Equities research analysts at Nomura started coverage on shares of Costco Wholesale (NASDAQ:COST) in a research note issued to investors on Friday, The Fly reports. The firm set a “neutral” rating and a $300.00 price target on the retailer’s stock. Nomura’s target price points to a potential downside of 0.86% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Edward Jones cut Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. upped their price objective on shares of Costco Wholesale from $271.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Gordon Haskett upgraded shares of Costco Wholesale from a “hold” rating to an “accumulate” rating and upped their price objective for the stock from $255.00 to $330.00 in a research report on Friday, September 20th. Raymond James upped their price objective on shares of Costco Wholesale from $260.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Finally, Telsey Advisory Group upped their price objective on shares of Costco Wholesale from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $295.57.

Shares of COST traded down $2.62 during midday trading on Friday, hitting $302.59. 103,308 shares of the company traded hands, compared to its average volume of 1,750,933. The stock has a 50-day moving average of $294.51 and a 200-day moving average of $273.52. Costco Wholesale has a one year low of $189.51 and a one year high of $307.34. The firm has a market cap of $131.54 billion, a P/E ratio of 36.95, a PEG ratio of 4.09 and a beta of 0.93. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.01 and a quick ratio of 0.52.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, October 3rd. The retailer reported $2.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.54 by $0.15. Costco Wholesale had a return on equity of 25.00% and a net margin of 2.40%. The firm had revenue of $47.50 billion for the quarter, compared to analysts’ expectations of $47.71 billion. During the same period in the prior year, the business posted $2.36 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. Sell-side analysts forecast that Costco Wholesale will post 8.61 EPS for the current fiscal year.

In other Costco Wholesale news, VP Paul G. Moulton sold 5,976 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $298.06, for a total value of $1,781,206.56. Following the transaction, the vice president now directly owns 36,010 shares of the company’s stock, valued at $10,733,140.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan L. Decker sold 333 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $297.50, for a total value of $99,067.50. Following the completion of the transaction, the director now directly owns 41,470 shares in the company, valued at $12,337,325. The disclosure for this sale can be found here. Insiders sold 33,093 shares of company stock worth $9,915,511 over the last three months. Insiders own 0.21% of the company’s stock.

A number of large investors have recently made changes to their positions in COST. Cetera Investment Advisers lifted its position in shares of Costco Wholesale by 3.9% during the 3rd quarter. Cetera Investment Advisers now owns 2,588 shares of the retailer’s stock valued at $743,000 after buying an additional 97 shares in the last quarter. WT Wealth Management purchased a new position in shares of Costco Wholesale during the 3rd quarter valued at about $336,000. Lyell Wealth Management LP lifted its position in shares of Costco Wholesale by 0.3% during the 3rd quarter. Lyell Wealth Management LP now owns 22,127 shares of the retailer’s stock valued at $6,375,000 after buying an additional 72 shares in the last quarter. Miracle Mile Advisors LLC lifted its position in shares of Costco Wholesale by 112.6% during the 3rd quarter. Miracle Mile Advisors LLC now owns 18,829 shares of the retailer’s stock valued at $5,425,000 after buying an additional 9,973 shares in the last quarter. Finally, Goelzer Investment Management Inc. lifted its position in shares of Costco Wholesale by 0.6% during the 3rd quarter. Goelzer Investment Management Inc. now owns 17,198 shares of the retailer’s stock valued at $4,955,000 after buying an additional 100 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Company Profile

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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