Costco Wholesale (NASDAQ:COST) Rating Reiterated by Tigress Financial

Tigress Financial restated their buy rating on shares of Costco Wholesale (NASDAQ:COST - Free Report) in a report released on Thursday, Benzinga reports. Tigress Financial currently has a $1,065.00 price target on the retailer's stock.

Several other research analysts have also commented on the stock. StockNews.com lowered shares of Costco Wholesale from a "buy" rating to a "hold" rating in a report on Friday, September 27th. Melius Research began coverage on Costco Wholesale in a report on Monday, September 23rd. They set a "hold" rating and a $950.00 target price for the company. Morgan Stanley raised their price target on Costco Wholesale from $855.00 to $950.00 and gave the stock an "overweight" rating in a report on Monday, September 9th. Stifel Nicolaus boosted their price objective on Costco Wholesale from $925.00 to $935.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Finally, Redburn Atlantic cut Costco Wholesale from a "buy" rating to a "neutral" rating and raised their target price for the company from $860.00 to $890.00 in a research note on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $890.07.

Costco Wholesale Stock Down 0.2 %

Shares of COST stock traded down $2.09 during trading hours on Thursday, hitting $885.29. 1,321,077 shares of the company were exchanged, compared to its average volume of 1,946,605. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The stock has a market capitalization of $392.48 billion, a price-to-earnings ratio of 54.85, a P/E/G ratio of 5.53 and a beta of 0.80. Costco Wholesale has a one year low of $540.23 and a one year high of $923.83. The business's 50-day simple moving average is $888.57 and its two-hundred day simple moving average is $831.04.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping the consensus estimate of $5.05 by $0.10. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The company had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. During the same quarter last year, the firm earned $4.86 EPS. The business's revenue was up 1.0% on a year-over-year basis. Sell-side analysts predict that Costco Wholesale will post 17.73 EPS for the current fiscal year.

Insider Activity at Costco Wholesale

In related news, Director Susan L. Decker sold 620 shares of the company's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the sale, the director now directly owns 11,775 shares of the company's stock, valued at approximately $10,320,787.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the company's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the sale, the director now directly owns 11,775 shares in the company, valued at $10,320,787.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Russell D. Miller sold 4,400 shares of Costco Wholesale stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $891.15, for a total value of $3,921,060.00. Following the completion of the transaction, the executive vice president now owns 10,202 shares in the company, valued at $9,091,512.30. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,224 shares of company stock valued at $9,974,973. Corporate insiders own 0.18% of the company's stock.

Institutional Investors Weigh In On Costco Wholesale

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wulff Hansen & CO. increased its position in shares of Costco Wholesale by 99,208.6% during the second quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer's stock valued at $1,253,508,000 after purchasing an additional 1,473,248 shares during the period. Global Assets Advisory LLC bought a new stake in Costco Wholesale in the 1st quarter valued at $510,353,000. Assenagon Asset Management S.A. lifted its holdings in shares of Costco Wholesale by 287.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 836,247 shares of the retailer's stock worth $710,802,000 after acquiring an additional 620,341 shares during the period. Strategic Financial Concepts LLC boosted its position in shares of Costco Wholesale by 51,747.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 619,578 shares of the retailer's stock valued at $5,266,000 after acquiring an additional 618,383 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Costco Wholesale by 1.2% in the first quarter. Vanguard Group Inc. now owns 40,833,870 shares of the retailer's stock valued at $29,916,118,000 after acquiring an additional 473,702 shares during the period. Institutional investors and hedge funds own 68.48% of the company's stock.

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.