Costco Wholesale Corporation (NASDAQ:COST) PT Set at $180.00 by Cowen and Company
Cowen and Company set a $180.00 price target on Costco Wholesale Corporation (NASDAQ:COST) in a research note issued to investors on Saturday. The firm currently has a buy rating on the retailer’s stock.
A number of other equities analysts have also recently weighed in on COST. Oppenheimer Holdings, Inc. set a $185.00 price target on Costco Wholesale Corporation and gave the stock a buy rating in a report on Saturday, April 1st. Vetr upgraded Costco Wholesale Corporation from a hold rating to a buy rating and set a $175.18 target price for the company in a research note on Wednesday, April 5th. Credit Suisse Group upgraded Costco Wholesale Corporation to a buy rating and set a $175.00 target price for the company in a research note on Thursday, April 6th. Wells Fargo & Company reiterated a hold rating on shares of Costco Wholesale Corporation in a research note on Thursday, April 6th. Finally, Stifel Nicolaus reiterated a buy rating and issued a $185.00 target price on shares of Costco Wholesale Corporation in a research note on Friday, April 7th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $179.11.
Shares of Costco Wholesale Corporation (COST) opened at 153.17 on Friday. The firm has a 50-day moving average price of $162.82 and a 200 day moving average price of $168.32. Costco Wholesale Corporation has a one year low of $142.11 and a one year high of $183.18. The stock has a market capitalization of $67.18 billion, a PE ratio of 26.59 and a beta of 0.94.
Costco Wholesale Corporation (NASDAQ:COST) last released its quarterly earnings results on Thursday, May 25th. The retailer reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.09. Costco Wholesale Corporation had a return on equity of 20.45% and a net margin of 2.06%. The company had revenue of $28.86 billion during the quarter, compared to analysts’ expectations of $28.57 billion. During the same period in the previous year, the firm posted $1.24 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities analysts expect that Costco Wholesale Corporation will post $5.77 EPS for the current fiscal year.
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In related news, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $160.28, for a total value of $160,280.00. Following the transaction, the director now owns 5,974 shares in the company, valued at $957,512.72. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John D. Mckay sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $181.60, for a total value of $544,800.00. Following the sale, the insider now owns 62,607 shares in the company, valued at approximately $11,369,431.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,000 shares of company stock worth $2,518,180. Insiders own 0.74% of the company’s stock.
A number of hedge funds have recently made changes to their positions in COST. HCR Wealth Advisors purchased a new stake in shares of Costco Wholesale Corporation during the fourth quarter valued at about $1,541,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Costco Wholesale Corporation by 17.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 96,612 shares of the retailer’s stock valued at $15,469,000 after buying an additional 14,525 shares during the last quarter. Congress Asset Management Co. MA purchased a new stake in shares of Costco Wholesale Corporation during the fourth quarter valued at about $57,256,000. L & S Advisors Inc purchased a new stake in shares of Costco Wholesale Corporation during the fourth quarter valued at about $508,000. Finally, Cigna Investments Inc. New purchased a new stake in shares of Costco Wholesale Corporation during the fourth quarter valued at about $2,583,000. Hedge funds and other institutional investors own 74.04% 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.
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