Costco Wholesale Corporation (COST) Earns “Buy” Rating from Stifel Nicolaus

Stifel Nicolaus reiterated their buy rating on shares of Costco Wholesale Corporation (NASDAQ:COST) in a research report released on Monday morning. The firm currently has a $173.00 price objective on the retailer’s stock.

Several other equities research analysts have also recently commented on COST. UBS AG raised Costco Wholesale Corporation from a market perform rating to an outperform rating in a research note on Monday, June 26th. Guggenheim reaffirmed a neutral rating on shares of Costco Wholesale Corporation in a research note on Thursday, October 5th. BMO Capital Markets set a $160.00 price objective on Costco Wholesale Corporation and gave the stock a hold rating in a research note on Saturday, October 7th. Jefferies Group LLC reaffirmed a hold rating and set a $162.00 price objective (down from $168.00) on shares of Costco Wholesale Corporation in a research note on Friday, October 6th. Finally, Citigroup Inc. reaffirmed a buy rating and set a $190.00 price objective (up from $187.00) on shares of Costco Wholesale Corporation in a research note on Monday. Eleven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Costco Wholesale Corporation currently has a consensus rating of Buy and an average target price of $178.50.

Shares of Costco Wholesale Corporation (COST) opened at 157.87 on Monday. The firm has a market cap of $69.02 billion, a price-to-earnings ratio of 25.97 and a beta of 0.94. The stock has a 50 day moving average price of $159.86 and a 200 day moving average price of $164.59. Costco Wholesale Corporation has a one year low of $142.11 and a one year 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 company had revenue of $42.30 billion during the quarter, compared to analysts’ expectations of $41.55 billion. Costco Wholesale Corporation had a return on equity of 22.33% and a net margin of 2.08%. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period last year, the firm earned $1.77 EPS. On average, equities research analysts forecast that Costco Wholesale Corporation will post $6.43 EPS for the current year.

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In related news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation 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 sale, the director now owns 6,974 shares of the company’s stock, valued at $1,150,152.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 3,000 shares of company stock worth $481,760. 0.74% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. increased its position in shares of Costco Wholesale Corporation by 4.1% in the first quarter. Alliancebernstein L.P. now owns 3,248,905 shares of the retailer’s stock valued at $544,809,000 after acquiring an additional 129,106 shares during the last quarter. Mechanics Bank Trust Department increased its position in Costco Wholesale Corporation by 4.8% during the second quarter. Mechanics Bank Trust Department now owns 33,556 shares of the retailer’s stock worth $5,366,000 after buying an additional 1,529 shares during the last quarter. Cadinha & Co. LLC increased its position in Costco Wholesale Corporation by 7.3% during the second quarter. Cadinha & Co. LLC now owns 124,642 shares of the retailer’s stock worth $19,934,000 after buying an additional 8,518 shares during the last quarter. Main Street Research LLC increased its position in Costco Wholesale Corporation by 4.9% during the first quarter. Main Street Research LLC now owns 64,704 shares of the retailer’s stock worth $10,850,000 after buying an additional 3,023 shares during the last quarter. Finally, Stephens Inc. AR increased its position in Costco Wholesale Corporation by 3.1% during the first quarter. Stephens Inc. AR now owns 44,405 shares of the retailer’s stock worth $7,446,000 after buying an additional 1,350 shares during the last quarter. 72.34% 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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