Barclays Believes Costco (COST) Still Has Room to Grow

In a report issued on April 7, Karen Short from Barclays maintained a Buy rating on Costco (COSTResearch Report), with a price target of $650.00. The company’s shares closed last Friday at $600.04, close to its 52-week high of $612.27.

According to TipRanks.com, Short is a 5-star analyst with an average return of 9.6% and a 64.9% success rate. Short covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, Albertsons Companies, and Sprouts Farmers.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Costco with a $602.61 average price target, which is a -0.6% downside from current levels. In a report issued on April 7, Evercore ISI also assigned a Buy rating to the stock with a $610.00 price target.

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Costco’s market cap is currently $269.5B and has a P/E ratio of 49.03.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of COST in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Incorporated in 1983, Costco Wholesale Corp. operates an international chain of membership-only warehouse clubs. It sells product categories, including groceries, appliances, automotive supplies, toys, hardware, sporting goods, books, housewares, and apparel among others. The company is based in Issaquah, Washington.

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