Costco Wholesale Corporation (COST) PT Set at $182.00 by Cowen and Company
Several other analysts have also recently issued reports on the company. Deutsche Bank AG reiterated a hold rating and set a $172.00 target price on shares of Costco Wholesale Corporation in a research report on Tuesday, September 5th. Northcoast Research upgraded Costco Wholesale Corporation from a neutral rating to a buy rating and set a $190.00 target price for the company in a research report on Tuesday, June 20th. Citigroup Inc. increased their target price on Costco Wholesale Corporation from $155.00 to $187.00 and gave the stock a hold rating in a research report on Friday. Oppenheimer Holdings, Inc. reiterated a buy rating and set a $185.00 target price on shares of Costco Wholesale Corporation in a research report on Thursday, August 31st. Finally, Morgan Stanley cut Costco Wholesale Corporation from an overweight rating to an equal weight rating and cut their target price for the stock from $190.00 to $165.00 in a research report on Friday. Twelve research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $178.50.
Shares of Costco Wholesale Corporation (COST) opened at 154.61 on Friday. Costco Wholesale Corporation has a 12 month low of $142.11 and a 12 month high of $183.18. The stock’s 50 day moving average price is $159.89 and its 200-day moving average price is $164.71. The company has a market cap of $67.60 billion, a P/E ratio of 25.43 and a beta of 0.94.
Costco Wholesale Corporation (NASDAQ:COST) last released its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $42.30 billion during the quarter, compared to analysts’ expectations of $41.55 billion. During the same quarter last year, the business posted $1.77 earnings per share. The firm’s revenue was up 15.7% on a year-over-year basis. Equities research analysts expect that Costco Wholesale Corporation will post $6.44 earnings per share for the current year.
In related news, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 6,974 shares of the company’s stock, valued at approximately $1,099,032.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 3,000 shares of company stock valued at $481,760 over the last three months. 0.74% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in Costco Wholesale Corporation by 2.9% during 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 in the last quarter. BlackRock Inc. raised its position in Costco Wholesale Corporation by 2.9% during 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 in the last quarter. State Street Corp raised its position in Costco Wholesale Corporation by 1.3% during 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 in the last quarter. Capital World Investors raised its position in Costco Wholesale Corporation by 6.0% during 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 in the last quarter. Finally, FMR LLC raised its position in Costco Wholesale Corporation by 1.5% during 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 in the last quarter. 72.34% of the stock is owned by institutional investors and hedge funds.
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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