RBC Capital has released a report maintaining a Hold rating on Costco (COST) with a price target of $1,000.00. The rating was assigned by Steven Shemesh, an analyst who focuses on the Consumer Cyclical sector. Shemesh covers stocks such as O’Reilly Auto, Valvoline, and Home Depot. According to TipRanks, Shemesh has an average return of -1.2% and a 46.63% success rate.
Costco has also received a Hold rating from Wells Fargo’s Edward Kelly in a report issued on September 25. However, Bank of America Securities maintained a Buy rating on Costco. This mixed sentiment comes as Costco reported its latest earnings for the quarter ending August 30, with a quarterly revenue of $95.72 billion and a net profit of $3 billion. This compares to the previous year’s revenue of $86.16 billion and a net profit of $2.61 billion.
Corporate insider sentiment is currently negative on Costco’s stock. Over the past quarter, there has been an increase in insiders selling their shares. For example, Caton Frates, the SEVP of Costco, recently sold 800 shares for a total of $732,744.00. This trend of insider selling suggests a cautious outlook among company insiders.