Costco Wholesale Corporation (NASDAQ:COST) has been given a $180.00 target price by research analysts at Cowen and Company in a research note issued to investors on Saturday, July 22nd. The firm presently has a “buy” rating on the retailer’s stock. Cowen and Company’s price objective would indicate a potential upside of 14.59% from the stock’s previous close.
A number of other research firms also recently issued reports on COST. Vetr downgraded shares of Costco Wholesale Corporation from a “buy” rating to a “sell” rating and set a $158.38 price objective for the company. in a report on Monday, June 19th. Robert W. Baird restated an “outperform” rating and issued a $200.00 target price on shares of Costco Wholesale Corporation in a research report on Tuesday, May 30th. Barclays PLC restated an “overweight” rating and issued a $190.00 target price (up from $185.00) on shares of Costco Wholesale Corporation in a research report on Sunday, May 28th. BidaskClub cut shares of Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $173.00 target price (down from $191.00) on shares of Costco Wholesale Corporation in a research report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $179.11.
Costco Wholesale Corporation (COST) traded down 0.94% during trading on Friday, reaching $157.08. The company had a trading volume of 2,747,925 shares. The firm has a market capitalization of $68.89 billion, a P/E ratio of 27.27 and a beta of 0.93. The company has a 50-day moving average of $155.32 and a 200-day moving average of $167.38. Costco Wholesale Corporation has a 52-week low of $142.11 and a 52-week high of $183.18. Costco Wholesale Corporation also was the recipient of some unusual options trading activity on Thursday. Traders purchased 6,031 put options on the company. This is an increase of approximately 231% compared to the average daily volume of 1,822 put options.
Costco Wholesale Corporation (NASDAQ:COST) last posted its quarterly earnings data on Thursday, May 25th. The retailer reported $1.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.09. The firm had revenue of $28.86 billion during the quarter, compared to the consensus estimate of $28.57 billion. Costco Wholesale Corporation had a net margin of 2.06% and a return on equity of 20.45%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.24 EPS. Analysts expect that Costco Wholesale Corporation will post $5.77 EPS for the current fiscal year.
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In other news, VP James P. Murphy sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $181.30, for a total value of $906,500.00. Following the completion of the transaction, the vice president now directly owns 48,845 shares in the company, valued at $8,855,598.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $159.25, for a total transaction of $159,250.00. Following the completion of the transaction, the director now owns 4,974 shares of the company’s stock, valued at $792,109.50. The disclosure for this sale can be found here. Insiders have sold 15,000 shares of company stock valued at $2,677,430 in the last quarter. Company insiders own 0.74% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Westside Investment Management Inc. increased its stake in shares of Costco Wholesale Corporation by 0.3% in the second quarter. Westside Investment Management Inc. now owns 1,114 shares of the retailer’s stock worth $168,000 after buying an additional 3 shares in the last quarter. Brightworth increased its stake in shares of Costco Wholesale Corporation by 0.3% in the second quarter. Brightworth now owns 1,334 shares of the retailer’s stock worth $213,000 after buying an additional 4 shares in the last quarter. Pioneer Trust Bank N A OR increased its stake in shares of Costco Wholesale Corporation by 0.4% in the second quarter. Pioneer Trust Bank N A OR now owns 1,659 shares of the retailer’s stock worth $266,000 after buying an additional 7 shares in the last quarter. SVA Plumb Wealth Management LLC increased its stake in shares of Costco Wholesale Corporation by 0.3% in the second quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer’s stock worth $404,000 after buying an additional 7 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Costco Wholesale Corporation by 0.5% in the second quarter. Cetera Investment Advisers now owns 1,390 shares of the retailer’s stock worth $223,000 after buying an additional 7 shares in the last quarter. 73.91% 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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