J P Morgan Chase & Co reaffirmed their buy rating on shares of Costco Wholesale (NASDAQ:COST) in a research note released on Monday. J P Morgan Chase & Co currently has a $200.00 price target on the retailer’s stock.

COST has been the subject of several other research reports. Robert W. Baird reissued a buy rating and issued a $200.00 price objective on shares of Costco Wholesale in a research report on Thursday, August 31st. Stifel Nicolaus reissued a buy rating and issued a $173.00 price objective on shares of Costco Wholesale in a research report on Monday, October 9th. Vetr lowered shares of Costco Wholesale from a buy rating to a hold rating and set a $171.07 price objective for the company. in a research report on Monday, November 6th. Zacks Investment Research raised shares of Costco Wholesale 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. Finally, Bank of America reissued a buy rating and issued a $192.00 price objective on shares of Costco Wholesale in a research report on Monday, October 9th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seventeen have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $179.50.

Costco Wholesale (COST) opened at $186.20 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.43 and a current ratio of 0.99. The firm has a market cap of $81,660.00, a P/E ratio of 32.27, a price-to-earnings-growth ratio of 3.05 and a beta of 0.98. Costco Wholesale has a one year low of $150.00 and a one year high of $191.22.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share 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 the consensus estimate of $41.55 billion. Costco Wholesale had a net margin of 2.08% and a return on equity of 22.21%. Costco Wholesale’s revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.77 earnings per share. equities analysts expect that Costco Wholesale will post 6.46 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.07%. Costco Wholesale’s payout ratio is currently 32.89%.

In other news, Director John W. Meisenbach sold 3,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $183.26, for a total value of $549,780.00. Following the transaction, the director now directly owns 8,654 shares in the company, valued at approximately $1,585,932.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard M. Libenson sold 2,350 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $162.00, for a total transaction of $380,700.00. Following the completion of the transaction, the director now owns 4,109 shares in the company, valued at $665,658. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,842 shares of company stock worth $5,520,848. Insiders own 0.74% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Costco Wholesale 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 buying an additional 937,121 shares during the period. BlackRock Inc. increased its stake in Costco Wholesale 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 buying an additional 703,825 shares during the period. State Street Corp increased its stake in Costco Wholesale 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 buying an additional 239,479 shares during the period. Capital World Investors increased its stake in Costco Wholesale 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 buying an additional 1,007,720 shares during the period. Finally, FMR LLC increased its stake in Costco Wholesale 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 buying an additional 177,200 shares during the period. Hedge funds and other institutional investors own 71.49% of the company’s stock.

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About Costco Wholesale

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 (NASDAQ:COST)

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