.60 and a beta of 0.84.

Costco Wholesale Company Profile

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.