Costco Wholesale Corp. (NASDAQ:COST) received a $175.00 price target from equities researchers at Robert W. Baird in a report issued on Monday. The firm presently has a “buy” rating on the retailer’s stock. Robert W. Baird’s price objective indicates a potential upside of 15.55% from the stock’s previous close.

Several other research firms also recently commented on COST. Zacks Investment Research downgraded Costco Wholesale Corp. from a “buy” rating to a “sell” rating in a research report on Wednesday, September 7th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $171.00 price target on shares of Costco Wholesale Corp. in a research note on Friday, November 4th. Deutsche Bank AG reiterated a “buy” rating and issued a $195.00 price target on shares of Costco Wholesale Corp. in a research note on Friday, September 30th. Vetr upgraded Costco Wholesale Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, September 1st. Finally, Jefferies Group reiterated a “hold” rating on shares of Costco Wholesale Corp. in a research note on Monday, September 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Costco Wholesale Corp. currently has an average rating of “Buy” and an average price target of $172.11.

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

Shares of Costco Wholesale Corp. (NASDAQ:COST) opened at 151.48 on Monday. Costco Wholesale Corp. has a 1-year low of $138.57 and a 1-year high of $169.73. The stock has a 50 day moving average price of $149.38 and a 200 day moving average price of $155.57. The firm has a market capitalization of $66.22 billion, a PE ratio of 28.42 and a beta of 0.85.

Costco Wholesale Corp. (NASDAQ:COST) last posted its earnings results on Thursday, September 29th. The retailer reported $1.77 EPS for the quarter, beating the consensus estimate of $1.73 by $0.04. Costco Wholesale Corp. had a return on equity of 20.26% and a net margin of 1.98%. The company had revenue of $35.73 billion for the quarter. During the same period in the previous year, the company posted $1.73 EPS. Costco Wholesale Corp.’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities research analysts anticipate that Costco Wholesale Corp. will post $5.93 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Friday, November 4th were given a $0.45 dividend. The ex-dividend date was Wednesday, November 2nd. This represents a $1.80 annualized dividend and a yield of 1.19%. Costco Wholesale Corp.’s payout ratio is 33.71%.

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In other Costco Wholesale Corp. news, Director Richard M. Libenson sold 2,385 shares of Costco Wholesale Corp. stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $151.00, for a total transaction of $360,135.00. Following the transaction, the director now owns 4,449 shares of the company’s stock, valued at approximately $671,799. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James D. Sinegal sold 20,114 shares of Costco Wholesale Corp. stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $149.02, for a total transaction of $2,997,388.28. Following the transaction, the director now directly owns 768,136 shares in the company, valued at approximately $114,467,626.72. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of COST. FCM Investments TX purchased a new position in Costco Wholesale Corp. during the second quarter valued at approximately $133,000. Global X Management Co. LLC boosted its position in Costco Wholesale Corp. by 276.6% in the second quarter. Global X Management Co. LLC now owns 983 shares of the retailer’s stock valued at $154,000 after buying an additional 722 shares in the last quarter. PineBridge Investments L.P. boosted its position in Costco Wholesale Corp. by 11.5% in the second quarter. PineBridge Investments L.P. now owns 1,078 shares of the retailer’s stock valued at $169,000 after buying an additional 111 shares in the last quarter. Signaturefd LLC boosted its position in Costco Wholesale Corp. by 81.4% in the second quarter. Signaturefd LLC now owns 1,094 shares of the retailer’s stock valued at $172,000 after buying an additional 491 shares in the last quarter. Finally, Peddock Capital Advisors LLC purchased a new position in Costco Wholesale Corp. during the third quarter valued at approximately $181,000. 71.95% of the stock is currently owned by hedge funds and other 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.

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