Costco Wholesale (COST) PT Raised to $210.00 at UBS
Costco Wholesale (NASDAQ:COST) had its price target hoisted by investment analysts at UBS to $210.00 in a report issued on Friday. The brokerage currently has a “buy” rating on the retailer’s stock. UBS’s target price suggests a potential upside of 8.96% from the company’s previous close.
Other equities research analysts also recently issued reports about the stock. Jefferies Group reaffirmed a “hold” rating on shares of Costco Wholesale in a research note on Thursday. Robert W. Baird reaffirmed a “buy” rating and issued a $215.00 target price on shares of Costco Wholesale in a research note on Friday. Telsey Advisory Group raised their target price on shares of Costco Wholesale from $186.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday. J P Morgan Chase & Co reaffirmed a “buy” rating and issued a $200.00 target price on shares of Costco Wholesale in a research note on Monday, December 4th. Finally, Moffett Nathanson assumed coverage on shares of Costco Wholesale in a research note on Monday, December 4th. They issued a “buy” rating on the stock. < One 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 company currently has an average rating of "Buy" and an average price target of $184.20.
Shares of Costco Wholesale (NASDAQ:COST) opened at $192.73 on Friday. Costco Wholesale has a fifty-two week low of $150.00 and a fifty-two week high of $195.35. The stock has a market cap of $84,221.08, a PE ratio of 32.07, a PEG ratio of 3.12 and a beta of 0.98. 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 announced its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.01. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.41%. The firm had revenue of $31.81 billion for the quarter, compared to the consensus estimate of $31.01 billion. During the same period in the prior year, the firm posted $1.24 earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. research analysts predict that Costco Wholesale will post 6.5 EPS for the current year.
In other news, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $164.92, for a total value of $164,920.00. Following the transaction, the director now owns 6,974 shares in the company, valued at $1,150,152.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John W. Meisenbach sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was 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 owns 8,654 shares in the company, valued at approximately $1,585,932.04. The disclosure for this sale can be found here. Insiders have sold 32,842 shares of company stock worth $5,520,848 over the last quarter. Company insiders own 0.74% of the company’s stock.
Several institutional investors have recently modified their holdings of COST. Almanack Investment Partners LLC. bought a new stake in Costco Wholesale in the second quarter valued at $101,000. Wealthcare Advisory Partners LLC bought a new stake in Costco Wholesale in the third quarter valued at $102,000. Jacobus Wealth Management Inc. bought a new stake in Costco Wholesale in the third quarter valued at $103,000. Northwest Investment Counselors LLC bought a new stake in Costco Wholesale in the second quarter valued at $107,000. Finally, Shamrock Asset Management LLC boosted its holdings in Costco Wholesale by 171.3% in the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock valued at $109,000 after acquiring an additional 418 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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