Deutsche Bank AG Analysts Give Costco Wholesale Corporation (COST) a $155.00 Price Target
Deutsche Bank AG set a $155.00 price target on Costco Wholesale Corporation (NASDAQ:COST) in a research report report published on Friday. The firm currently has a hold rating on the retailer’s stock.
A number of other analysts have also issued reports on the stock. Wells Fargo & Company set a $170.00 price target on shares of Costco Wholesale Corporation and gave the stock a hold rating in a research note on Thursday. Guggenheim reissued a neutral rating on shares of Costco Wholesale Corporation in a research report on Thursday. Robert W. Baird set a $200.00 price objective on Costco Wholesale Corporation and gave the stock a buy rating in a research report on Wednesday, October 4th. Vetr downgraded Costco Wholesale Corporation from a strong-buy rating to a buy rating and set a $183.04 price objective for the company. in a research report on Wednesday, September 27th. Finally, Zacks Investment Research raised Costco Wholesale Corporation from a hold rating to a buy rating and set a $180.00 price objective for the company in a research report on Tuesday, September 19th. 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 presently has an average rating of Buy and an average price target of $178.39.
Costco Wholesale Corporation (NASDAQ COST) opened at 157.09 on Friday. The firm’s 50-day moving average is $159.96 and its 200 day moving average is $164.83. The company has a market capitalization of $68.68 billion, a PE ratio of 25.84 and a beta of 0.94. 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 issued its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 net margin of 2.08% and a return on equity of 22.33%. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.77 earnings per share. On average, equities analysts expect that Costco Wholesale Corporation will post $6.43 EPS for the current fiscal year.
In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction 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 completion of the transaction, the director now owns 6,974 shares in the company, valued at $1,099,032.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 3,000 shares of company stock valued at $481,760 in the last quarter. 0.74% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Costco Wholesale Corporation by 2.9% in the second quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock worth $5,380,168,000 after acquiring an additional 937,121 shares in the last quarter. BlackRock Inc. raised its position in Costco Wholesale Corporation by 2.9% in the second quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock worth $3,983,097,000 after acquiring an additional 703,825 shares in the last quarter. State Street Corp raised its position in Costco Wholesale Corporation by 1.3% in the first quarter. State Street Corp now owns 18,131,561 shares of the retailer’s stock worth $3,040,476,000 after acquiring an additional 239,479 shares in the last quarter. Capital World Investors raised its position in Costco Wholesale Corporation by 6.0% in the second quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock worth $2,843,102,000 after acquiring an additional 1,007,720 shares in the last quarter. Finally, FMR LLC raised its position in Costco Wholesale Corporation by 1.5% in the first quarter. FMR LLC now owns 12,099,104 shares of the retailer’s stock worth $2,028,898,000 after acquiring an additional 177,200 shares in the last quarter. Hedge funds and other 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.
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