Robert W. Baird Analysts Give Costco Wholesale Corporation (COST) a $200.00 Price Target
COST has been the topic of a number of other research reports. Bank of America Corporation reiterated a buy rating and issued a $192.00 target price (up previously from $180.00) on shares of Costco Wholesale Corporation in a research report on Sunday, May 28th. Barclays PLC upgraded shares of Costco Wholesale Corporation from an equal weight rating to an overweight rating and lifted their target price for the stock from $170.00 to $185.00 in a research report on Thursday, April 20th. Wells Fargo & Company reiterated a hold rating on shares of Costco Wholesale Corporation in a research report on Friday, May 26th. UBS AG upgraded shares of Costco Wholesale Corporation from a market perform rating to an outperform rating in a research report on Monday, June 26th. Finally, Stifel Nicolaus reiterated a buy rating and issued a $185.00 target price on shares of Costco Wholesale Corporation in a research report on Friday, April 7th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $179.11.
Shares of Costco Wholesale Corporation (NASDAQ:COST) opened at 152.89 on Thursday. Costco Wholesale Corporation has a 52 week low of $142.11 and a 52 week high of $183.18. The company has a market cap of $67.06 billion, a PE ratio of 26.54 and a beta of 0.94. The company has a 50 day moving average of $159.49 and a 200 day moving average of $167.96.
Costco Wholesale Corporation (NASDAQ:COST) last issued its earnings results on Thursday, May 25th. The retailer reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.09. The company had revenue of $28.86 billion for the quarter, compared to analysts’ expectations of $28.57 billion. Costco Wholesale Corporation had a net margin of 2.06% and a return on equity of 20.45%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.24 EPS. On average, analysts expect that Costco Wholesale Corporation will post $5.77 EPS for the current year.
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In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $160.28, for a total value of $160,280.00. Following the completion of the transaction, the director now directly owns 5,974 shares of the company’s stock, valued at $957,512.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John D. Mckay sold 3,000 shares of Costco Wholesale Corporation stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $181.60, for a total transaction of $544,800.00. Following the completion of the transaction, the insider now directly owns 62,607 shares of the company’s stock, valued at $11,369,431.20. The disclosure for this sale can be found here. Insiders sold 14,000 shares of company stock valued at $2,518,180 over the last ninety days. Corporate insiders own 0.74% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Independent Advisor Alliance purchased a new position in shares of Costco Wholesale Corporation during the fourth quarter valued at about $2,061,000. IFM Investors Pty Ltd bought a new position in Costco Wholesale Corporation during the fourth quarter valued at $896,000. Thrivent Financial for Lutherans boosted its position in Costco Wholesale Corporation by 2.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,473 shares of the retailer’s stock valued at $2,479,000 after buying an additional 425 shares during the last quarter. Numeric Investors LLC bought a new position in Costco Wholesale Corporation during the fourth quarter valued at $240,000. Finally, Jarislowsky Fraser Ltd boosted its position in Costco Wholesale Corporation by 0.3% in the fourth quarter. Jarislowsky Fraser Ltd now owns 167,932 shares of the retailer’s stock valued at $26,887,000 after buying an additional 492 shares during the last quarter. 74.11% of the stock is owned by institutional investors and hedge funds.
About Costco Wholesale Corporation
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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