Costco Wholesale Corporation (NASDAQ:COST) had its price target lifted by Citigroup Inc. from $155.00 to $187.00 in a report issued on Friday. They currently have a hold rating on the retailer’s stock.
COST has been the topic of several other research reports. Vetr raised shares of Costco Wholesale Corporation from a buy rating to a strong-buy rating and set a $182.22 price target on the stock in a research note on Monday, August 21st. Deutsche Bank AG reaffirmed a hold rating and issued a $172.00 price target on shares of Costco Wholesale Corporation in a research note on Tuesday, September 5th. Robert W. Baird set a $200.00 price target on shares of Costco Wholesale Corporation and gave the stock a buy rating in a research note on Thursday, July 27th. BidaskClub downgraded shares of Costco Wholesale Corporation from a strong-buy rating to a buy rating in a research note on Tuesday, June 20th. Finally, BMO Capital Markets set a $160.00 price target on shares of Costco Wholesale Corporation and gave the stock a hold rating in a research note on Tuesday, August 29th. Twelve research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Costco Wholesale Corporation has an average rating of Buy and a consensus target price of $178.39.
Costco Wholesale Corporation (COST) opened at 157.09 on Friday. The company’s 50 day moving average is $159.96 and its 200 day moving average is $164.83. Costco Wholesale Corporation has a 12 month low of $142.11 and a 12 month high of $183.18. The stock has a market cap of $68.68 billion, a PE ratio of 25.84 and a beta of 0.94.
Costco Wholesale Corporation (NASDAQ:COST) last posted its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.06. The company had revenue of $42.30 billion for the quarter, compared to the consensus estimate of $41.55 billion. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.33%. The firm’s revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.77 EPS. On average, analysts anticipate that Costco Wholesale Corporation will post $6.43 EPS for the current fiscal year.
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In other news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $157.59, for a total value of $157,590.00. Following the transaction, the director now owns 6,974 shares of the company’s stock, valued at approximately $1,099,032.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 3,000 shares of company stock worth $481,760. Insiders own 0.74% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. grew its position in shares of Costco Wholesale Corporation by 4.1% in the 1st quarter. Alliancebernstein L.P. now owns 3,248,905 shares of the retailer’s stock worth $544,809,000 after buying an additional 129,106 shares during the last quarter. Mechanics Bank Trust Department boosted its stake in Costco Wholesale Corporation by 4.8% in the 2nd quarter. Mechanics Bank Trust Department now owns 33,556 shares of the retailer’s stock worth $5,366,000 after purchasing an additional 1,529 shares in the last quarter. Cadinha & Co. LLC boosted its stake in Costco Wholesale Corporation by 7.3% in the 2nd quarter. Cadinha & Co. LLC now owns 124,642 shares of the retailer’s stock worth $19,934,000 after purchasing an additional 8,518 shares in the last quarter. Main Street Research LLC boosted its stake in Costco Wholesale Corporation by 4.9% in the 1st quarter. Main Street Research LLC now owns 64,704 shares of the retailer’s stock worth $10,850,000 after purchasing an additional 3,023 shares in the last quarter. Finally, Stephens Inc. AR boosted its stake in Costco Wholesale Corporation by 3.1% in the 1st quarter. Stephens Inc. AR now owns 44,405 shares of the retailer’s stock worth $7,446,000 after purchasing an additional 1,350 shares in the last quarter. 72.34% of the stock is currently owned by hedge funds and other institutional investors.
About Costco Wholesale Corporation
Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.
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