Citi Sticks to Their Hold Rating for Costco (COST)

In a report released today, Steven Zaccone from Citi maintained a Hold rating on Costco, with a price target of $1,000.00.

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According to TipRanks, Zaccone is a 3-star analyst with an average return of 3.4% and a 54.63% success rate. Zaccone covers the Consumer Cyclical sector, focusing on stocks such as Home Depot, AutoZone, and Lowe’s.

Currently, the analyst consensus on Costco is a Strong Buy with an average price target of $1,081.57.

Based on Costco’s latest earnings release for the quarter ending November 23, the company reported a quarterly revenue of $67.31 billion and a net profit of $2 billion. In comparison, last year the company earned a revenue of $62.15 billion and had a net profit of $1.8 billion

Based on the recent corporate insider activity of 68 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, Teresa A. Jones, the EVP of COST sold 850.00 shares for a total of $838,312.50.