Costco Wholesale (NASDAQ:COST) Price Target Increased to $950.00 by Analysts at Morgan Stanley

Costco Wholesale (NASDAQ:COST) had its target price boosted by analysts at Morgan Stanley from $855.00 to $950.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an “overweight” rating on the retailer’s stock. Morgan Stanley’s price target points to a potential upside of 8.36% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Tigress Financial upped their target price on shares of Costco Wholesale from $870.00 to $975.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Loop Capital upped their price target on Costco Wholesale from $970.00 to $975.00 and gave the company a “buy” rating in a research note on Friday. Citigroup increased their price target on Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a report on Friday, May 31st. TD Cowen boosted their price target on Costco Wholesale from $850.00 to $925.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Seven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $842.77.

Costco Wholesale Stock Down 1.0 %

Shares of NASDAQ:COST opened at $876.68 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. The stock has a market cap of $388.66 billion, a price-to-earnings ratio of 54.32, a P/E/G ratio of 5.33 and a beta of 0.80. The company has a 50 day moving average of $857.45 and a 200-day moving average of $800.74. Costco Wholesale has a one year low of $540.23 and a one year high of $918.93.

Insiders Place Their Bets

In other news, Director Susan L. Decker sold 620 shares of the firm’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 transaction, the director now owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the sale, the insider now owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the transaction, the director now directly owns 11,775 shares in the company, valued at $10,320,787.50. The disclosure for this sale can be found here. Insiders have sold 4,974 shares of company stock valued at $4,252,856 in the last ninety days. 0.18% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Main Street Financial Solutions LLC lifted its holdings in Costco Wholesale by 4.7% in the fourth quarter. Main Street Financial Solutions LLC now owns 1,763 shares of the retailer’s stock valued at $1,164,000 after buying an additional 79 shares during the period. Zhang Financial LLC boosted its position in shares of Costco Wholesale by 3.8% during the 1st quarter. Zhang Financial LLC now owns 1,010 shares of the retailer’s stock valued at $740,000 after purchasing an additional 37 shares in the last quarter. Strong Tower Advisory Services grew its stake in Costco Wholesale by 7.9% during the first quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock worth $1,346,000 after purchasing an additional 137 shares during the period. Aigen Investment Management LP bought a new stake in Costco Wholesale in the fourth quarter worth approximately $3,871,000. Finally, Strait & Sound Wealth Management LLC lifted its stake in Costco Wholesale by 21.0% in the fourth quarter. Strait & Sound Wealth Management LLC now owns 5,930 shares of the retailer’s stock valued at $4,057,000 after buying an additional 1,028 shares during the period. 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.