Shares of Costco Wholesale Corporation (NASDAQ:COST) gapped down prior to trading on Monday . The stock had previously closed at $155.18, but opened at $157.09. Costco Wholesale Corporation shares last traded at $154.46, with a volume of 3,995,451 shares trading hands.

Several analysts recently weighed in on the company. UBS AG upgraded Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, June 26th. Sanford C. Bernstein restated a “hold” rating on shares of Costco Wholesale Corporation in a report on Thursday, July 6th. Citigroup Inc. restated a “buy” rating and issued a $190.00 price objective (up from $187.00) on shares of Costco Wholesale Corporation in a report on Monday. Stifel Nicolaus restated a “buy” rating and issued a $173.00 price objective on shares of Costco Wholesale Corporation in a report on Monday. Finally, Zacks Investment Research downgraded Costco Wholesale Corporation from a “buy” rating to a “hold” rating in a report on Monday. Twelve equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $178.50.

The company has a market capitalization of $67.60 billion, a P/E ratio of 25.43 and a beta of 0.94. The stock’s 50-day moving average price is $159.96 and its 200 day moving average price is $164.83.

Costco Wholesale Corporation (NASDAQ:COST) last announced its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.06. Costco Wholesale Corporation had a return on equity of 22.33% and a net margin of 2.08%. The company had revenue of $42.30 billion for the quarter, compared to the consensus estimate of $41.55 billion. During the same period last year, the business posted $1.77 EPS. The company’s revenue was up 15.7% on a year-over-year basis. On average, analysts predict that Costco Wholesale Corporation will post $6.44 EPS for the current fiscal year.

In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $157.59, for a total value of $157,590.00. Following the transaction, the director now directly owns 6,974 shares in the company, valued at approximately $1,099,032.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 3,000 shares of company stock worth $481,760 over the last quarter. Company insiders own 0.74% of the company’s stock.

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Costco Wholesale Corporation by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock valued at $5,380,168,000 after purchasing an additional 937,121 shares during the last quarter. BlackRock Inc. grew its stake in shares of Costco Wholesale Corporation by 2.9% in the 2nd quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock valued at $3,983,097,000 after purchasing an additional 703,825 shares during the last quarter. State Street Corp grew its stake in shares of Costco Wholesale Corporation by 1.3% in the 1st quarter. State Street Corp now owns 18,131,561 shares of the retailer’s stock valued at $3,040,476,000 after purchasing an additional 239,479 shares during the last quarter. Capital World Investors grew its stake in shares of Costco Wholesale Corporation by 6.0% in the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock valued at $2,843,102,000 after purchasing an additional 1,007,720 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Costco Wholesale Corporation by 1.5% in the 1st quarter. FMR LLC now owns 12,099,104 shares of the retailer’s stock valued at $2,028,898,000 after purchasing an additional 177,200 shares during the last quarter. Institutional investors own 72.34% of the company’s stock.

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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.

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