Costco Wholesale Corp. (COST) Upgraded at Vetr Inc.
Costco Wholesale Corp. (NASDAQ:COST) was upgraded by stock analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Monday.
Several other equities research analysts have also recently commented on COST. Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $175.00 price target on shares of Costco Wholesale Corp. in a research report on Saturday, July 9th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Costco Wholesale Corp. in a research report on Saturday, July 9th. Deutsche Bank AG reiterated a “buy” rating on shares of Costco Wholesale Corp. in a research report on Sunday, July 10th. Nomura set a $185.00 price objective on Costco Wholesale Corp. and gave the stock a “buy” rating in a report on Saturday, October 1st. Finally, Cowen and Company set a $170.00 price objective on Costco Wholesale Corp. and gave the stock a “buy” rating in a report on Sunday, October 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Costco Wholesale Corp. has an average rating of “Buy” and a consensus target price of $172.74.
Costco Wholesale Corp. (NASDAQ:COST) opened at 149.99 on Monday. The firm’s 50-day moving average is $155.49 and its 200-day moving average is $156.18. The firm has a market capitalization of $65.62 billion, a PE ratio of 28.14 and a beta of 0.71. Costco Wholesale Corp. has a 12 month low of $138.57 and a 12 month high of $169.73.
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Costco Wholesale Corp. (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 29th. The retailer reported $1.77 EPS for the quarter, topping the consensus estimate of $1.73 by $0.04. Costco Wholesale Corp. had a net margin of 1.98% and a return on equity of 20.26%. The firm had revenue of $35.73 billion for the quarter. During the same quarter last year, the firm posted $1.73 earnings per share. Costco Wholesale Corp.’s revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts expect that Costco Wholesale Corp. will post $5.95 EPS for the current year.
In other Costco Wholesale Corp. news, Director John W. Meisenbach sold 5,737 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $167.74, for a total transaction of $962,324.38. Following the completion of the transaction, the director now directly owns 4,652 shares in the company, valued at $780,326.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jill S. Ruckelshaus sold 6,180 shares of the stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $166.03, for a total value of $1,026,065.40. Following the transaction, the director now owns 26,008 shares of the company’s stock, valued at $4,318,108.24. The disclosure for this sale can be found here. 0.78% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FCM Investments TX bought a new position in Costco Wholesale Corp. during the second quarter valued at about $133,000. Zions Bancorporation raised its position in Costco Wholesale Corp. by 88.2% in the first quarter. Zions Bancorporation now owns 890 shares of the retailer’s stock valued at $139,000 after buying an additional 417 shares in the last quarter. Global X Management Co. LLC raised its position in Costco Wholesale Corp. by 276.6% in the second quarter. Global X Management Co. LLC now owns 983 shares of the retailer’s stock valued at $154,000 after buying an additional 722 shares in the last quarter. PineBridge Investments L.P. raised its position in Costco Wholesale Corp. by 11.5% in the second quarter. PineBridge Investments L.P. now owns 1,078 shares of the retailer’s stock valued at $169,000 after buying an additional 111 shares in the last quarter. Finally, Signaturefd LLC raised its position in Costco Wholesale Corp. by 81.4% in the second quarter. Signaturefd LLC now owns 1,094 shares of the retailer’s stock valued at $172,000 after buying an additional 491 shares in the last quarter. Hedge funds and other institutional investors own 73.11% of the company’s stock.
Costco Wholesale Corp. Company Profile
Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico, Canada, United Kingdom (U.K.), Mexico, Japan, Australia, Spain, and through majority-owned subsidiaries in Taiwan and Korea. The Company operated 663 membership warehouses and an average warehouse is approximately 144,000 square feet.
To view Vetr’s full report, visit Vetr’s official website.
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