Costco Wholesale Corporation’s (NASDAQ:COST) same store sales climbed 8.9% in the month of September. Costco Wholesale Corporation’s stock climbed by 0% in the first full-day of trading following the report.

Several equities research analysts recently commented on COST shares. Vetr upgraded shares of Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 price target on the stock in a research note on Monday, August 21st. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Costco Wholesale Corporation in a research note on Thursday, August 24th. BidaskClub lowered shares of Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Wells Fargo & Company reiterated a “hold” rating on shares of Costco Wholesale Corporation in a research note on Thursday, August 3rd. Finally, Cowen and Company set a $180.00 price target on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Ten investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $179.56.

In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $157.59, for a total transaction of $157,590.00. Following the completion of the transaction, the director now owns 6,974 shares in the company, valued at $1,099,032.66. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 3,000 shares of company stock valued at $481,760. 0.74% of the stock is currently owned by company insiders.

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Shares of Costco Wholesale Corporation (COST) traded up 1.13% during trading on Thursday, reaching $167.07. 4,278,162 shares of the company’s stock were exchanged. Costco Wholesale Corporation has a 52 week low of $142.11 and a 52 week high of $183.18. The firm has a market capitalization of $73.28 billion, a PE ratio of 29.01 and a beta of 0.94. The company’s 50-day moving average price is $159.79 and its 200 day moving average price is $164.89.

A number of hedge funds have recently bought and sold shares of COST. Waldron LP purchased a new stake in Costco Wholesale Corporation during the first quarter valued at about $223,000. Macguire Cheswick & Tuttle Investment Counsel LLC lifted its stake in Costco Wholesale Corporation by 0.7% during the first quarter. Macguire Cheswick & Tuttle Investment Counsel LLC now owns 85,991 shares of the retailer’s stock valued at $14,420,000 after buying an additional 602 shares in the last quarter. Barrett Asset Management LLC lifted its stake in Costco Wholesale Corporation by 24.5% during the first quarter. Barrett Asset Management LLC now owns 29,219 shares of the retailer’s stock valued at $4,900,000 after buying an additional 5,750 shares in the last quarter. Tufton Capital Management purchased a new stake in Costco Wholesale Corporation during the first quarter valued at about $490,000. Finally, Tarbox Group Inc. lifted its stake in Costco Wholesale Corporation by 160.3% during the first quarter. Tarbox Group Inc. now owns 1,299 shares of the retailer’s stock valued at $218,000 after buying an additional 800 shares in the last quarter. 72.35% of the stock is owned by 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.

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