Costco Wholesale (NASDAQ:COST)‘s stock had its “buy” rating reissued by analysts at Bank of America in a research note issued to investors on Friday. They presently have a $255.00 price target on the retailer’s stock. Bank of America’s target price suggests a potential upside of 23.15% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on COST. Zacks Investment Research cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. Loop Capital dropped their price target on shares of Costco Wholesale to $260.00 and set a “buy” rating for the company in a research report on Friday. Citigroup dropped their price target on shares of Costco Wholesale from $257.00 to $238.00 and set a “neutral” rating for the company in a research report on Sunday, December 9th. Oppenheimer dropped their price target on shares of Costco Wholesale from $262.00 to $240.00 in a research report on Friday. Finally, Wells Fargo & Co dropped their price target on shares of Costco Wholesale from $235.00 to $220.00 and set a “market perform” rating for the company in a research report on Friday. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Costco Wholesale currently has a consensus rating of “Buy” and an average price target of $240.77.

Shares of COST opened at $207.06 on Friday. Costco Wholesale has a 1-year low of $175.79 and a 1-year high of $245.16. The stock has a market cap of $90.74 billion, a price-to-earnings ratio of 30.32, a P/E/G ratio of 2.64 and a beta of 0.90. The company has a quick ratio of 0.46, a current ratio of 1.02 and a debt-to-equity ratio of 0.50.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, December 13th. The retailer reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.01). Costco Wholesale had a net margin of 2.25% and a return on equity of 25.00%. The company had revenue of $34.31 billion for the quarter, compared to analyst estimates of $34.66 billion. During the same quarter in the prior year, the business earned $1.45 earnings per share. Costco Wholesale’s revenue was up 10.3% on a year-over-year basis. As a group, equities research analysts predict that Costco Wholesale will post 7.71 earnings per share for the current fiscal year.

In other Costco Wholesale news, Director John W. Meisenbach sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $235.81, for a total transaction of $707,430.00. Following the completion of the transaction, the director now owns 8,654 shares in the company, valued at approximately $2,040,699.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Franz E. Lazarus sold 23,000 shares of the business’s stock in a transaction that occurred on Thursday, October 25th. The stock was sold at an average price of $226.76, for a total transaction of $5,215,480.00. Following the transaction, the vice president now owns 6,830 shares of the company’s stock, valued at approximately $1,548,770.80. The disclosure for this sale can be found here. Insiders sold 61,312 shares of company stock valued at $13,847,852 in the last 90 days. Company insiders own 0.58% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of COST. McIlrath & Eck LLC grew its holdings in Costco Wholesale by 16.8% during the 2nd quarter. McIlrath & Eck LLC now owns 1,585 shares of the retailer’s stock worth $331,000 after acquiring an additional 228 shares in the last quarter. Clarius Group LLC grew its holdings in Costco Wholesale by 11.5% during the 2nd quarter. Clarius Group LLC now owns 5,159 shares of the retailer’s stock worth $1,078,000 after acquiring an additional 532 shares in the last quarter. Private Advisory Group LLC grew its holdings in Costco Wholesale by 2.3% during the 2nd quarter. Private Advisory Group LLC now owns 13,191 shares of the retailer’s stock worth $2,757,000 after acquiring an additional 292 shares in the last quarter. Dynamic Advisor Solutions LLC grew its holdings in Costco Wholesale by 4.0% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 19,035 shares of the retailer’s stock worth $3,979,000 after acquiring an additional 735 shares in the last quarter. Finally, Girard Partners LTD. grew its holdings in Costco Wholesale by 174.3% during the 2nd quarter. Girard Partners LTD. now owns 12,812 shares of the retailer’s stock worth $2,677,000 after acquiring an additional 8,142 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

About Costco Wholesale

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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Analyst Recommendations for Costco Wholesale (NASDAQ:COST)

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