Costco Wholesale (COST) PT Raised to $200.00
Costco Wholesale (NASDAQ:COST) had its price target increased by analysts at Argus to $200.00 in a research note issued to investors on Monday. The brokerage presently has a “buy” rating on the retailer’s stock. Argus’ price objective would indicate a potential upside of 8.61% from the stock’s previous close.
Several other research analysts have also issued reports on COST. Oppenheimer reiterated a “buy” rating on shares of Costco Wholesale in a report on Friday, October 20th. Vetr lowered Costco Wholesale from a “buy” rating to a “hold” rating and set a $171.07 price target on the stock. in a report on Monday, November 6th. Robert W. Baird reiterated a “buy” rating on shares of Costco Wholesale in a report on Friday, November 17th. Guggenheim restated a “hold” rating on shares of Costco Wholesale in a report on Wednesday, November 22nd. Finally, Stifel Nicolaus raised their target price on Costco Wholesale from $179.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, November 30th. Nine analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $190.36.
Costco Wholesale (NASDAQ COST) opened at $184.15 on Monday. The stock has a market capitalization of $80,880.00, a P/E ratio of 29.28, a price-to-earnings-growth ratio of 2.95 and a beta of 0.99. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.57. Costco Wholesale has a fifty-two week low of $150.00 and a fifty-two week high of $199.88.
In other Costco Wholesale news, insider Daniel M. Hines sold 5,000 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $188.62, for a total value of $943,100.00. Following the completion of the sale, the insider now directly owns 30,853 shares of the company’s stock, valued at $5,819,492.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John W. Meisenbach sold 3,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $193.41, for a total value of $580,230.00. Following the completion of the sale, the director now directly owns 8,654 shares of the company’s stock, valued at $1,673,770.14. The disclosure for this sale can be found here. Insiders have sold 91,185 shares of company stock valued at $17,408,817 over the last ninety days. 0.58% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. Assetmark Inc. increased its position in Costco Wholesale by 137.0% in the fourth quarter. Assetmark Inc. now owns 564 shares of the retailer’s stock worth $105,000 after buying an additional 326 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in Costco Wholesale in the third quarter worth $102,000. Jacobus Wealth Management Inc. purchased a new stake in Costco Wholesale in the third quarter worth $103,000. Almanack Investment Partners LLC. purchased a new stake in Costco Wholesale in the second quarter worth $101,000. Finally, American Beacon Advisors Inc. purchased a new stake in Costco Wholesale in the fourth quarter worth $120,000. 72.06% of the stock is owned by institutional investors and hedge funds.
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About Costco Wholesale
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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