Costco Wholesale Corporation (NASDAQ:COST)‘s stock had its “hold” rating restated by analysts at Guggenheim in a research note issued to investors on Wednesday.
Several other research firms have also recently commented on COST. Robert W. Baird restated a “buy” rating on shares of Costco Wholesale Corporation in a research note on Friday, November 17th. Wells Fargo & Company set a $170.00 target price on Costco Wholesale Corporation and gave the company a “hold” rating in a research note on Thursday, October 5th. Deutsche Bank AG set a $155.00 target price on Costco Wholesale Corporation and gave the company a “hold” rating in a research note on Friday, October 6th. Citigroup Inc. boosted their target price on Costco Wholesale Corporation from $155.00 to $187.00 and gave the company a “hold” rating in a research note on Friday, October 6th. Finally, Oppenheimer Holdings, Inc. set a $185.00 price target on Costco Wholesale Corporation and gave the stock a “buy” rating in a research report on Friday, October 6th. Twelve equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Costco Wholesale Corporation has an average rating of “Buy” and a consensus price target of $178.34.
Costco Wholesale Corporation (COST) traded down $0.86 during midday trading on Wednesday, reaching $171.62. The company’s stock had a trading volume of 789,884 shares, compared to its average volume of 3,078,009. The company has a market cap of $75,371.96, a PE ratio of 29.64, a price-to-earnings-growth ratio of 2.75 and a beta of 0.93. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.99 and a quick ratio of 0.43. Costco Wholesale Corporation has a 12-month low of $150.00 and a 12-month high of $183.18.
Costco Wholesale Corporation (NASDAQ:COST) last released its earnings results on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.06. The firm had revenue of $42.30 billion for the quarter, compared to analysts’ expectations of $41.55 billion. Costco Wholesale Corporation had a return on equity of 22.21% and a net margin of 2.08%. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.77 EPS. sell-side analysts forecast that Costco Wholesale Corporation will post 6.45 earnings per share for the current fiscal year.
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In related news, VP Richard A. Galanti sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $160.58, for a total transaction of $802,900.00. Following the transaction, the vice president now directly owns 41,396 shares of the company’s stock, valued at approximately $6,647,369.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John D. Mckay sold 8,111 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $172.78, for a total value of $1,401,418.58. Following the transaction, the insider now directly owns 66,751 shares in the company, valued at $11,533,237.78. The disclosure for this sale can be found here. Insiders have sold a total of 30,842 shares of company stock worth $5,128,658 over the last three months. 0.74% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of COST. Delta Asset Management LLC TN grew its holdings in Costco Wholesale Corporation by 11.6% in the 2nd quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock valued at $100,000 after buying an additional 65 shares in the last quarter. Almanack Investment Partners LLC. acquired a new position in Costco Wholesale Corporation in the 2nd quarter valued at $101,000. Wealthcare Advisory Partners LLC acquired a new position in Costco Wholesale Corporation in the 3rd quarter valued at $102,000. Jacobus Wealth Management Inc. acquired a new position in Costco Wholesale Corporation in the 3rd quarter valued at $103,000. Finally, Northwest Investment Counselors LLC acquired a new position in Costco Wholesale Corporation in the 2nd quarter valued at $107,000. 73.54% of the stock is currently owned by institutional investors and hedge funds.
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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