Costco Wholesale (NASDAQ:COST) Receives Outperform Rating from Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Costco Wholesale (NASDAQ:COST - Free Report) in a report published on Monday morning,Benzinga reports. They currently have a $1,100.00 price objective on the retailer's stock.

Several other equities analysts also recently issued reports on the stock. BMO Capital Markets boosted their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Truist Financial boosted their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a "hold" rating in a research note on Friday, December 13th. UBS Group raised their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Morgan Stanley boosted their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an "overweight" rating in a research report on Friday, December 13th. Finally, Sanford C. Bernstein started coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They issued an "outperform" rating and a $1,016.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. According to MarketBeat, Costco Wholesale currently has an average rating of "Moderate Buy" and an average price target of $1,021.93.

Costco Wholesale Stock Performance

NASDAQ COST traded down $7.18 during trading hours on Monday, reaching $1,043.81. The company's stock had a trading volume of 1,631,600 shares, compared to its average volume of 1,963,097. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The business has a 50-day simple moving average of $959.83 and a 200 day simple moving average of $912.64. Costco Wholesale has a 52 week low of $697.27 and a 52 week high of $1,063.00. The stock has a market cap of $463.35 billion, a PE ratio of 61.29, a PEG ratio of 5.84 and a beta of 0.84.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale's payout ratio is 27.25%.

Institutional Investors Weigh In On Costco Wholesale

Several hedge funds have recently bought and sold shares of the business. AMF Tjanstepension AB purchased a new stake in shares of Costco Wholesale during the 3rd quarter worth about $42,896,000. Czech National Bank raised its position in Costco Wholesale by 6.9% during the third quarter. Czech National Bank now owns 90,312 shares of the retailer's stock valued at $80,063,000 after acquiring an additional 5,799 shares in the last quarter. GAMMA Investing LLC lifted its stake in Costco Wholesale by 24.2% in the third quarter. GAMMA Investing LLC now owns 6,661 shares of the retailer's stock valued at $5,905,000 after acquiring an additional 1,300 shares during the last quarter. Diversified Trust Co grew its position in Costco Wholesale by 5.6% in the third quarter. Diversified Trust Co now owns 7,631 shares of the retailer's stock worth $6,765,000 after acquiring an additional 403 shares in the last quarter. Finally, Everpar Advisors LLC increased its stake in shares of Costco Wholesale by 3.3% during the 3rd quarter. Everpar Advisors LLC now owns 539 shares of the retailer's stock worth $478,000 after purchasing an additional 17 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

About Costco Wholesale

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.