Costco Wholesale Corporation (NASDAQ: COST) recently received a number of ratings updates from brokerages and research firms:

  • 10/10/2017 – Costco Wholesale Corporation had its “outperform” rating reaffirmed by analysts at Credit Suisse Group.
  • 10/9/2017 – Costco Wholesale Corporation was upgraded by analysts at TheStreet from a “c” rating to a “b” rating.
  • 10/9/2017 – Costco Wholesale Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Costco continues to be one of the dominant retail wholesalers based on the breadth and quality of merchandise offered. The stock has outpaced the industry in a year gaining from sturdy comps performance and upbeat results in fourth-quarter fiscal 2017. Costco seems somewhat unfazed by tough retail scenario, comprising soft traffic and inclination toward online shopping. Moreover, we believe that the hike in annual membership fees and higher penetration of Citi Visa co-brand card program will also benefit the stock. We are also encouraged by Costco’s expansion strategy, as it remains committed to opening new clubs and expanding e-commerce capabilities. However, stiff competition and cautious consumer spending remain threats. Further, investors remain concerned about the contraction in gross margin and marginal decline in membership renewal rates that is expected to continue for at least a quarter or two. These may hurt the bottom line.”
  • 10/9/2017 – Costco Wholesale Corporation had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $190.00 price target on the stock, up previously from $187.00.
  • 10/9/2017 – Costco Wholesale Corporation had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $192.00 price target on the stock.
  • 10/9/2017 – Costco Wholesale Corporation had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $173.00 price target on the stock.
  • 10/9/2017 – Costco Wholesale Corporation was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $183.04 price target on the stock.
  • 10/7/2017 – Costco Wholesale Corporation was given a new $160.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 10/6/2017 – Costco Wholesale Corporation was given a new $155.00 price target on by analysts at Deutsche Bank AG. They now have a “hold” rating on the stock.
  • 10/6/2017 – Costco Wholesale Corporation had its price target raised by analysts at Citigroup Inc. from $155.00 to $187.00. They now have a “hold” rating on the stock.
  • 10/6/2017 – Costco Wholesale Corporation was given a new $185.00 price target on by analysts at Oppenheimer Holdings, Inc.. They now have a “buy” rating on the stock.
  • 10/6/2017 – Costco Wholesale Corporation was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $165.00 price target on the stock, down previously from $190.00.
  • 10/6/2017 – Costco Wholesale Corporation had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $190.00 price target on the stock.
  • 10/6/2017 – Costco Wholesale Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $162.00 price target on the stock, down previously from $168.00.
  • 10/6/2017 – Costco Wholesale Corporation had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $190.00 price target on the stock, up previously from $184.00.
  • 10/6/2017 – Costco Wholesale Corporation was given a new $182.00 price target on by analysts at Cowen and Company. They now have a “buy” rating on the stock.
  • 10/5/2017 – Costco Wholesale Corporation had its “neutral” rating reaffirmed by analysts at Guggenheim.
  • 10/5/2017 – Costco Wholesale Corporation was given a new $170.00 price target on by analysts at Wells Fargo & Company. They now have a “hold” rating on the stock.
  • 10/4/2017 – Costco Wholesale Corporation was given a new $200.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 9/27/2017 – Costco Wholesale Corporation was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $183.04 price target on the stock.
  • 9/25/2017 – Costco Wholesale Corporation had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $200.00 price target on the stock.
  • 9/19/2017 – Costco Wholesale Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $180.00 price target on the stock. According to Zacks, “Costco continues to be one of the dominant retail wholesalers based on the breadth and quality of merchandise offered. The stock has outpaced the industry in a year. This came on the backdrop of continued sturdy comps performance and upbeat results in third-quarter fiscal 2017, thereby sidelining the woes, which have gripped the brick-and-mortar retailers for some time now. Major chains are grappling with soft store and mall traffic as consumers choose to shop online. But Costco seems somewhat unfazed by tough retail scenario. We believe that the hike in annual membership fees and increased penetration of Citi Visa co-brand card program will also benefit the stock in the near term. We are also encouraged by Costco’s expansion strategy, as it remains committed to opening new clubs and expanding e-Commerce capabilities. However, stiff competition and cautious consumer spending remain causes of concern. Of late, estimates have been stable.”
  • 9/18/2017 – Costco Wholesale Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Costco continues to be one of the dominant retail wholesalers based on the breadth and quality of merchandise offered. The stock has outpaced the industry in a year. This came on the backdrop of continued sturdy comps performance and upbeat results in third-quarter fiscal 2017, thereby sidelining the woes, which have gripped the brick-and-mortar retailers for some time now. Major chains are grappling with soft store and mall traffic as consumers choose to shop online. But Costco seems somewhat unfazed by tough retail scenario. We believe that the hike in annual membership fees and increased penetration of Citi Visa co-brand card program will also benefit the stock in the near term. We are also encouraged by Costco’s expansion strategy, as it remains committed to opening new clubs and expanding e-Commerce capabilities. However, stiff competition and cautious consumer spending remain causes of concern. Of late, estimates have been stable.”
  • 9/12/2017 – Costco Wholesale Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $176.00 price target on the stock. According to Zacks, “Costco continues to be one of the dominant retail wholesalers based on the breadth and quality of merchandise offered. The stock has outpaced the industry in a year. This came on the backdrop of continued sturdy comps performance and upbeat results in third-quarter fiscal 2017, thereby sidelining the woes, which have gripped the brick-and-mortar retailers for some time now. Major chains are grappling with soft store and mall traffic as consumers choose to shop online. But Costco seems somewhat unfazed by tough retail scenario. We believe that the hike in annual membership fees and increased penetration of Citi Visa co-brand card program will also benefit the stock in the near term. We are also encouraged by Costco’s expansion strategy, as it remains committed to opening new clubs and expanding e-Commerce capabilities. However, stiff competition and cautious consumer spending remain causes of concern. Of late, estimates have been stable.”
  • 9/5/2017 – Costco Wholesale Corporation had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $172.00 price target on the stock.
  • 8/31/2017 – Costco Wholesale Corporation had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $190.00 price target on the stock.
  • 8/31/2017 – Costco Wholesale Corporation had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $185.00 price target on the stock.
  • 8/31/2017 – Costco Wholesale Corporation had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $200.00 price target on the stock.
  • 8/31/2017 – Costco Wholesale Corporation had its “neutral” rating reaffirmed by analysts at Guggenheim. They now have a $140.00 price target on the stock.
  • 8/29/2017 – Costco Wholesale Corporation had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $182.00 price target on the stock, up previously from $180.00.
  • 8/29/2017 – Costco Wholesale Corporation was given a new $160.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 8/25/2017 – Costco Wholesale Corporation had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $200.00 price target on the stock.
  • 8/24/2017 – Costco Wholesale Corporation had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 8/21/2017 – Costco Wholesale Corporation was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $182.22 price target on the stock.

Costco Wholesale Corporation (NASDAQ:COST) traded down 0.27% during mid-day trading on Tuesday, reaching $158.38. The company had a trading volume of 2,426,068 shares. Costco Wholesale Corporation has a 52 week low of $142.11 and a 52 week high of $183.18. The stock’s 50-day moving average price is $160.27 and its 200 day moving average price is $164.46. The firm has a market capitalization of $69.24 billion, a PE ratio of 26.05 and a beta of 0.94.

Costco Wholesale Corporation (NASDAQ:COST) last issued its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.06. The company had revenue of $42.30 billion during the quarter, compared to analyst estimates of $41.55 billion. Costco Wholesale Corporation had a return on equity of 22.33% and a net margin of 2.08%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the business posted $1.77 EPS. On average, equities research analysts predict that Costco Wholesale Corporation will post $6.42 EPS for the current year.

In related news, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $157.59, for a total value of $157,590.00. Following the completion of the transaction, the director now owns 6,974 shares in the company, valued at approximately $1,099,032.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 3,000 shares of company stock valued at $481,760 in the last 90 days. 0.74% of the stock is currently owned by company insiders.

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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