Costco Wholesale Corporation (COST) Downgraded by Vetr Inc. to Hold

Costco Wholesale Corporation (NASDAQ:COST) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a report released on Monday, November 6th. They currently have a $171.07 price target on the retailer’s stock. Vetr‘s price target would indicate a potential upside of 0.05% from the stock’s previous close.

Other analysts have also recently issued reports about the company. TheStreet raised Costco Wholesale Corporation from a “c” rating to a “b” rating in a research report on Monday, October 9th. Cowen and Company set a $180.00 target price on Costco Wholesale Corporation and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Robert W. Baird set a $200.00 target price on Costco Wholesale Corporation and gave the stock a “buy” rating in a research note on Thursday, July 27th. Stifel Nicolaus set a $173.00 target price on Costco Wholesale Corporation and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Costco Wholesale Corporation in a research note on Thursday, August 24th. Twelve research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $178.34.

Shares of Costco Wholesale Corporation (NASDAQ COST) opened at $170.98 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.59. Costco Wholesale Corporation has a 1-year low of $149.52 and a 1-year high of $183.18. The firm has a market capitalization of $74,716.55, a PE ratio of 29.38, a price-to-earnings-growth ratio of 2.73 and a beta of 0.93.

Costco Wholesale Corporation (NASDAQ:COST) last released its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.06. The business had revenue of $42.30 billion during the quarter, compared to analysts’ expectations of $41.55 billion. Costco Wholesale Corporation had a return on equity of 22.21% and a net margin of 2.08%. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.77 EPS. equities analysts expect that Costco Wholesale Corporation will post 6.45 earnings per share for the current year.

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In other Costco Wholesale Corporation news, VP Richard A. Galanti sold 5,000 shares of Costco Wholesale Corporation stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $160.58, for a total value of $802,900.00. Following the completion of the sale, the vice president now owns 41,396 shares in the company, valued at approximately $6,647,369.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John D. Mckay sold 8,111 shares of Costco Wholesale Corporation stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $172.78, for a total transaction of $1,401,418.58. Following the completion of the sale, the insider now owns 66,751 shares of the company’s stock, valued at approximately $11,533,237.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,842 shares of company stock valued at $5,128,658. 0.74% of the stock is owned by insiders.

Several large investors have recently modified their holdings of COST. Wealthcare Advisory Partners LLC acquired a new position in Costco Wholesale Corporation during the 3rd quarter worth approximately $102,000. Jacobus Wealth Management Inc. acquired a new position in Costco Wholesale Corporation during the 3rd quarter worth approximately $103,000. Delta Asset Management LLC TN increased its position in Costco Wholesale Corporation by 11.6% during the 2nd quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock worth $100,000 after purchasing an additional 65 shares in the last quarter. Almanack Investment Partners LLC. bought a new stake in Costco Wholesale Corporation during the 2nd quarter worth approximately $101,000. Finally, Shamrock Asset Management LLC grew its holdings in Costco Wholesale Corporation by 171.3% during the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after acquiring an additional 418 shares during the last quarter. Institutional investors own 72.76% of the company’s stock.

Costco Wholesale Corporation Company Profile

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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