Costco Wholesale Corporation (NASDAQ:COST) PT Set at $160.00 by BMO Capital Markets

Costco Wholesale Corporation (NASDAQ:COST) has been assigned a $160.00 price objective by analysts at BMO Capital Markets in a report issued on Saturday, October 7th. The brokerage currently has a “hold” rating on the retailer’s stock. BMO Capital Markets’ target price indicates a potential upside of 1.02% from the company’s previous close.

COST has been the topic of several other reports. UBS AG upgraded Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, June 26th. BidaskClub upgraded Costco Wholesale Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Guggenheim restated a “neutral” rating on shares of Costco Wholesale Corporation in a research note on Thursday, October 5th. Vetr downgraded Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating and set a $183.04 target price on the stock. in a research note on Wednesday, September 27th. Finally, Jefferies Group LLC restated a “hold” rating and set a $162.00 target price (down from $168.00) on shares of Costco Wholesale Corporation in a research note on Friday, October 6th. Eleven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Costco Wholesale Corporation currently has a consensus rating of “Buy” and an average target price of $178.50.

Shares of Costco Wholesale Corporation (COST) traded down 0.49% during trading on Friday, reaching $157.60. 921,049 shares of the company were exchanged. The company has a market capitalization of $68.90 billion, a PE ratio of 25.92 and a beta of 0.94. The firm’s 50 day moving average price is $160.27 and its 200 day moving average price is $164.46. Costco Wholesale Corporation has a one year low of $142.11 and a one year high of $183.18.

Costco Wholesale Corporation (NASDAQ:COST) last announced its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.06. Costco Wholesale Corporation had a return on equity of 22.21% and a net margin of 2.08%. The business had revenue of $42.30 billion for the quarter, compared to the consensus estimate of $41.55 billion. During the same period last year, the business posted $1.77 EPS. The business’s revenue was up 15.7% compared to the same quarter last year. Equities research analysts forecast that Costco Wholesale Corporation will post $6.42 earnings per share for the current fiscal year.

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In related news, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $164.92, for a total transaction of $164,920.00. Following the transaction, the director now owns 6,974 shares of the company’s stock, valued at $1,150,152.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 3,000 shares of company stock worth $481,760. Corporate insiders own 0.74% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Westside Investment Management Inc. lifted 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 purchasing an additional 3 shares during the period. Brightworth lifted its position in Costco Wholesale Corporation by 0.3% in the second quarter. Brightworth now owns 1,334 shares of the retailer’s stock valued at $213,000 after purchasing an additional 4 shares during the period. Pioneer Trust Bank N A OR lifted its position in Costco Wholesale Corporation by 0.4% in the second quarter. Pioneer Trust Bank N A OR now owns 1,659 shares of the retailer’s stock valued at $266,000 after purchasing an additional 7 shares during the period. SVA Plumb Wealth Management LLC lifted its position in shares of Costco Wholesale Corporation by 0.3% during the 2nd quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer’s stock valued at $404,000 after acquiring an additional 7 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of Costco Wholesale Corporation by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 1,390 shares of the retailer’s stock valued at $223,000 after acquiring an additional 7 shares during the period. Hedge funds and other institutional investors own 72.49% 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.

Analyst Recommendations for Costco Wholesale Corporation (NASDAQ:COST)

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