Costco Wholesale Corporation (NASDAQ:COST)‘s stock had its “buy” rating reaffirmed by equities researchers at Stifel Nicolaus in a report issued on Monday. They presently have a $173.00 price target on the retailer’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 10.13% from the company’s current price.

Other analysts have also issued research reports about the company. Robert W. Baird reissued a “buy” rating and issued a $200.00 target price on shares of Costco Wholesale Corporation in a research report on Wednesday, June 28th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Costco Wholesale Corporation in a research report on Monday, June 19th. BidaskClub lowered Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Northcoast Research raised Costco Wholesale Corporation from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Tuesday, June 20th. Finally, Vetr raised Costco Wholesale Corporation from a “hold” rating to a “buy” rating and set a $165.58 target price on the stock in a research report on Thursday, June 29th. Twelve equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Costco Wholesale Corporation presently has a consensus rating of “Buy” and an average target price of $178.50.

Shares of Costco Wholesale Corporation (NASDAQ:COST) traded down 1.7314% on Monday, reaching $154.3701. The company had a trading volume of 4,969,215 shares. The stock has a market capitalization of $67.49 billion, a P/E ratio of 25.3898 and a beta of 0.94. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18. The company’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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.06. The company had revenue of $42.30 billion for the quarter, compared to analyst estimates of $41.55 billion. Costco Wholesale Corporation had a return on equity of 22.33% and a net margin of 2.08%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.77 earnings per share. Equities analysts predict that Costco Wholesale Corporation will post $6.44 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 on Tuesday, August 1st. The shares were sold at an average price of $159.25, for a total value of $159,250.00. Following the transaction, the director now owns 4,974 shares in the company, valued at approximately $792,109.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 3,000 shares of company stock worth $481,760. 0.74% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Waldron LP purchased a new position in shares of Costco Wholesale Corporation in the 1st quarter valued at $223,000. Tocqueville Asset Management L.P. raised its stake in shares of Costco Wholesale Corporation by 1.8% in the 1st quarter. Tocqueville Asset Management L.P. now owns 5,943 shares of the retailer’s stock valued at $997,000 after acquiring an additional 105 shares during the period. Quadrant Capital Management LLC raised its stake in shares of Costco Wholesale Corporation by 0.7% in the 1st quarter. Quadrant Capital Management LLC now owns 15,481 shares of the retailer’s stock valued at $2,596,000 after acquiring an additional 100 shares during the period. Advisor Partners LLC raised its stake in shares of Costco Wholesale Corporation by 1.6% in the 1st quarter. Advisor Partners LLC now owns 10,491 shares of the retailer’s stock valued at $1,759,000 after acquiring an additional 166 shares during the period. Finally, Advisory Services Network LLC purchased a new position in shares of Costco Wholesale Corporation in the 1st quarter valued at $2,302,000. Institutional investors own 72.34% 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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