In a report released today, Jason Strominger from Telsey Advisory maintained a Buy rating on Costco, with a price target of $1,100.00. The company’s shares closed last Friday at $952.52.
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According to TipRanks, Strominger is an analyst with an average return of -0.9% and a 42.31% success rate. Strominger covers the Consumer Cyclical sector, focusing on stocks such as Ralph Lauren, Lululemon Athletica, and Ulta Beauty.
Currently, the analyst consensus on Costco is a Moderate Buy with an average price target of $1,100.89, implying a 15.58% upside from current levels. In a report released today, Bernstein also assigned a Buy rating to the stock with a $1,137.00 price target.
Based on Costco’s latest earnings release for the quarter ending May 11, the company reported a quarterly revenue of $63.21 billion and a net profit of $1.9 billion. In comparison, last year the company earned a revenue of $58.52 billion and had a net profit of $1.68 billion
Based on the recent corporate insider activity of 67 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. Last month, Yoram Rubanenko, the EVP of COST sold 4,000.00 shares for a total of $3,899,840.00.
Read More on COST:
- WMT, KR, COST: U.S. Tariffs Expected to Push Food Prices Higher
- Costco’s Growth and Loyalty Driven by Kirkland Signature and International Expansion
- Major Stock Moves: J&J, Costco, Strategy, Snap, Citigroup
- Costco Declares Quarterly Cash Dividend of $1.30
- Costco Executive Vice President sells $3.9M of shares