Costco Wholesale Co. (NASDAQ:COST) has earned an average recommendation of “Buy” from the thirty-one research firms that are currently covering the firm, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and twenty have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $193.71.
Several analysts recently weighed in on COST shares. Citigroup increased their target price on Costco Wholesale from $155.00 to $187.00 and gave the company a “hold” rating in a research note on Friday, October 6th. Morgan Stanley downgraded Costco Wholesale from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $190.00 to $165.00 in a research note on Friday, October 6th. Zacks Investment Research downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. Oppenheimer restated a “buy” rating on shares of Costco Wholesale in a research note on Friday, October 20th. Finally, Wells Fargo & Co set a $170.00 target price on Costco Wholesale and gave the company a “hold” rating in a research note on Thursday, October 5th.
In other news, Director John W. Meisenbach sold 3,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $187.23, for a total value of $561,690.00. Following the completion of the transaction, the director now directly owns 8,654 shares of the company’s stock, valued at approximately $1,620,288.42. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $161.97, for a total value of $161,970.00. Following the completion of the transaction, the director now directly owns 8,654 shares of the company’s stock, valued at $1,401,688.38. The disclosure for this sale can be found here. Insiders sold a total of 59,842 shares of company stock valued at $10,744,218 in the last quarter. Corporate insiders own 0.74% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Almanack Investment Partners LLC. acquired a new position in shares of Costco Wholesale in the 2nd quarter worth approximately $101,000. Wealthcare Advisory Partners LLC acquired a new stake in Costco Wholesale during the 3rd quarter valued at $102,000. Jacobus Wealth Management Inc. acquired a new stake in Costco Wholesale during the 3rd quarter valued at $103,000. Northwest Investment Counselors LLC acquired a new stake in Costco Wholesale during the 2nd quarter valued at $107,000. Finally, Shamrock Asset Management LLC increased its holdings in Costco Wholesale by 171.3% during the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock valued at $109,000 after purchasing an additional 418 shares in the last quarter. 70.87% of the stock is owned by institutional investors and hedge funds.
Costco Wholesale (COST) traded down $1.35 on Monday, hitting $187.75. The stock had a trading volume of 2,820,000 shares, compared to its average volume of 3,110,000. The company has a market cap of $82,460.00, a P/E ratio of 29.85, a PEG ratio of 3.14 and a beta of 0.98. Costco Wholesale has a 52 week low of $150.00 and a 52 week high of $195.35. 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 (NASDAQ:COST) last announced its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, beating 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 the consensus estimate of $31.01 billion. During the same quarter in the prior year, the company earned $1.24 EPS. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. research analysts predict that Costco Wholesale will post 6.59 EPS for the current year.
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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.
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