Costco Wholesale Corporation (COST) Downgraded to “Hold” at Vetr Inc.

Vetr lowered shares of Costco Wholesale Corporation (NASDAQ:COST) from a buy rating to a hold rating in a research report sent to investors on Monday morning. Vetr currently has $171.07 price target on the retailer’s stock.

COST has been the topic of a number of other research reports. Deutsche Bank AG restated a hold rating and set a $172.00 price target on shares of Costco Wholesale Corporation in a report on Tuesday, September 5th. Citigroup Inc. restated a buy rating and set a $190.00 price target (up previously from $187.00) on shares of Costco Wholesale Corporation in a report on Monday, October 9th. Robert W. Baird set a $200.00 price target on shares of Costco Wholesale Corporation and gave the company a buy rating in a report on Thursday, July 27th. Royal Bank Of Canada restated an outperform rating and set a $190.00 price target (up previously from $184.00) on shares of Costco Wholesale Corporation in a report on Friday, October 6th. Finally, Jefferies Group LLC restated a hold rating and set a $162.00 price target (down previously from $168.00) on shares of Costco Wholesale Corporation in a report on Friday, October 6th. Twelve analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $178.34.

Shares of Costco Wholesale Corporation (NASDAQ COST) opened at $169.11 on Monday. The stock has a market cap of $73,730.00, a price-to-earnings ratio of 28.57, a price-to-earnings-growth ratio of 2.65 and a beta of 0.93. Costco Wholesale Corporation has a 52 week low of $145.38 and a 52 week high of $183.18. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.43 and a current ratio of 0.99.

Costco Wholesale Corporation (NASDAQ:COST) last issued its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.06. The company had revenue of $42.30 billion during the quarter, compared to analyst estimates of $41.55 billion. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.21%. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter last year, the business posted $1.77 EPS. equities research analysts expect that Costco Wholesale Corporation will post 6.45 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.00 annualized dividend and a dividend yield of 1.18%. Costco Wholesale Corporation’s dividend payout ratio (DPR) is currently 32.89%.

In other Costco Wholesale Corporation news, VP Paul G. Moulton sold 4,381 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $168.16, for a total value of $736,708.96. Following the transaction, the vice president now directly owns 52,858 shares in the company, valued at $8,888,601.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $164.92, for a total transaction of $164,920.00. Following the completion of the transaction, the director now owns 6,974 shares in the company, valued at $1,150,152.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,731 shares of company stock worth $3,214,389. Company insiders own 0.74% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Westside Investment Management Inc. boosted its position in Costco Wholesale Corporation by 0.3% in the second quarter. Westside Investment Management Inc. now owns 1,114 shares of the retailer’s stock valued at $168,000 after buying an additional 3 shares in the last quarter. Brightworth lifted its position in shares of Costco Wholesale Corporation by 0.3% during the second quarter. Brightworth now owns 1,334 shares of the retailer’s stock worth $213,000 after purchasing an additional 4 shares in the last quarter. Pioneer Trust Bank N A OR lifted its position in shares of Costco Wholesale Corporation by 0.4% during the second quarter. Pioneer Trust Bank N A OR now owns 1,659 shares of the retailer’s stock worth $266,000 after purchasing an additional 7 shares in the last quarter. SVA Plumb Wealth Management LLC lifted its position in shares of Costco Wholesale Corporation by 0.3% during the second quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer’s stock worth $404,000 after purchasing an additional 7 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Costco Wholesale Corporation by 0.5% during the second quarter. Cetera Investment Advisers now owns 1,390 shares of the retailer’s stock worth $223,000 after purchasing an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 72.57% of the company’s stock.

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Costco Wholesale Corporation (NASDAQ:COST)

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