Costco Wholesale (NASDAQ:COST) Now Covered by Mizuho

Research analysts at Mizuho started coverage on shares of Costco Wholesale (NASDAQ:COST - Get Free Report) in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The firm set a "neutral" rating and a $975.00 price target on the retailer's stock. Mizuho's target price would suggest a potential downside of 0.18% from the company's current price.

COST has been the subject of several other reports. Telsey Advisory Group reiterated an "outperform" rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Thursday, April 10th. Roth Mkm lifted their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Robert W. Baird upped their price objective on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Evercore ISI raised their target price on Costco Wholesale from $1,050.00 to $1,070.00 and gave the company an "outperform" rating in a research report on Tuesday, March 11th. Finally, Raymond James upped their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,024.03.

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Costco Wholesale Stock Down 0.3 %

Shares of COST stock traded down $2.61 during mid-day trading on Friday, hitting $976.71. 872,990 shares of the stock traded hands, compared to its average volume of 2,002,284. The stock's fifty day moving average is $981.61 and its two-hundred day moving average is $950.46. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale has a 52-week low of $702.00 and a 52-week high of $1,078.24. The stock has a market cap of $433.35 billion, a P/E ratio of 57.35, a P/E/G ratio of 6.15 and a beta of 0.95.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing analysts' consensus estimates of $4.09 by ($0.07). Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The business had revenue of $63.72 billion for the quarter, compared to analysts' expectations of $63.02 billion. Equities analysts predict that Costco Wholesale will post 18.03 EPS for the current year.

Insider Transactions at Costco Wholesale

In related news, EVP Claudine Adamo sold 900 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $922.56, for a total value of $830,304.00. Following the completion of the sale, the executive vice president now directly owns 6,987 shares of the company's stock, valued at $6,445,926.72. The trade was a 11.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gary Millerchip sold 1,100 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $940.01, for a total transaction of $1,034,011.00. Following the transaction, the executive vice president now owns 11,165 shares in the company, valued at approximately $10,495,211.65. This trade represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,600 shares of company stock worth $5,215,915. 0.18% of the stock is currently owned by insiders.

Institutional Trading of Costco Wholesale

Several large investors have recently modified their holdings of the business. Cromwell Holdings LLC grew its holdings in shares of Costco Wholesale by 0.9% during the fourth quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer's stock worth $1,048,000 after buying an additional 10 shares in the last quarter. 44 Wealth Management LLC raised its holdings in Costco Wholesale by 0.3% in the 4th quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer's stock valued at $3,196,000 after acquiring an additional 10 shares during the last quarter. SRN Advisors LLC lifted its stake in shares of Costco Wholesale by 0.3% during the 4th quarter. SRN Advisors LLC now owns 3,081 shares of the retailer's stock worth $2,823,000 after purchasing an additional 10 shares during the period. Miramar Capital LLC increased its stake in Costco Wholesale by 1.9% in the fourth quarter. Miramar Capital LLC now owns 525 shares of the retailer's stock valued at $481,000 after purchasing an additional 10 shares during the last quarter. Finally, Clear Investment Research LLC boosted its stake in Costco Wholesale by 22.2% in the 4th quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock worth $51,000 after buying an additional 10 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

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.