Other analysts also recently issued reports about the stock. UBS AG raised shares of Costco Wholesale Corporation from a market perform rating to an outperform rating in a report on Monday, June 26th. Sanford C. Bernstein reaffirmed a hold rating on shares of Costco Wholesale Corporation in a report on Thursday, July 6th. Credit Suisse Group reaffirmed an outperform rating on shares of Costco Wholesale Corporation in a report on Tuesday. Vetr downgraded shares of Costco Wholesale Corporation from a buy rating to a sell rating and set a $158.38 price objective on the stock. in a report on Monday, June 19th. Finally, Cowen and Company reaffirmed an outperform rating on shares of Costco Wholesale Corporation in a report on Monday, July 24th. Eleven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $178.50.
Costco Wholesale Corporation (NASDAQ COST) opened at 156.87 on Monday. The firm has a 50-day moving average of $159.88 and a 200 day moving average of $164.64. The company has a market capitalization of $68.58 billion, a P/E ratio of 25.80 and a beta of 0.94. Costco Wholesale Corporation has a 52-week low of $142.11 and a 52-week high of $183.18.
Costco Wholesale Corporation (NASDAQ:COST) last released its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, beating the consensus estimate of $2.02 by $0.06. The business had revenue of $42.30 billion for the quarter, compared to the consensus estimate of $41.55 billion. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.33%. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.77 EPS. Equities analysts predict that Costco Wholesale Corporation will post $6.43 earnings per share for the current fiscal year.
In related news, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $157.59, for a total transaction of $157,590.00. Following the completion of the sale, the director now directly owns 6,974 shares in the company, valued at $1,099,032.66. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 3,000 shares of company stock valued at $481,760. 0.74% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in COST. Waldron LP acquired a new stake in Costco Wholesale Corporation during the first quarter worth about $223,000. Great West Life Assurance Co. Can increased its position in Costco Wholesale Corporation by 1.4% during the first quarter. Great West Life Assurance Co. Can now owns 416,137 shares of the retailer’s stock worth $69,772,000 after purchasing an additional 5,582 shares during the last quarter. Willingdon Wealth Management increased its position in Costco Wholesale Corporation by 2.3% during the first quarter. Willingdon Wealth Management now owns 20,134 shares of the retailer’s stock worth $3,376,000 after purchasing an additional 450 shares during the last quarter. WASHINGTON TRUST Co increased its position in Costco Wholesale Corporation by 319.4% during the first quarter. WASHINGTON TRUST Co now owns 27,867 shares of the retailer’s stock worth $4,672,000 after purchasing an additional 21,222 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. acquired a new stake in Costco Wholesale Corporation during the first quarter worth about $201,000. Hedge funds and other institutional investors own 72.34% 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.
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