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

Costco Wholesale (NASDAQ:COST) had its price objective increased by equities research analysts at Evercore ISI from $1,040.00 to $1,070.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the retailer’s stock. Evercore ISI’s price objective suggests a potential upside of 2.51% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Morgan Stanley boosted their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Oppenheimer restated an “outperform” rating and set a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Roth Mkm lifted their price objective on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. TD Cowen increased their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Tigress Financial reaffirmed a “buy” rating and set a $1,065.00 target price on shares of Costco Wholesale in a research note on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Stock Down 0.7 %

Shares of COST opened at $1,043.81 on Thursday. The firm has a market cap of $463.35 billion, a P/E ratio of 61.29, a PEG ratio of 5.84 and a beta of 0.84. Costco Wholesale has a 12 month low of $697.27 and a 12 month high of $1,063.00. The stock’s 50 day moving average is $959.83 and its two-hundred day moving average is $912.64. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Hedge Funds Weigh In On Costco Wholesale

Several institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in Costco Wholesale by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after purchasing an additional 32,074 shares during the period. Hudson Value Partners LLC boosted its stake in shares of Costco Wholesale by 7.6% in the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after buying an additional 568 shares during the period. Nwam LLC acquired a new position in shares of Costco Wholesale during the third quarter worth about $20,056,000. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Costco Wholesale during the fourth quarter worth approximately $8,430,000. Finally, GAMMA Investing LLC raised its holdings in Costco Wholesale by 15.0% in the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock valued at $7,020,000 after acquiring an additional 1,001 shares in the last quarter. 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.