Costco Wholesale (COST) Given a $214.00 Price Target at Cowen
Costco Wholesale (NASDAQ:COST) has been assigned a $214.00 price objective by analysts at Cowen in a research report issued on Friday. The brokerage presently has a “buy” rating on the retailer’s stock. Cowen’s price target indicates a potential upside of 14.73% from the company’s previous close.
A number of other research analysts have also weighed in on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $200.00 price objective (up from $185.00) on shares of Costco Wholesale in a research note on Friday. UBS raised their price objective on shares of Costco Wholesale to $210.00 and gave the company a “buy” rating in a research note on Friday. Telsey Advisory Group raised their price objective on shares of Costco Wholesale from $186.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday. Robert W. Baird reaffirmed a “buy” rating and issued a $215.00 price objective on shares of Costco Wholesale in a research note on Friday. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Costco Wholesale in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $183.46.
Costco Wholesale (COST) traded down $1.75 during trading hours on Friday, reaching $186.53. 3,738,900 shares of the company’s stock were exchanged, compared to its average volume of 3,097,922. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.99 and a quick ratio of 0.43. The firm has a market capitalization of $84,600.00, a PE ratio of 32.35, a price-to-earnings-growth ratio of 3.05 and a beta of 0.98. Costco Wholesale has a 1-year low of $150.00 and a 1-year high of $191.22.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.01. The business had revenue of $31.81 billion during the quarter, compared to analysts’ expectations of $31.01 billion. Costco Wholesale had a net margin of 2.08% and a return on equity of 22.21%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the company posted $1.24 earnings per share. research analysts forecast that Costco Wholesale will post 6.48 EPS for the current year.
In other Costco Wholesale news, VP Richard A. Galanti sold 5,000 shares of Costco Wholesale stock in a transaction dated 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 owns 41,396 shares of the company’s stock, valued at $6,647,369.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $164.92, for a total transaction of $164,920.00. Following the completion of the transaction, the director now owns 6,974 shares of the company’s stock, valued at approximately $1,150,152.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,842 shares of company stock worth $5,520,848. Insiders own 0.74% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Westside Investment Management Inc. increased its stake in shares of Costco Wholesale by 0.3% in the second 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. Pioneer Trust Bank N A OR increased its stake in shares of Costco Wholesale by 0.4% in the second 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 grew its stake in Costco Wholesale by 0.3% during the second quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer’s stock valued at $404,000 after acquiring an additional 7 shares in the last quarter. Cetera Investment Advisers grew its stake in Costco Wholesale by 0.5% during the second quarter. Cetera Investment Advisers now owns 1,390 shares of the retailer’s stock valued at $223,000 after acquiring an additional 7 shares in the last quarter. Finally, CHICAGO TRUST Co NA grew its stake in Costco Wholesale by 0.5% during the second quarter. CHICAGO TRUST Co NA now owns 2,515 shares of the retailer’s stock valued at $402,000 after acquiring an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 71.49% of the company’s stock.
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Costco Wholesale Company Profile
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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