Costco Wholesale (NASDAQ:COST) was upgraded by stock analysts at Vetr from a “sell” rating to a “hold” rating in a research report issued on Monday. The brokerage presently has a $186.56 price objective on the retailer’s stock. Vetr‘s target price points to a potential downside of 2.99% from the company’s current price.

Other equities analysts have also issued reports about the stock. TheStreet raised shares of Costco Wholesale from a “c” rating to a “b” rating in a research report on Monday, October 9th. Robert W. Baird reissued a “buy” rating and issued a $200.00 price objective on shares of Costco Wholesale in a research report on Friday, August 25th. Oppenheimer reissued a “buy” rating on shares of Costco Wholesale in a research report on Thursday, August 24th. Zacks Investment Research raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $176.00 price objective on the stock in a research report on Tuesday, September 12th. Finally, UBS reissued a “buy” rating and issued a $190.00 price objective on shares of Costco Wholesale in a research report on Thursday, August 31st. Eleven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $186.65.

Shares of Costco Wholesale (COST) traded down $0.42 on Monday, hitting $192.31. 3,492,332 shares of the stock traded hands, compared to its average volume of 3,121,595. The company has a market capitalization of $84,720.00, a price-to-earnings ratio of 32.07, a PEG ratio of 3.12 and a beta of 0.98. Costco Wholesale has a 52 week low of $150.00 and a 52 week high of $195.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.99 and a quick ratio of 0.43.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.01. The company had revenue of $31.81 billion for the quarter, compared to analyst estimates of $31.01 billion. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.41%. The company’s revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.24 earnings per share. sell-side analysts expect that Costco Wholesale will post 6.5 EPS for the current year.

In other Costco Wholesale news, VP Timothy L. Rose sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $193.20, for a total value of $966,000.00. Following the transaction, the vice president now directly owns 52,529 shares of the company’s stock, valued at approximately $10,148,602.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John W. Meisenbach sold 3,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $183.26, for a total transaction of $549,780.00. Following the completion of the transaction, the director now directly owns 8,654 shares in the company, valued at $1,585,932.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,842 shares of company stock worth $6,486,848. 0.74% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in COST. Janus Henderson Group PLC boosted its stake in shares of Costco Wholesale by 3,005.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,180,770 shares of the retailer’s stock valued at $668,630,000 after purchasing an additional 4,046,164 shares in the last quarter. Harbour Capital Advisors LLC boosted its stake in shares of Costco Wholesale by 15,937.3% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,448,646 shares of the retailer’s stock valued at $9,058,000 after purchasing an additional 1,439,613 shares in the last quarter. Capital World Investors boosted its stake in shares of Costco Wholesale by 6.0% in the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock valued at $2,843,102,000 after purchasing an additional 1,007,720 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Costco Wholesale by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock valued at $5,380,168,000 after purchasing an additional 937,121 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Costco Wholesale by 14.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,805,874 shares of the retailer’s stock valued at $1,118,138,000 after purchasing an additional 858,969 shares in the last quarter. 71.49% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Costco Wholesale (NASDAQ:COST)

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