Costco Wholesale Corporation’s (COST) Buy Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reissued their buy rating on shares of Costco Wholesale Corporation (NASDAQ:COST) in a report published on Monday. The brokerage currently has a $173.00 price target on the retailer’s stock.

A number of other analysts have also commented on the company. Bank of America Corporation reiterated a buy rating and issued a $192.00 price objective on shares of Costco Wholesale Corporation in a research report on Monday. Citigroup Inc. reiterated a buy rating and issued a $190.00 price objective (up from $187.00) on shares of Costco Wholesale Corporation in a research report on Monday. Zacks Investment Research lowered Costco Wholesale Corporation from a buy rating to a hold rating in a research report on Monday. BMO Capital Markets set a $160.00 price objective on Costco Wholesale Corporation and gave the stock a hold rating in a research report on Saturday, October 7th. Finally, Cowen and Company set a $182.00 price objective on Costco Wholesale Corporation and gave the stock a buy rating in a research report on Friday, October 6th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $178.50.

Shares of Costco Wholesale Corporation (NASDAQ:COST) opened at 157.78 on Monday. The firm has a market capitalization of $68.98 billion, a P/E ratio of 25.95 and a beta of 0.94. The firm has a 50-day moving average of $159.80 and a 200-day moving average of $164.54. 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 data on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.06. The firm had revenue of $42.30 billion during the quarter, compared to analyst estimates of $41.55 billion. Costco Wholesale Corporation had a return on equity of 22.33% and a net margin of 2.08%. The company’s revenue was up 15.7% on a year-over-year basis. During the same period last year, the company earned $1.77 earnings per share. On average, equities analysts predict that Costco Wholesale Corporation will post $6.43 earnings per share for the current fiscal year.

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In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $164.92, for a total value of $164,920.00. Following the sale, the director now owns 6,974 shares in the company, valued at approximately $1,150,152.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 3,000 shares of company stock worth $481,760 in the last 90 days. Company insiders own 0.74% of the company’s stock.

Several institutional investors have recently made changes to their positions in COST. Waldron LP bought a new stake in shares of Costco Wholesale Corporation during the 1st quarter worth approximately $223,000. Tocqueville Asset Management L.P. raised its stake in shares of Costco Wholesale Corporation by 1.8% during the 1st quarter. Tocqueville Asset Management L.P. now owns 5,943 shares of the retailer’s stock worth $997,000 after purchasing an additional 105 shares in the last quarter. Quadrant Capital Management LLC raised its stake in shares of Costco Wholesale Corporation by 0.7% during the 1st quarter. Quadrant Capital Management LLC now owns 15,481 shares of the retailer’s stock worth $2,596,000 after purchasing an additional 100 shares in the last quarter. Advisor Partners LLC raised its stake in shares of Costco Wholesale Corporation by 1.6% during the 1st quarter. Advisor Partners LLC now owns 10,491 shares of the retailer’s stock worth $1,759,000 after purchasing an additional 166 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Costco Wholesale Corporation during the 1st quarter worth approximately $2,302,000. Institutional investors own 72.34% 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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