Costco Wholesale (NASDAQ:COST) was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating in a report issued on Monday, December 18th. The brokerage presently has a $186.56 price objective on the retailer’s stock. Vetr‘s price objective would indicate a potential downside of 2.75% from the company’s previous close.
Other analysts also recently issued research reports about the stock. Robert W. Baird reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Costco Wholesale in a research report on Thursday, August 31st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $173.00 price objective on shares of Costco Wholesale in a research report on Monday, October 9th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Costco Wholesale in a research report on Monday, December 4th. Zacks Investment Research raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $180.00 price target for the company in a research report on Tuesday, September 19th. Finally, Bank of America reissued a “buy” rating and set a $192.00 price target on shares of Costco Wholesale in a research report on Monday, October 9th. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $188.90.
Shares of Costco Wholesale (NASDAQ COST) traded up $2.46 during mid-day trading on Monday, hitting $191.84. 3,496,876 shares of the stock traded hands, compared to its average volume of 3,230,000. Costco Wholesale has a 1-year low of $150.00 and a 1-year 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. The stock has a market cap of $84,250.00, a price-to-earnings ratio of 30.50, a P/E/G ratio of 3.14 and a beta of 0.98.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.01. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The firm had revenue of $31.81 billion for the quarter, compared to analyst estimates of $31.01 billion. During the same quarter last year, the firm posted $1.24 earnings per share. Costco Wholesale’s revenue for the quarter was up 13.2% compared to the same quarter last year. equities analysts expect that Costco Wholesale will post 6.61 earnings per share for the current year.
In related news, VP Richard A. Galanti sold 5,000 shares of Costco Wholesale stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $160.58, for a total value of $802,900.00. Following the transaction, the vice president now owns 41,396 shares of the company’s stock, valued at approximately $6,647,369.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Paul G. Moulton sold 4,381 shares of Costco Wholesale stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $168.16, for a total value of $736,708.96. Following the completion of the transaction, the vice president now directly owns 52,858 shares in the company, valued at approximately $8,888,601.28. The disclosure for this sale can be found here. Insiders sold a total of 87,027 shares of company stock worth $15,872,935 in the last three months. 0.74% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Costco Wholesale by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock valued at $5,380,168,000 after buying an additional 937,121 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Costco Wholesale by 2.9% during the 2nd quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock valued at $3,983,097,000 after buying an additional 703,825 shares during the last quarter. Capital World Investors lifted its holdings in shares of Costco Wholesale by 6.0% during the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock valued at $2,843,102,000 after buying an additional 1,007,720 shares during the last quarter. FMR LLC lifted its holdings in shares of Costco Wholesale by 1.5% during the 1st quarter. FMR LLC now owns 12,099,104 shares of the retailer’s stock valued at $2,028,898,000 after buying an additional 177,200 shares during the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of Costco Wholesale by 2.3% during the 2nd quarter. Capital Research Global Investors now owns 9,281,245 shares of the retailer’s stock valued at $1,484,350,000 after buying an additional 207,675 shares during the last quarter. 70.91% of the stock is currently owned by institutional investors.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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