Costco Wholesale Corporation (NASDAQ:COST)‘s stock had its “buy” rating reissued by stock analysts at Stifel Nicolaus in a report issued on Monday. They presently have a $173.00 target price on the retailer’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 10.28% from the stock’s current price.
Other analysts also recently issued reports about the company. UBS AG upgraded Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, June 26th. Sanford C. Bernstein reiterated a “hold” rating on shares of Costco Wholesale Corporation in a research report on Thursday, July 6th. Vetr downgraded Costco Wholesale Corporation from a “buy” rating to a “sell” rating and set a $158.38 target price for the company. in a research report on Monday, June 19th. Cowen and Company reiterated an “outperform” rating on shares of Costco Wholesale Corporation in a research report on Monday, July 24th. Finally, Wells Fargo & Company reiterated a “hold” rating on shares of Costco Wholesale Corporation in a research report on Thursday, August 3rd. Twelve equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Costco Wholesale Corporation currently has an average rating of “Buy” and a consensus price target of $178.50.
Costco Wholesale Corporation (COST) opened at 156.87 on Monday. The company has a 50-day moving average price of $159.88 and a 200 day moving average price of $164.64. Costco Wholesale Corporation has a 12 month low of $142.11 and a 12 month high of $183.18. The company has a market capitalization of $68.58 billion, a PE ratio of 25.80 and a beta of 0.94.
Costco Wholesale Corporation (NASDAQ:COST) last released its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.06. The business had revenue of $42.30 billion during the quarter, compared to the consensus estimate of $41.55 billion. Costco Wholesale Corporation had a return on equity of 22.33% and a net margin of 2.08%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.77 EPS. On average, equities research analysts forecast that Costco Wholesale Corporation will post $6.43 EPS for the current fiscal year.
In related news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $159.25, for a total transaction of $159,250.00. Following the sale, the director now owns 4,974 shares in the company, valued at approximately $792,109.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 3,000 shares of company stock worth $481,760. 0.74% of the stock is owned by corporate insiders.
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 valued at about $223,000. Tocqueville Asset Management L.P. boosted its position 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 valued at $997,000 after purchasing an additional 105 shares in the last quarter. Quadrant Capital Management LLC boosted its position 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 valued at $2,596,000 after purchasing an additional 100 shares in the last quarter. Advisor Partners LLC boosted its position 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 valued at $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 valued at about $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.
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