Costco Wholesale Corp. (NASDAQ:COST)‘s stock had its “neutral” rating reiterated by analysts at Guggenheim in a research report issued to clients and investors on Saturday.

A number of other equities research analysts have also issued reports on the stock. Argus reissued a “buy” rating and issued a $175.00 price objective on shares of Costco Wholesale Corp. in a report on Tuesday. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $171.00 target price on shares of Costco Wholesale Corp. in a research note on Wednesday, July 6th. Zacks Investment Research lowered shares of Costco Wholesale Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. Jefferies Group reaffirmed a “hold” rating on shares of Costco Wholesale Corp. in a research note on Monday, September 12th. Finally, Nomura reaffirmed a “buy” rating and set a $185.00 target price on shares of Costco Wholesale Corp. in a research note on Thursday, August 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have assigned a buy rating to the company’s stock. Costco Wholesale Corp. has an average rating of “Buy” and an average target price of $172.74.

Analyst Recommendations for Costco Wholesale Corp. (NASDAQ:COST)

Shares of Costco Wholesale Corp. (NASDAQ:COST) opened at 149.99 on Friday. Costco Wholesale Corp. has a one year low of $138.57 and a one year high of $169.73. The company’s 50-day moving average is $155.49 and its 200-day moving average is $156.18. The company has a market cap of $65.62 billion, a price-to-earnings ratio of 28.14 and a beta of 0.71.

Costco Wholesale Corp. (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 29th. The retailer reported $1.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 earned $35.73 billion during the quarter. During the same period in the prior year, the company posted $1.73 EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities analysts predict that Costco Wholesale Corp. will post $5.95 EPS for the current year.

In other news, CFO Richard A. Galanti sold 2,400 shares of the firm’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $167.08, for a total transaction of $400,992.00. Following the transaction, the chief financial officer now directly owns 30,536 shares in the company, valued at $5,101,954.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jill S. Ruckelshaus sold 6,180 shares of the firm’s stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $166.03, for a total transaction of $1,026,065.40. Following the transaction, the director now owns 26,008 shares in the company, valued at $4,318,108.24. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Buckingham Capital Management Inc. raised its position in Costco Wholesale Corp. by 0.4% in the second quarter. Buckingham Capital Management Inc. now owns 2,337 shares of the retailer’s stock worth $367,000 after buying an additional 10 shares during the period. CHICAGO TRUST Co NA raised its position in Costco Wholesale Corp. by 0.6% in the second quarter. CHICAGO TRUST Co NA now owns 2,614 shares of the retailer’s stock worth $410,000 after buying an additional 15 shares during the period. Financial Architects Inc raised its position in Costco Wholesale Corp. by 0.7% in the second quarter. Financial Architects Inc now owns 2,208 shares of the retailer’s stock worth $347,000 after buying an additional 15 shares during the period. Buckingham Asset Management LLC raised its position in Costco Wholesale Corp. by 0.9% in the second quarter. Buckingham Asset Management LLC now owns 2,240 shares of the retailer’s stock worth $352,000 after buying an additional 19 shares during the period. Finally, SSI Investment Management Inc. raised its position in Costco Wholesale Corp. by 1.1% in the second quarter. SSI Investment Management Inc. now owns 1,677 shares of the retailer’s stock worth $264,000 after buying an additional 19 shares during the period. Institutional investors and hedge funds own 73.02% of the company’s stock.

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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