Costco Wholesale (NASDAQ:COST) Shares Down 1% – What’s Next?

Costco Wholesale Co. (NASDAQ:COST)’s stock price fell 1% on Monday . The stock traded as low as $921.00 and last traded at $927.35. 454,957 shares were traded during trading, a decline of 74% from the average session volume of 1,736,214 shares. The stock had previously closed at $936.94.

Analyst Ratings Changes

Several research firms have recently weighed in on COST. UBS Group lifted their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Barclays lifted their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Sanford C. Bernstein began coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. Evercore ISI lifted their price target on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, Roth Mkm lifted their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Stock Performance

The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The firm has a fifty day moving average price of $949.23 and a 200 day moving average price of $900.20. The firm has a market cap of $412.23 billion, a PE ratio of 54.53, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84.

Insider Transactions at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $894.68, for a total value of $1,266,866.88. Following the sale, the executive vice president now directly owns 27,400 shares in the company, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company’s stock.

Institutional Trading of Costco Wholesale

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Procyon Advisors LLC raised its holdings in Costco Wholesale by 10.5% in the 4th quarter. Procyon Advisors LLC now owns 10,097 shares of the retailer’s stock valued at $9,252,000 after buying an additional 957 shares during the period. Everpar Advisors LLC raised its holdings in Costco Wholesale by 3.0% in the 4th quarter. Everpar Advisors LLC now owns 555 shares of the retailer’s stock valued at $509,000 after buying an additional 16 shares during the period. Tompkins Financial Corp raised its holdings in Costco Wholesale by 2.6% in the 4th quarter. Tompkins Financial Corp now owns 14,856 shares of the retailer’s stock valued at $13,612,000 after buying an additional 378 shares during the period. Yarger Wealth Strategies LLC raised its holdings in Costco Wholesale by 3.0% in the 4th quarter. Yarger Wealth Strategies LLC now owns 692 shares of the retailer’s stock valued at $634,000 after buying an additional 20 shares during the period. Finally, RDA Financial Network raised its holdings in Costco Wholesale by 17.8% in the 4th quarter. RDA Financial Network now owns 4,012 shares of the retailer’s stock valued at $3,676,000 after buying an additional 607 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

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.