Several other equities research analysts have also recently weighed in on COST. UBS AG raised Costco Wholesale Corporation from a market perform rating to an outperform rating in a research report on Monday, June 26th. Guggenheim reissued a neutral rating on shares of Costco Wholesale Corporation in a research report on Thursday, October 5th. BMO Capital Markets set a $160.00 price objective on Costco Wholesale Corporation and gave the company a hold rating in a research report on Saturday, October 7th. Jefferies Group LLC reissued a hold rating and issued a $162.00 price objective (down from $168.00) on shares of Costco Wholesale Corporation in a research report on Friday, October 6th. Finally, Citigroup Inc. reissued a buy rating and issued a $190.00 price objective (up from $187.00) on shares of Costco Wholesale Corporation in a research report on Monday. Eleven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $178.50.
Shares of Costco Wholesale Corporation (NASDAQ COST) opened at 157.22 on Monday. Costco Wholesale Corporation has a 12-month low of $142.11 and a 12-month high of $183.18. The firm has a market capitalization of $68.74 billion, a PE ratio of 25.86 and a beta of 0.94. The company has a 50-day moving average of $159.80 and a 200 day moving average of $164.54.
Costco Wholesale Corporation (NASDAQ:COST) last announced its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, beating the consensus estimate of $2.02 by $0.06. Costco Wholesale Corporation had a return on equity of 22.33% and a net margin of 2.08%. The company had revenue of $42.30 billion for the quarter, compared to the consensus estimate of $41.55 billion. During the same quarter last year, the company posted $1.77 earnings per share. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, analysts predict that Costco Wholesale Corporation will post $6.43 EPS for the current year.
In related news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $159.25, for a total value of $159,250.00. Following the completion of the sale, the director now directly owns 4,974 shares in the company, valued at $792,109.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 3,000 shares of company stock valued at $481,760. 0.74% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. Delta Asset Management LLC TN increased its position in Costco Wholesale Corporation by 11.6% in the second quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock worth $100,000 after purchasing an additional 65 shares during the period. Almanack Investment Partners LLC. acquired a new stake in Costco Wholesale Corporation in the second quarter worth about $101,000. Northwest Investment Counselors LLC acquired a new stake in Costco Wholesale Corporation in the second quarter worth about $107,000. Mercer Capital Advisers Inc. increased its position in Costco Wholesale Corporation by 3.5% in the second quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after purchasing an additional 23 shares during the period. Finally, Mosaic Family Wealth LLC increased its position in Costco Wholesale Corporation by 16.7% in the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 72.34% of the company’s stock.
Costco Wholesale Corporation 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.
Receive News & Ratings for Costco Wholesale Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale Corporation and related companies with MarketBeat.com's FREE daily email newsletter.