Costco Wholesale Co. (NASDAQ:COST) Receives $1,021.93 Consensus Price Target from Brokerages

Costco Wholesale Co. (NASDAQ:COST) has been given a consensus recommendation of “Moderate Buy” by the twenty-seven brokerages that are presently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $1,021.93.

A number of research firms have recently commented on COST. TD Cowen raised their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Jefferies Financial Group raised their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Loop Capital raised their price objective 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. Citigroup raised their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Finally, Barclays raised their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th.

Costco Wholesale Stock Performance

NASDAQ COST opened at $1,071.85 on Thursday. Costco Wholesale has a 52-week low of $697.27 and a 52-week high of $1,078.23. The company has a 50-day simple moving average of $969.49 and a 200 day simple moving average of $923.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The company has a market capitalization of $475.79 billion, a PE ratio of 62.94, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84.

Costco Wholesale Announces Dividend

The business 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. This represents a $4.64 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

Institutional Investors Weigh In On Costco Wholesale

A number of institutional investors have recently added to or reduced their stakes in COST. Cromwell Holdings LLC boosted its position in shares of Costco Wholesale by 0.9% during the 4th quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock valued at $1,048,000 after acquiring an additional 10 shares during the last quarter. 44 Wealth Management LLC boosted its position in shares of Costco Wholesale by 0.3% during the 4th quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock valued at $3,196,000 after acquiring an additional 10 shares during the last quarter. SRN Advisors LLC boosted its position in shares of Costco Wholesale by 0.3% during the 4th quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock valued at $2,823,000 after acquiring an additional 10 shares during the last quarter. Miramar Capital LLC boosted its position in shares of Costco Wholesale by 1.9% during the 4th quarter. Miramar Capital LLC now owns 525 shares of the retailer’s stock valued at $481,000 after acquiring an additional 10 shares during the last quarter. Finally, Clear Investment Research LLC boosted its position in shares of Costco Wholesale by 22.2% during the 4th quarter. Clear Investment Research LLC now owns 55 shares of the retailer’s stock valued at $51,000 after acquiring an additional 10 shares during the last quarter. 68.48% of the stock is 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.