Costco Wholesale Corporation (NASDAQ:COST)‘s stock had its “outperform” rating reaffirmed by investment analysts at BMO Capital Markets in a research note issued on Thursday. They currently have a $185.00 price target on the retailer’s stock. BMO Capital Markets’ price target would indicate a potential upside of 17.77% from the stock’s current price.

A number of other research analysts have also recently issued reports on COST. Robert W. Baird set a $200.00 target price on Costco Wholesale Corporation and gave the company a “buy” rating in a research note on Thursday, March 16th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Costco Wholesale Corporation in a research report on Monday, March 20th. Cowen and Company reaffirmed an “outperform” rating on shares of Costco Wholesale Corporation in a research report on Thursday, March 30th. Oppenheimer Holdings, Inc. set a $185.00 price objective on Costco Wholesale Corporation and gave the stock a “buy” rating in a research report on Saturday, April 1st. Finally, Vetr raised Costco Wholesale Corporation from a “hold” rating to a “buy” rating and set a $175.18 price objective for the company in a research report on Wednesday, April 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $180.35.

Shares of Costco Wholesale Corporation (COST) traded down 0.59% during midday trading on Thursday, reaching $157.09. The company’s stock had a trading volume of 6,959,740 shares. The company has a market cap of $68.90 billion, a price-to-earnings ratio of 27.27 and a beta of 0.94. Costco Wholesale Corporation has a 12 month low of $142.11 and a 12 month high of $183.18. The stock has a 50-day moving average of $172.28 and a 200 day moving average of $169.16. Costco Wholesale Corporation also was the recipient of some unusual options trading on Wednesday. Traders purchased 4,451 call options on the company. This is an increase of 104% compared to the average daily volume of 2,178 call options.

Costco Wholesale Corporation (NASDAQ:COST) last posted its earnings results on Thursday, May 25th. The retailer reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.09. Costco Wholesale Corporation had a return on equity of 20.45% and a net margin of 2.06%. The firm had revenue of $28.86 billion during the quarter, compared to analysts’ expectations of $28.57 billion. During the same period in the previous year, the firm earned $1.24 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. On average, analysts predict that Costco Wholesale Corporation will post $5.76 earnings per share for the current fiscal year.

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In other Costco Wholesale Corporation news, VP James P. Murphy sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $181.30, for a total value of $906,500.00. Following the sale, the vice president now owns 48,845 shares of the company’s stock, valued at approximately $8,855,598.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John D. Mckay sold 3,000 shares of the firm’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $181.60, for a total value of $544,800.00. Following the completion of the sale, the insider now directly owns 62,607 shares in the company, valued at approximately $11,369,431.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,000 shares of company stock worth $2,518,180. Company insiders own 0.74% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Mercer Capital Advisers Inc. increased its stake in shares of Costco Wholesale Corporation by 43.4% in the first quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock worth $111,000 after buying an additional 201 shares in the last quarter. Mosaic Family Wealth LLC increased its stake in shares of 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 buying an additional 100 shares in the last quarter. CKW Financial Group increased its stake in shares of Costco Wholesale Corporation by 33.1% in the first quarter. CKW Financial Group now owns 804 shares of the retailer’s stock worth $135,000 after buying an additional 200 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Costco Wholesale Corporation by 142.1% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 920 shares of the retailer’s stock worth $154,000 after buying an additional 540 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its stake in shares of Costco Wholesale Corporation by 67.3% in the first quarter. Proficio Capital Partners LLC now owns 927 shares of the retailer’s stock worth $160,000 after buying an additional 373 shares in the last quarter. 73.89% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Costco Wholesale Corporation (NASDAQ:COST)

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