Costco Wholesale Corporation (COST) Lowered to Hold at Vetr Inc.
Costco Wholesale Corporation (NASDAQ:COST) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday. They presently have a $171.07 price objective on the retailer’s stock. Vetr‘s price target suggests a potential upside of 2.78% from the stock’s current price.
Several other equities analysts have also weighed in on COST. BidaskClub upgraded shares of Costco Wholesale Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Guggenheim reiterated a “neutral” rating on shares of Costco Wholesale Corporation in a report on Thursday, October 5th. BMO Capital Markets set a $160.00 target price on shares of Costco Wholesale Corporation and gave the stock a “hold” rating in a report on Saturday, October 7th. Robert W. Baird restated an “outperform” rating and issued a $200.00 target price on shares of Costco Wholesale Corporation in a report on Monday, September 25th. Finally, UBS AG restated a “buy” rating and issued a $190.00 target price on shares of Costco Wholesale Corporation in a report on Friday, October 6th. Twelve analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $178.34.
Costco Wholesale Corporation (COST) opened at $166.44 on Monday. Costco Wholesale Corporation has a fifty-two week low of $142.11 and a fifty-two week high of $183.18. The firm has a market cap of $72,732.62, a PE ratio of 28.60, a PEG ratio of 2.66 and a beta of 0.93. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.59.
Costco Wholesale Corporation (NASDAQ:COST) last announced its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.06. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.21%. The firm had revenue of $42.30 billion for the quarter, compared to analyst estimates of $41.55 billion. During the same quarter in the prior year, the business earned $1.77 earnings per share. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. sell-side analysts forecast that Costco Wholesale Corporation will post 6.44 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This article was posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The correct version of this article can be read at https://www.watchlistnews.com/costco-wholesale-corporation-cost-lowered-to-hold-at-vetr-inc/1681554.html.
In other Costco Wholesale Corporation news, VP Richard A. Galanti sold 5,000 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $160.58, for a total value of $802,900.00. Following the sale, the vice president now directly owns 41,396 shares in the company, valued at approximately $6,647,369.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John W. Meisenbach sold 1,000 shares of the 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 owns 6,974 shares in the company, valued at $1,099,032.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,350 shares of company stock valued at $2,477,680. 0.74% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Westside Investment Management Inc. lifted its stake in Costco Wholesale Corporation by 0.3% in the 2nd quarter. Westside Investment Management Inc. now owns 1,114 shares of the retailer’s stock worth $168,000 after purchasing an additional 3 shares in the last quarter. Brightworth lifted its stake in Costco Wholesale Corporation by 0.3% in the 2nd quarter. Brightworth now owns 1,334 shares of the retailer’s stock worth $213,000 after purchasing an additional 4 shares in the last quarter. Pioneer Trust Bank N A OR lifted its stake in Costco Wholesale Corporation by 0.4% in the 2nd quarter. Pioneer Trust Bank N A OR now owns 1,659 shares of the retailer’s stock worth $266,000 after purchasing an additional 7 shares in the last quarter. SVA Plumb Wealth Management LLC lifted its stake in Costco Wholesale Corporation by 0.3% in the 2nd quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer’s stock worth $404,000 after purchasing an additional 7 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in Costco Wholesale Corporation by 0.5% in the 2nd quarter. Cetera Investment Advisers now owns 1,390 shares of the retailer’s stock worth $223,000 after purchasing an additional 7 shares in the last quarter. Institutional investors and hedge funds own 72.61% of the company’s stock.
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.
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.