In a report released today, Rupesh Parikh from Oppenheimer assigned a Buy rating to Costco (COST), with a price target of $380.00. The company’s shares closed last Thursday at $335.70, close to its 52-week high of $345.12.
According to TipRanks.com, Parikh is a 5-star analyst with an average return of 14.9% and a 64.1% success rate. Parikh covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, The Estée Lauder Companies, and Albertsons Companies.
Costco has an analyst consensus of Moderate Buy, with a price target consensus of $346.82, implying a 2.9% upside from current levels. In a report issued on August 5, Credit Suisse also initiated coverage with a Buy rating on the stock with a $328.00 price target.
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The company has a one-year high of $345.12 and a one-year low of $268.00. Currently, Costco has an average volume of 2.64M.
Based on the recent corporate insider activity of 73 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.
Costco Wholesale Corp. engages in the operation of membership warehouses. Its product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations. The company was founded by James D. Sinegal and Jeffrey H. Brotman in 1983 and is headquartered in Issaquah, WA.
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