Costco Wholesale Corporation (NASDAQ:COST)‘s stock had its “buy” rating restated by stock analysts at UBS AG in a note issued to investors on Friday. They currently have a $190.00 target price on the retailer’s stock. UBS AG’s price objective would indicate a potential upside of 13.75% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. Morgan Stanley cut Costco Wholesale Corporation from an “overweight” rating to an “equal weight” rating and set a $165.00 target price for the company. in a research note on Friday. Oppenheimer Holdings, Inc. set a $185.00 target price on Costco Wholesale Corporation and gave the stock a “buy” rating in a research note on Friday. Citigroup Inc. boosted their target price on Costco Wholesale Corporation from $155.00 to $187.00 and gave the stock a “hold” rating in a research note on Friday. Deutsche Bank AG set a $155.00 target price on Costco Wholesale Corporation and gave the stock a “hold” rating in a research note on Friday. Finally, Wells Fargo & Company set a $170.00 target price on Costco Wholesale Corporation and gave the stock a “hold” rating in a research note on Thursday. Twelve equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Costco Wholesale Corporation presently has an average rating of “Buy” and a consensus target price of $178.18.

Costco Wholesale Corporation (COST) traded down 5.75% during trading on Friday, hitting $157.47. 8,489,995 shares of the stock traded hands. The company has a market cap of $69.07 billion, a P/E ratio of 27.34 and a beta of 0.94. The company’s 50 day moving average price is $160.00 and its 200 day moving average price is $164.90. Costco Wholesale Corporation has a 12 month low of $142.11 and a 12 month high of $183.18. Costco Wholesale Corporation also was the target of some unusual options trading on Thursday. Investors purchased 21,435 call options on the stock. This represents an increase of approximately 266% compared to the typical volume of 5,855 call options.

Costco Wholesale Corporation (NASDAQ:COST) last posted its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.06. The firm had revenue of $42.30 billion during the quarter, compared to analysts’ expectations of $41.55 billion. Costco Wholesale Corporation had a return on equity of 20.45% and a net margin of 2.06%. The firm’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.77 earnings per share. On average, equities research analysts anticipate that Costco Wholesale Corporation will post $5.78 EPS for the current fiscal year.

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In related news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $157.59, for a total transaction of $157,590.00. Following the transaction, the director now owns 6,974 shares of the company’s stock, valued at $1,099,032.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 3,000 shares of company stock worth $481,760 in the last ninety days. 0.74% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Westside Investment Management Inc. grew its holdings in Costco Wholesale Corporation by 0.3% in the second quarter. Westside Investment Management Inc. now owns 1,114 shares of the retailer’s stock valued at $168,000 after purchasing an additional 3 shares during the last quarter. Brightworth grew its holdings in Costco Wholesale Corporation by 0.3% in the second quarter. Brightworth now owns 1,334 shares of the retailer’s stock valued at $213,000 after purchasing an additional 4 shares during the last quarter. Pioneer Trust Bank N A OR grew its holdings in Costco Wholesale Corporation by 0.4% in the second quarter. Pioneer Trust Bank N A OR now owns 1,659 shares of the retailer’s stock valued at $266,000 after purchasing an additional 7 shares during the last quarter. SVA Plumb Wealth Management LLC grew its holdings in Costco Wholesale Corporation by 0.3% in the second quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer’s stock valued at $404,000 after purchasing an additional 7 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in Costco Wholesale Corporation by 0.5% in the second quarter. Cetera Investment Advisers now owns 1,390 shares of the retailer’s stock valued at $223,000 after purchasing an additional 7 shares during the last quarter. 72.35% of the stock is currently owned by hedge funds and other institutional investors.

About Costco Wholesale Corporation

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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