Wells Fargo & Company set a $170.00 price objective on Costco Wholesale Corporation (NASDAQ:COST) in a research note released on Thursday morning. The firm currently has a hold rating on the retailer’s stock.

A number of other research firms have also issued reports on COST. BMO Capital Markets restated an outperform rating and set a $195.00 price objective on shares of Costco Wholesale Corporation in a research report on Friday, June 16th. Goldman Sachs Group, Inc. (The) lowered Costco Wholesale Corporation from a conviction-buy rating to a neutral rating and reduced their price objective for the company from $197.00 to $176.00 in a research report on Friday, June 16th. Cowen and Company restated an outperform rating and set a $190.00 price objective on shares of Costco Wholesale Corporation in a research report on Monday, June 19th. Deutsche Bank AG lowered Costco Wholesale Corporation from a buy rating to a hold rating and boosted their price objective for the company from $142.11 to $167.11 in a research report on Monday, June 19th. Finally, Oppenheimer Holdings, Inc. restated a buy rating on shares of Costco Wholesale Corporation in a research report on Monday, June 19th. Twelve investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $178.39.

Shares of Costco Wholesale Corporation (NASDAQ:COST) opened at 157.09 on Thursday. The stock has a market cap of $68.68 billion, a PE ratio of 25.84 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 has a 1-year low of $142.11 and a 1-year high of $183.18.

Costco Wholesale Corporation (NASDAQ:COST) last released its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $42.30 billion during the quarter, compared to analyst estimates of $41.55 billion. During the same quarter in the previous year, the firm posted $1.77 EPS. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, equities research analysts anticipate that Costco Wholesale Corporation will post $6.43 EPS for the current fiscal year.

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In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was 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 $792,109.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 3,000 shares of company stock worth $481,760 in the last quarter. 0.74% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake 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 valued at $5,380,168,000 after purchasing an additional 937,121 shares in the last quarter. BlackRock Inc. grew its stake in Costco Wholesale Corporation by 2.9% in the second 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 in the last quarter. State Street Corp grew its stake 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 valued at $3,040,476,000 after purchasing an additional 239,479 shares in the last quarter. Capital World Investors grew its stake 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 valued at $2,843,102,000 after purchasing an additional 1,007,720 shares in the last quarter. Finally, FMR LLC grew its stake in Costco Wholesale Corporation by 1.5% in the first 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 in the last quarter. Hedge funds and other institutional investors own 72.34% of the company’s stock.

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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