Costco Wholesale Receives 'Outperform' Rating from Telsey Advisory Group

The stock of Costco Wholesale (NASDAQ:COST) has received a positive outlook from Telsey Advisory Group, who reaffirmed their "outperform" rating. In a recent report released to investors on Monday, the firm set a price target of $1,100.00 for Costco shares, suggesting a potential upside of approximately 12.26% based on the stock's current trading price.

Recent Analysts' Ratings

Several other financial analysts have also weighed in on Costco's stock. For instance, Citigroup increased their price objective for the retailer from $800.00 to $1,060.00 and assigned a "neutral" rating. Additionally, Loop Capital raised their target from $1,005.00 to $1,095.00, offering a "buy" rating in their findings. Moreover, Sanford C. Bernstein recently began their coverage on Costco, issuing an "outperform" rating with a target price of $1,016.00. Tigress Financial similarly maintained a "buy" rating with an updated target of $1,065.00. Lastly, Morgan Stanley improved their price target from $950.00 to $1,150.00 and gave the company an "overweight" rating. Currently, MarketBeat indicates that there is a consensus rating of "Moderate Buy" for Costco, with an average price target of around $1,013.59.

Costco's Market Performance

As of Monday, shares of Costco opened at $979.88. The company boasts a robust market capitalization of $434.97 billion and showcases a price-to-earnings ratio of 57.54 and a PEG ratio of 5.84. Over the past year, Costco's stock has fluctuated between a low of $691.50 and a high of $1,008.25. The moving averages for the last fifty days and two hundred days stand at $954.51 and $908.28, respectively. With a current ratio of 0.98 and a debt-to-equity ratio of 0.23, Costco's financial stability appears sound.

Institutional Investments in Costco

Institutional investors have shown significant interest in Costco recently. For instance, Abacus Planning Group Inc. increased its stake in Costco by 3.4%, now holding 2,212 shares worth $2,027,000 after adding 73 shares in the last quarter. Likewise, Ieq Capital LLC boosted its shareholding by 2.5%, totaling 68,945 shares valued at $63,172,000 following the acquisition of 1,679 additional shares. Other firms such as Freedom Day Solutions LLC and Emerald Advisors LLC also reported increases in their positions. The majority of Costco's stock, specifically 68.48%, is held by institutional investors, reflecting strong confidence in the company’s financial future.

Overview of Costco Wholesale

Costco Wholesale Corporation operates membership warehouse stores across various countries, including the United States, Mexico, Japan, and several European nations. The company offers a wide array of merchandise, featuring both branded and private-label products. This model not only enables Costco to serve a diverse customer base but also strengthens its market position.

Costco, Stocks, Investment