Costco Wholesale Co. (COST) Given Average Rating of “Buy” by Brokerages

Costco Wholesale Co. (NASDAQ:COST) has been assigned a consensus rating of “Buy” from the thirty-two research firms that are currently covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $194.89.

Several analysts recently issued reports on COST shares. Moffett Nathanson started coverage on Costco Wholesale in a research report on Monday, December 4th. They set a “buy” rating for the company. < Robert W. Baird reiterated a "buy" rating and set a $215.00 target price on shares of Costco Wholesale in a research report on Friday, December 15th. Susquehanna Bancshares increased their target price on Costco Wholesale from $205.00 to $215.00 and gave the stock a "positive" rating in a research report on Friday, December 15th. Stifel Nicolaus reiterated a "buy" rating and set a $200.00 target price (up previously from $185.00) on shares of Costco Wholesale in a research report on Friday, December 15th. Finally, Vetr cut Costco Wholesale from a “hold” rating to a “sell” rating and set a $175.44 price target for the company. in a report on Friday, December 1st.

In related news, Director James D. Sinegal sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $192.06, for a total transaction of $5,761,800.00. Following the completion of the sale, the director now directly owns 746,209 shares of the company’s stock, valued at approximately $143,316,900.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel M. Hines sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $188.62, for a total value of $943,100.00. Following the sale, the insider now directly owns 30,853 shares of the company’s stock, valued at $5,819,492.86. The disclosure for this sale can be found here. Insiders sold a total of 91,185 shares of company stock valued at $17,408,817 over the last ninety days. Corporate insiders own 0.58% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Westside Investment Management Inc. lifted its stake in shares of Costco Wholesale by 0.3% during the 2nd quarter. Westside Investment Management Inc. now owns 1,114 shares of the retailer’s stock worth $168,000 after acquiring an additional 3 shares during the last quarter. SVA Plumb Wealth Management LLC lifted its stake in shares of Costco Wholesale by 0.3% during the 2nd quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer’s stock worth $404,000 after acquiring an additional 7 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Costco Wholesale by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 1,390 shares of the retailer’s stock worth $223,000 after acquiring an additional 7 shares during the last quarter. Ray Gerald L & Associates Ltd. lifted its stake in shares of Costco Wholesale by 1.6% during the 2nd quarter. Ray Gerald L & Associates Ltd. now owns 1,285 shares of the retailer’s stock worth $206,000 after acquiring an additional 20 shares during the last quarter. Finally, Keel Point LLC lifted its stake in shares of Costco Wholesale by 1.6% during the 2nd quarter. Keel Point LLC now owns 1,722 shares of the retailer’s stock worth $275,000 after acquiring an additional 27 shares during the last quarter. 70.87% of the stock is owned by hedge funds and other institutional investors.

Shares of Costco Wholesale (NASDAQ COST) opened at $191.56 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale has a 1 year low of $150.00 and a 1 year high of $199.88. The stock has a market capitalization of $84,130.00, a PE ratio of 30.45, a P/E/G ratio of 3.13 and a beta of 0.99.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.01. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The firm had revenue of $31.81 billion during the quarter, compared to analysts’ expectations of $31.01 billion. During the same quarter last year, the business posted $1.24 earnings per share. The firm’s revenue was up 13.2% on a year-over-year basis. analysts forecast that Costco Wholesale will post 6.71 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, February 15th. Costco Wholesale’s payout ratio is 31.80%.

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About Costco Wholesale

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 (NASDAQ:COST)

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