Cowen and Company reissued their outperform rating on shares of Costco Wholesale Corporation (NASDAQ:COST) in a report released on Monday morning.

Several other research firms also recently issued reports on COST. Wells Fargo & Company restated a hold rating on shares of Costco Wholesale Corporation in a research report on Thursday, May 4th. BMO Capital Markets reiterated an outperform rating and issued a $195.00 price objective on shares of Costco Wholesale Corporation in a research report on Friday, June 2nd. Guggenheim reiterated a neutral rating on shares of Costco Wholesale Corporation in a research report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) downgraded Costco Wholesale Corporation from a conviction-buy rating to a neutral rating and lowered their price objective for the stock from $197.00 to $176.00 in a research report on Friday, June 16th. Finally, Stifel Nicolaus reiterated a buy rating and issued a $185.00 price objective on shares of Costco Wholesale Corporation in a research report on Thursday, May 4th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $179.11.

Shares of Costco Wholesale Corporation (NASDAQ COST) traded down 0.09% during trading on Monday, reaching $152.38. The company’s stock had a trading volume of 630,164 shares. The stock has a market cap of $66.83 billion, a P/E ratio of 26.45 and a beta of 0.94. The stock has a 50-day moving average of $160.30 and a 200-day moving average of $168.02. Costco Wholesale Corporation has a 52-week low of $142.11 and a 52-week high of $183.18.

Costco Wholesale Corporation (NASDAQ:COST) last posted its earnings results on Thursday, May 25th. The retailer reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.09. The firm had revenue of $28.86 billion for the quarter, compared to the consensus estimate of $28.57 billion. Costco Wholesale Corporation had a return on equity of 20.45% and a net margin of 2.06%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.24 earnings per share. Analysts predict that Costco Wholesale Corporation will post $5.77 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This article was posted by Watch List News and is owned by of Watch List News. If you are reading this article on another site, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this article can be viewed at https://www.watchlistnews.com/costco-wholesale-corporation-cost-given-outperform-rating-at-cowen-and-company/1459844.html.

In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $160.28, for a total transaction of $160,280.00. Following the sale, the director now directly owns 5,974 shares of the company’s stock, valued at approximately $957,512.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel M. Hines sold 5,000 shares of Costco Wholesale Corporation stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $181.32, for a total value of $906,600.00. Following the sale, the insider now directly owns 28,786 shares in the company, valued at $5,219,477.52. The disclosure for this sale can be found here. Insiders sold 14,000 shares of company stock worth $2,518,180 over the last three months. 0.74% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of COST. State Street Corp boosted 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 buying an additional 239,479 shares during the last quarter. FMR LLC boosted 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 buying an additional 177,200 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Costco Wholesale Corporation by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 6,254,387 shares of the retailer’s stock valued at $1,048,798,000 after buying an additional 79,201 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Costco Wholesale Corporation by 62.0% in the first quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock valued at $768,568,000 after buying an additional 1,753,741 shares during the last quarter. Finally, Janus Capital Management LLC boosted its stake in Costco Wholesale Corporation by 8.6% in the first quarter. Janus Capital Management LLC now owns 4,582,908 shares of the retailer’s stock valued at $768,494,000 after buying an additional 361,581 shares during the last quarter. 74.04% of the stock is currently owned by institutional investors and hedge funds.

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)

Receive News & Ratings for Costco Wholesale Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.