Costco Wholesale Corp. (NASDAQ:COST)‘s stock had its “outperform” rating reiterated by equities researchers at BMO Capital Markets in a report released on Monday. They currently have a $180.00 target price on the retailer’s stock. BMO Capital Markets’ price objective points to a potential upside of 20.01% from the company’s previous close.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $179.00 target price on shares of Costco Wholesale Corp. in a research report on Friday, August 5th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Costco Wholesale Corp. in a research report on Sunday, July 10th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and issued a $175.00 target price on shares of Costco Wholesale Corp. in a research report on Saturday, July 9th. Argus reaffirmed a “buy” rating and issued a $175.00 target price on shares of Costco Wholesale Corp. in a research report on Tuesday, July 5th. Finally, Nomura reaffirmed a “buy” rating and issued a $185.00 target price on shares of Costco Wholesale Corp. in a research report on Thursday, August 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $172.74.

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

Shares of Costco Wholesale Corp. (NASDAQ:COST) traded up 0.27% during trading on Monday, hitting $150.40. The stock had a trading volume of 262,149 shares. The stock has a market capitalization of $65.80 billion, a P/E ratio of 28.22 and a beta of 0.71. Costco Wholesale Corp. has a 12-month low of $138.57 and a 12-month high of $169.73. The stock’s 50-day moving average is $155.49 and its 200-day moving average is $156.18.

Costco Wholesale Corp. (NASDAQ:COST) last released its earnings results on Thursday, September 29th. The retailer reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.04. The business had revenue of $35.73 billion for the quarter. Costco Wholesale Corp. had a return on equity of 20.26% and a net margin of 1.98%. Costco Wholesale Corp.’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.73 EPS. Analysts predict that Costco Wholesale Corp. will post $5.95 EPS for the current fiscal year.

In related news, Director Jill S. Ruckelshaus sold 6,180 shares of the business’s stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $166.03, for a total value of $1,026,065.40. Following the sale, the director now owns 26,008 shares of the company’s stock, valued at $4,318,108.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jill S. Ruckelshaus sold 7,442 shares of the business’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $167.10, for a total transaction of $1,243,558.20. Following the completion of the sale, the director now directly owns 18,566 shares in the company, valued at approximately $3,102,378.60. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. CIBC World Markets Inc. boosted its stake in shares of Costco Wholesale Corp. by 18.6% in the first quarter. CIBC World Markets Inc. now owns 70,859 shares of the retailer’s stock valued at $11,166,000 after buying an additional 11,114 shares in the last quarter. Godsey & Gibb Associates boosted its stake in shares of Costco Wholesale Corp. by 1.7% in the first quarter. Godsey & Gibb Associates now owns 77,661 shares of the retailer’s stock valued at $12,238,000 after buying an additional 1,265 shares in the last quarter. WASHINGTON TRUST Co boosted its stake in shares of Costco Wholesale Corp. by 1.2% in the first quarter. WASHINGTON TRUST Co now owns 6,736 shares of the retailer’s stock valued at $1,062,000 after buying an additional 81 shares in the last quarter. Cornerstone Financial Partners LLC acquired a new stake in shares of Costco Wholesale Corp. during the first quarter valued at $345,000. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Costco Wholesale Corp. by 9.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 242,402 shares of the retailer’s stock valued at $38,198,000 after buying an additional 21,528 shares in the last quarter. 73.11% of the stock is currently 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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