Costco Wholesale Corporation (NASDAQ:COST) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Monday. The brokerage currently has a $182.22 target price on the retailer’s stock. Vetr‘s price objective suggests a potential upside of 14.82% from the stock’s current price.

COST has been the subject of several other reports. Robert W. Baird set a $200.00 price objective on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $185.00 price objective on shares of Costco Wholesale Corporation in a report on Thursday, May 4th. BidaskClub downgraded shares of Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Cowen and Company set a $180.00 price objective on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a report on Saturday, July 22nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $195.00 price objective on shares of Costco Wholesale Corporation in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Costco Wholesale Corporation currently has an average rating of “Buy” and a consensus target price of $179.56.

Shares of Costco Wholesale Corporation (NASDAQ:COST) opened at 158.70 on Monday. The company has a market cap of $69.60 billion, a PE ratio of 27.55 and a beta of 0.93. The stock’s 50 day moving average price is $155.23 and its 200-day moving average price is $167.36. Costco Wholesale Corporation has a one year low of $142.11 and a one year high of $183.18.

Costco Wholesale Corporation (NASDAQ:COST) last released its quarterly earnings data on Thursday, May 25th. The retailer reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.09. The company had revenue of $28.86 billion during the quarter, compared to the consensus estimate of $28.57 billion. Costco Wholesale Corporation had a net margin of 2.06% and a return on equity of 20.45%. Costco Wholesale Corporation’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $1.24 EPS. On average, analysts expect that Costco Wholesale Corporation will post $5.77 EPS for the current year.

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In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $159.25, for a total value of $159,250.00. Following the completion of the transaction, the director now directly owns 4,974 shares of the company’s stock, valued at $792,109.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel M. Hines sold 5,000 shares of Costco Wholesale Corporation stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $181.32, for a total transaction of $906,600.00. Following the completion of the transaction, the insider now directly owns 28,786 shares of the company’s stock, valued at $5,219,477.52. The disclosure for this sale can be found here. Insiders have sold 15,000 shares of company stock worth $2,677,430 in the last three months. 0.74% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Delta Asset Management LLC TN boosted its position in shares of Costco Wholesale Corporation by 11.6% in the second quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock valued at $100,000 after buying an additional 65 shares during the period. Almanack Investment Partners LLC. purchased a new position in shares of Costco Wholesale Corporation during the second quarter valued at about $101,000. Northwest Investment Counselors LLC purchased a new position in shares of Costco Wholesale Corporation during the second quarter valued at about $107,000. Mercer Capital Advisers Inc. boosted its position in shares of Costco Wholesale Corporation by 3.5% in the second quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock valued at $110,000 after buying an additional 23 shares during the period. Finally, Mosaic Family Wealth LLC boosted its position in shares of Costco Wholesale Corporation by 16.7% in the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock valued at $117,000 after buying an additional 100 shares during the period. 73.91% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Corporation Company Profile

Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.

Analyst Recommendations for Costco Wholesale Corporation (NASDAQ:COST)

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