Costco Wholesale (NASDAQ:COST) Given New $1,070.00 Price Target at Evercore ISI

Costco Wholesale (NASDAQ:COST) had its price target lifted by Evercore ISI from $1,040.00 to $1,070.00 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has an outperform rating on the retailer’s stock.

Several other equities analysts have also weighed in on the stock. UBS Group increased their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Sanford C. Bernstein assumed coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. BMO Capital Markets raised their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Robert W. Baird increased their price objective on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Price Performance

Shares of COST opened at $1,050.99 on Thursday. The firm has a market capitalization of $466.53 billion, a PE ratio of 61.71, a PEG ratio of 5.84 and a beta of 0.84. The company’s 50-day moving average is $958.04 and its 200-day moving average is $911.67. Costco Wholesale has a fifty-two week low of $697.27 and a fifty-two week high of $1,063.00. 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 Announces Dividend

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

Institutional Trading of Costco Wholesale

Institutional investors have recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter worth $29,000. Synergy Investment Management LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth $31,000. NewSquare Capital LLC grew its stake in shares of Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after acquiring an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale in the 4th quarter worth $33,000. Finally, Collier Financial bought a new position in Costco Wholesale during the fourth quarter valued at about $35,000. Institutional investors own 68.48% of the company’s stock.

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.