Costco Wholesale Corporation (COST) PT Set at $185.00 by Oppenheimer Holdings, Inc.
Costco Wholesale Corporation (NASDAQ:COST) has been given a $185.00 price target by Oppenheimer Holdings, Inc. in a report issued on Friday. The firm currently has a “buy” rating on the retailer’s stock. Oppenheimer Holdings, Inc.’s price target would suggest a potential upside of 10.75% from the company’s current price.
Other equities analysts also recently issued research reports about the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $173.00 price objective (down previously from $191.00) on shares of Costco Wholesale Corporation in a research report on Friday, June 23rd. BidaskClub downgraded Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Northcoast Research raised Costco Wholesale Corporation from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Tuesday, June 20th. Robert W. Baird reissued a “buy” rating and set a $200.00 price target on shares of Costco Wholesale Corporation in a research report on Wednesday, June 28th. Finally, Vetr raised Costco Wholesale Corporation from a “hold” rating to a “buy” rating and set a $165.58 price target on the stock in a research report on Thursday, June 29th. Twelve analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $177.93.
Shares of Costco Wholesale Corporation (NASDAQ COST) opened at 167.07 on Friday. The company has a 50-day moving average of $160.00 and a 200 day moving average of $164.90. Costco Wholesale Corporation has a 12-month low of $142.11 and a 12-month high of $183.18. The company has a market cap of $73.28 billion, a PE ratio of 29.01 and a beta of 0.94. Costco Wholesale Corporation also saw some unusual options trading on Thursday. Investors bought 21,435 call options on the stock. This is an increase of approximately 266% compared to the typical daily volume of 5,855 call options.
Costco Wholesale Corporation (NASDAQ:COST) last announced its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.06. The company had revenue of $42.30 billion for the quarter, compared to the consensus estimate of $41.55 billion. Costco Wholesale Corporation had a return on equity of 20.45% and a net margin of 2.06%. Costco Wholesale Corporation’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.77 EPS. On average, equities research analysts expect that Costco Wholesale Corporation will post $5.78 EPS for the current year.
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In other news, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $157.59, for a total value of $157,590.00. Following the completion of the transaction, the director now directly 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 available at the SEC website. Over the last 90 days, insiders sold 3,000 shares of company stock valued at $481,760. Company insiders own 0.74% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Crow Point Partners LLC purchased a new position in shares of Costco Wholesale Corporation in the third quarter worth about $354,000. Bridges Investment Management Inc. raised its stake in shares of Costco Wholesale Corporation by 24.9% in the third quarter. Bridges Investment Management Inc. now owns 5,271 shares of the retailer’s stock worth $866,000 after purchasing an additional 1,050 shares during the last quarter. Intl Fcstone Inc. purchased a new position in shares of Costco Wholesale Corporation in the second quarter worth about $208,000. Gs Investments Inc. purchased a new position in shares of Costco Wholesale Corporation in the second quarter worth about $1,330,000. Finally, Achmea Investment Management B.V. purchased a new position in shares of Costco Wholesale Corporation in the second quarter worth about $757,000. Hedge funds and other institutional investors own 72.35% of the company’s stock.
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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