Costco Wholesale Corporation (NASDAQ:COST) has been assigned a $172.00 price target by stock analysts at Deutsche Bank AG in a report released on Monday, July 31st. The firm presently has a “hold” rating on the retailer’s stock. Deutsche Bank AG’s target price would suggest a potential upside of 9.50% from the stock’s current price.
Several other equities analysts have also weighed in on COST. UBS AG upgraded Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, June 26th. Guggenheim restated a “neutral” rating and set a $167.00 target price on shares of Costco Wholesale Corporation in a report on Friday, April 7th. Vetr upgraded Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $168.75 price objective on the stock in a research note on Monday, July 24th. BMO Capital Markets set a $195.00 price objective on Costco Wholesale Corporation and gave the stock a “buy” rating in a research note on Friday, May 26th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $185.00 price objective on shares of Costco Wholesale Corporation in a research note on Friday, April 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $179.11.
Costco Wholesale Corporation (NASDAQ:COST) traded down 0.94% during midday trading on Monday, reaching $157.08. The company’s stock had a trading volume of 2,747,925 shares. The stock has a market cap of $68.89 billion, a P/E ratio of 27.27 and a beta of 0.93. Costco Wholesale Corporation has a 12-month low of $142.11 and a 12-month high of $183.18. The stock’s 50 day moving average is $155.32 and its 200 day moving average is $167.38. Costco Wholesale Corporation also saw some unusual options trading on Thursday. Traders acquired 6,031 put options on the stock. This represents an increase of 231% compared to the typical daily volume of 1,822 put options.
Costco Wholesale Corporation (NASDAQ:COST) last posted its earnings results on Thursday, May 25th. The retailer reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.09. Costco Wholesale Corporation had a return on equity of 20.45% and a net margin of 2.06%. The company had revenue of $28.86 billion for the quarter, compared to analyst estimates of $28.57 billion. During the same period last year, the company earned $1.24 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. Analysts anticipate that Costco Wholesale Corporation will post $5.77 earnings per share for the current year.
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In related news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $159.25, for a total value of $159,250.00. Following the completion of the transaction, the director now directly owns 4,974 shares of the company’s stock, valued at approximately $792,109.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP James P. Murphy sold 5,000 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $181.30, for a total transaction of $906,500.00. Following the completion of the transaction, the vice president now directly owns 48,845 shares of the company’s stock, valued at $8,855,598.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,000 shares of company stock valued at $2,677,430. Company insiders own 0.74% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Wealthfront Inc. acquired a new position in Costco Wholesale Corporation during the fourth quarter worth approximately $1,990,000. RMB Capital Management LLC boosted its stake in shares of Costco Wholesale Corporation by 13.1% in the fourth quarter. RMB Capital Management LLC now owns 26,849 shares of the retailer’s stock worth $4,299,000 after buying an additional 3,101 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in shares of Costco Wholesale Corporation by 32.1% in the fourth quarter. Perigon Wealth Management LLC now owns 25,822 shares of the retailer’s stock worth $4,396,000 after buying an additional 6,271 shares during the last quarter. Whalerock Point Partners LLC boosted its stake in shares of Costco Wholesale Corporation by 22.9% in the fourth quarter. Whalerock Point Partners LLC now owns 6,925 shares of the retailer’s stock worth $1,109,000 after buying an additional 1,290 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of Costco Wholesale Corporation by 15.0% in the fourth quarter. Teachers Advisors LLC now owns 773,569 shares of the retailer’s stock worth $123,856,000 after buying an additional 100,731 shares during the last quarter. Institutional investors own 73.91% of the company’s stock.
About Costco Wholesale Corporation
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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