Barclays Reiterates Buy Rating for Costco Wholesale (COST)

Costco Wholesale (NASDAQ:COST)‘s stock had its “buy” rating restated by stock analysts at Barclays in a note issued to investors on Tuesday. They presently have a $208.00 price objective on the retailer’s stock. Barclays’ price target would indicate a potential upside of 10.93% from the company’s previous close.

A number of other analysts have also recently issued reports on the company. Vetr upgraded Costco Wholesale from a “sell” rating to a “hold” rating and set a $186.56 price objective on the stock in a research report on Monday. BMO Capital Markets upgraded Costco Wholesale from a “market perform” rating to an “outperform” rating and upped their price target for the company from $192.73 to $215.00 in a research report on Monday. Susquehanna Bancshares upped their price target on Costco Wholesale from $205.00 to $215.00 and gave the company a “positive” rating in a research report on Friday, December 15th. Oppenheimer reiterated a “buy” rating on shares of Costco Wholesale in a research report on Friday, December 15th. Finally, Morgan Stanley set a $175.00 price target on Costco Wholesale and gave the company a “hold” rating in a research report on Friday, December 15th. Eleven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Costco Wholesale currently has an average rating of “Buy” and a consensus target price of $187.32.

Shares of Costco Wholesale (NASDAQ:COST) opened at $187.51 on Tuesday. The stock has a market capitalization of $82,711.71, a P/E ratio of 31.34, a PEG ratio of 3.17 and a beta of 0.98. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.57. Costco Wholesale has a 1 year low of $150.00 and a 1 year high of $195.35.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.01. The business had revenue of $31.81 billion for the quarter, compared to analysts’ expectations of $31.01 billion. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. Costco Wholesale’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.24 earnings per share. analysts predict that Costco Wholesale will post 6.52 EPS for the current year.

In other Costco Wholesale news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $164.92, for a total value of $164,920.00. Following the transaction, the director now owns 6,974 shares of the company’s stock, valued at $1,150,152.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Dennis R. Zook sold 5,000 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $161.92, for a total value of $809,600.00. Following the completion of the transaction, the vice president now directly owns 626 shares in the company, valued at approximately $101,361.92. The disclosure for this sale can be found here. Insiders have sold 57,842 shares of company stock worth $10,347,448 in the last ninety days. 0.74% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Costco Wholesale by 2.9% during the second quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock worth $5,380,168,000 after buying an additional 937,121 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Costco Wholesale by 2.9% during the second quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock worth $3,983,097,000 after buying an additional 703,825 shares in the last quarter. Capital World Investors grew its holdings in shares of Costco Wholesale by 6.0% during the second quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock worth $2,843,102,000 after buying an additional 1,007,720 shares in the last quarter. FMR LLC grew its holdings in shares of Costco Wholesale by 1.5% during the first quarter. FMR LLC now owns 12,099,104 shares of the retailer’s stock worth $2,028,898,000 after buying an additional 177,200 shares in the last quarter. Finally, Capital Research Global Investors grew its holdings in shares of Costco Wholesale by 2.3% during the second quarter. Capital Research Global Investors now owns 9,281,245 shares of the retailer’s stock worth $1,484,350,000 after buying an additional 207,675 shares in the last quarter. Institutional investors own 71.22% of the company’s stock.

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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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