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

Telsey Advisory Group reissued their outperform rating on shares of Costco Wholesale (NASDAQ:COST) in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has a $1,100.00 price target on the retailer’s stock.

A number of other analysts have also issued reports on COST. Wells Fargo & Company boosted their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. UBS Group boosted their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Evercore ISI reiterated a “hold” rating on shares of Costco Wholesale in a research note on Friday, February 14th. TD Cowen upped their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Loop Capital upped their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Trading Up 1.0 %

NASDAQ COST opened at $1,047.75 on Monday. The firm’s 50-day moving average is $987.79 and its two-hundred day moving average is $941.75. Costco Wholesale has a 12 month low of $697.27 and a 12 month high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock has a market capitalization of $465.10 billion, a P/E ratio of 61.52, a PEG ratio of 6.15 and a beta of 0.84.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.25%.

Institutional Investors Weigh In On Costco Wholesale

Several large investors have recently modified their holdings of COST. Investment Management Corp VA ADV acquired a new stake in shares of Costco Wholesale during the fourth quarter worth $25,000. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale in the third quarter valued at $29,000. Synergy Investment Management LLC purchased a new position in shares of Costco Wholesale in the fourth quarter valued at $31,000. NewSquare Capital LLC increased its position in shares of Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after buying an additional 25 shares in the last quarter. Finally, Endeavor Private Wealth Inc. purchased a new position in shares of Costco Wholesale in the fourth quarter valued at $33,000. 68.48% of the stock is owned by institutional investors and hedge funds.

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.