Costco Wholesale Corp. (NASDAQ:COST)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank AG in a research report issued on Friday. They presently have a $195.00 price objective on the retailer’s stock. Deutsche Bank AG’s price objective suggests a potential upside of 29.13% from the stock’s current price.

COST has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Costco Wholesale Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 5th. Robert W. Baird reiterated a “buy” rating on shares of Costco Wholesale Corp. in a research report on Thursday, June 2nd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Costco Wholesale Corp. in a research report on Saturday, July 9th. Argus restated a “buy” rating and set a $175.00 target price on shares of Costco Wholesale Corp. in a research report on Tuesday, July 5th. Finally, Royal Bank Of Canada boosted their target price on shares of Costco Wholesale Corp. from $177.00 to $178.00 and gave the stock an “outperform” rating in a research report on Friday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $172.74.

Shares of Costco Wholesale Corp. (NASDAQ:COST) opened at 151.01 on Friday. The stock has a market cap of $66.07 billion, a price-to-earnings ratio of 28.33 and a beta of 0.71. The company has a 50 day moving average of $157.58 and a 200-day moving average of $156.32. Costco Wholesale Corp. has a one year low of $138.57 and a one year high of $169.73.

Costco Wholesale Corp. (NASDAQ:COST) last posted its quarterly earnings data on Thursday, September 29th. The retailer reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.04. Costco Wholesale Corp. had a net margin of 1.98% and a return on equity of 20.26%. The firm had revenue of $35.73 billion for the quarter. During the same quarter last year, the business earned $1.73 earnings per share. The business’s quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts anticipate that Costco Wholesale Corp. will post $5.95 earnings per share for the current year.

In other news, VP Douglas W. Schutt sold 14,656 shares of the company’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $166.76, for a total transaction of $2,444,034.56. Following the completion of the transaction, the vice president now owns 40,184 shares of the company’s stock, valued at approximately $6,701,083.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John W. Meisenbach sold 5,737 shares of the company’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $167.74, for a total transaction of $962,324.38. Following the transaction, the director now directly owns 4,652 shares of the company’s stock, valued at approximately $780,326.48. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FCM Investments TX bought a new position in Costco Wholesale Corp. during the second quarter worth approximately $133,000. Zions Bancorporation boosted its stake in shares of Costco Wholesale Corp. by 88.2% in the first quarter. Zions Bancorporation now owns 890 shares of the retailer’s stock worth $139,000 after buying an additional 417 shares during the last quarter. Global X Management Co. LLC boosted its stake in shares of Costco Wholesale Corp. by 276.6% in the second quarter. Global X Management Co. LLC now owns 983 shares of the retailer’s stock worth $154,000 after buying an additional 722 shares during the last quarter. PineBridge Investments L.P. boosted its stake in shares of Costco Wholesale Corp. by 11.5% in the second quarter. PineBridge Investments L.P. now owns 1,078 shares of the retailer’s stock worth $169,000 after buying an additional 111 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Costco Wholesale Corp. by 81.4% in the second quarter. Signaturefd LLC now owns 1,094 shares of the retailer’s stock worth $172,000 after buying an additional 491 shares during the last quarter. 73.02% of the stock is owned by institutional investors.

Costco Wholesale Corp. Company Profile

Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico, Canada, United Kingdom (U.K.), Mexico, Japan, Australia, Spain, and through majority-owned subsidiaries in Taiwan and Korea. The Company operated 663 membership warehouses and an average warehouse is approximately 144,000 square feet.

5 Day Chart for NASDAQ:COST

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