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

A number of other equities research analysts have also recently commented on COST. Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $175.00 price objective on shares of Costco Wholesale Corp. in a research note on Saturday, July 9th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Costco Wholesale Corp. in a research note on Saturday, July 9th. Deutsche Bank AG reissued a “buy” rating on shares of Costco Wholesale Corp. in a research note on Sunday, July 10th. Nomura set a $185.00 price objective on shares of Costco Wholesale Corp. and gave the company a “buy” rating in a research note on Saturday, October 1st. Finally, Cowen and Company set a $170.00 price objective on shares of Costco Wholesale Corp. and gave the company a “buy” rating in a research note on Sunday, October 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the company’s stock. Costco Wholesale Corp. currently has an average rating of “Buy” and a consensus price target of $172.74.

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

Costco Wholesale Corp. (NASDAQ:COST) opened at 149.99 on Friday. The firm has a market cap of $65.62 billion, a PE ratio of 28.14 and a beta of 0.71. The company has a 50 day moving average of $155.49 and a 200-day moving average of $156.18. 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 issued its quarterly earnings data on Thursday, September 29th. The retailer reported $1.77 EPS for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.04. The firm had revenue of $35.73 billion for the quarter. Costco Wholesale Corp. had a net margin of 1.98% and a return on equity of 20.26%. Costco Wholesale Corp.’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.73 earnings per share. On average, equities research analysts predict that Costco Wholesale Corp. will post $5.95 earnings per share 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 completion of the sale, the chief financial officer now owns 30,536 shares of the company’s stock, valued at $5,101,954.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Douglas W. Schutt sold 14,656 shares of the firm’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $166.76, for a total transaction of $2,444,034.56. Following the sale, the vice president now directly owns 40,184 shares of the company’s stock, valued at approximately $6,701,083.84. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Costco Wholesale Corp. by 1.7% in the second quarter. Vanguard Group Inc. now owns 29,810,741 shares of the retailer’s stock worth $4,681,478,000 after buying an additional 494,125 shares during the last quarter. State Street Corp increased its stake in Costco Wholesale Corp. by 2.3% in the first quarter. State Street Corp now owns 17,701,203 shares of the retailer’s stock worth $2,789,351,000 after buying an additional 395,068 shares during the last quarter. Wellington Management Group LLP increased its stake in Costco Wholesale Corp. by 39.9% in the first quarter. Wellington Management Group LLP now owns 14,278,020 shares of the retailer’s stock worth $2,249,930,000 after buying an additional 4,074,799 shares during the last quarter. FMR LLC increased its stake in Costco Wholesale Corp. by 5.9% in the second quarter. FMR LLC now owns 12,755,948 shares of the retailer’s stock worth $2,003,195,000 after buying an additional 707,695 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Costco Wholesale Corp. by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 11,664,444 shares of the retailer’s stock worth $1,838,083,000 after buying an additional 168,704 shares during the last quarter. 73.02% of the stock is owned by institutional investors and hedge funds.

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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