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

Costco Wholesale (NASDAQ:COST)‘s stock had its “outperform” rating reaffirmed by stock analysts at Telsey Advisory Group in a research note issued to investors on Monday,Benzinga reports. They presently have a $1,100.00 price target on the retailer’s stock. Telsey Advisory Group’s target price would indicate a potential upside of 12.26% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Citigroup upped their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Loop Capital boosted their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 target price for the company. Tigress Financial reissued a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a research report on Thursday, October 17th. Finally, Morgan Stanley boosted their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Price Performance

Shares of COST opened at $979.88 on Monday. The company has a market cap of $434.97 billion, a price-to-earnings ratio of 57.54, a PEG ratio of 5.84 and a beta of 0.84. Costco Wholesale has a 1-year low of $691.50 and a 1-year high of $1,008.25. The company’s fifty day simple moving average is $954.51 and its 200 day simple moving average is $908.28. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Hedge Funds Weigh In On Costco Wholesale

A number of large investors have recently modified their holdings of the company. Abacus Planning Group Inc. lifted its stake in Costco Wholesale by 3.4% during the 4th quarter. Abacus Planning Group Inc. now owns 2,212 shares of the retailer’s stock valued at $2,027,000 after acquiring an additional 73 shares in the last quarter. Ieq Capital LLC lifted its stake in Costco Wholesale by 2.5% during the 4th quarter. Ieq Capital LLC now owns 68,945 shares of the retailer’s stock valued at $63,172,000 after acquiring an additional 1,679 shares in the last quarter. Freedom Day Solutions LLC lifted its stake in Costco Wholesale by 1.8% during the 4th quarter. Freedom Day Solutions LLC now owns 4,995 shares of the retailer’s stock valued at $4,577,000 after acquiring an additional 87 shares in the last quarter. Emerald Advisors LLC increased its position in shares of Costco Wholesale by 2.6% during the 4th quarter. Emerald Advisors LLC now owns 643,510 shares of the retailer’s stock valued at $589,629,000 after purchasing an additional 16,559 shares during the last quarter. Finally, TBH Global Asset Management LLC increased its position in shares of Costco Wholesale by 0.7% during the 4th quarter. TBH Global Asset Management LLC now owns 5,270 shares of the retailer’s stock valued at $4,829,000 after purchasing an additional 38 shares during the last quarter. 68.48% of the stock is currently owned by 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.