Costco Wholesale Corporation (NASDAQ:COST) has been assigned a $160.00 price objective by stock analysts at BMO Capital Markets in a report released on Tuesday. The brokerage presently has a “hold” rating on the retailer’s stock. BMO Capital Markets’ price objective indicates a potential upside of 3.60% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Gordon Haskett initiated coverage on shares of Costco Wholesale Corporation in a report on Tuesday, May 9th. They set an “accumulate” rating and a $191.00 price target for the company. Stifel Nicolaus restated a “buy” rating and issued a $185.00 target price on shares of Costco Wholesale Corporation in a report on Thursday, May 4th. Citigroup Inc. upped their target price on shares of Costco Wholesale Corporation from $196.00 to $201.00 and gave the company a “buy” rating in a report on Tuesday, May 30th. Bank of America Corporation restated a “buy” rating and issued a $192.00 target price (up previously from $180.00) on shares of Costco Wholesale Corporation in a report on Sunday, May 28th. Finally, Oppenheimer Holdings, Inc. set a $185.00 target price on shares of Costco Wholesale Corporation and gave the company a “buy” rating in a report on Saturday, May 27th. 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 issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $179.78.

Costco Wholesale Corporation (NASDAQ COST) opened at 154.44 on Tuesday. The stock has a market capitalization of $67.74 billion, a price-to-earnings ratio of 26.81 and a beta of 0.93. Costco Wholesale Corporation has a 12-month low of $142.11 and a 12-month high of $183.18. The stock’s 50 day moving average is $155.03 and its 200 day moving average is $167.02.

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In other news, insider Daniel M. Hines sold 5,000 shares of Costco Wholesale Corporation stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $181.32, for a total transaction of $906,600.00. Following the sale, the insider now owns 28,786 shares in the company, valued at $5,219,477.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $160.28, for a total transaction of $160,280.00. Following the sale, the director now owns 5,974 shares in the company, valued at approximately $957,512.72. 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 quarter. Insiders own 0.74% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Alliancebernstein L.P. raised its stake in shares of Costco Wholesale Corporation by 4.1% in the first quarter. Alliancebernstein L.P. now owns 3,248,905 shares of the retailer’s stock worth $544,809,000 after buying an additional 129,106 shares during the period. Main Street Research LLC raised its stake in shares of Costco Wholesale Corporation by 4.9% in the first quarter. Main Street Research LLC now owns 64,704 shares of the retailer’s stock worth $10,850,000 after buying an additional 3,023 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Costco Wholesale Corporation by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 6,254,387 shares of the retailer’s stock worth $1,048,798,000 after buying an additional 79,201 shares during the period. Swiss National Bank raised its stake in shares of Costco Wholesale Corporation by 26.2% in the first quarter. Swiss National Bank now owns 1,597,008 shares of the retailer’s stock worth $267,802,000 after buying an additional 331,400 shares during the period. Finally, Palo Capital Inc. raised its stake in shares of Costco Wholesale Corporation by 0.7% in the second quarter. Palo Capital Inc. now owns 7,669 shares of the retailer’s stock worth $1,227,000 after buying an additional 50 shares during the period. Institutional investors own 72.51% of the company’s stock.

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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