Costco Wholesale Corporation (NASDAQ:COST)‘s stock had its “hold” rating restated by research analysts at Jefferies Group LLC in a research note issued to investors on Friday. They currently have a $162.00 price target on the retailer’s stock, down from their prior price target of $168.00. Jefferies Group LLC’s target price would indicate a potential downside of 3.02% from the stock’s current price. Jefferies Group also issued estimates for Costco Wholesale Corporation’s Q4 2017 earnings at $2.05 EPS, FY2017 earnings at $5.79 EPS and FY2018 earnings at $6.50 EPS.

A number of other research firms have also issued reports on COST. Vetr raised shares of Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 price target for the company in a research report on Monday, August 21st. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Costco Wholesale Corporation in a research report on Thursday, August 24th. BidaskClub lowered shares of Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Wells Fargo & Company reissued a “hold” rating on shares of Costco Wholesale Corporation in a research report on Thursday, August 3rd. Finally, Morgan Stanley lowered shares of Costco Wholesale Corporation from an “overweight” rating to an “equal weight” rating and set a $165.00 price target for the company. in a research report on Friday. Twelve investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Costco Wholesale Corporation has an average rating of “Buy” and an average target price of $178.39.

Shares of Costco Wholesale Corporation (NASDAQ COST) traded down 5.99% during mid-day trading on Friday, reaching $157.06. 17,955,806 shares of the company traded hands. The firm has a market capitalization of $68.89 billion, a price-to-earnings ratio of 27.27 and a beta of 0.94. Costco Wholesale Corporation has a 52 week low of $142.11 and a 52 week high of $183.18. The firm has a 50-day moving average price of $160.00 and a 200 day moving average price of $164.90. Costco Wholesale Corporation also saw unusually large options trading activity on Thursday. Traders purchased 21,435 call options on the company. This is an increase of 266% compared to the average daily volume of 5,855 call options.

Costco Wholesale Corporation (NASDAQ:COST) last posted its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.06. Costco Wholesale Corporation had a net margin of 2.06% and a return on equity of 20.45%. The company had revenue of $42.30 billion during the quarter, compared to analyst estimates of $41.55 billion. During the same period last year, the firm posted $1.77 EPS. Costco Wholesale Corporation’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, analysts anticipate that Costco Wholesale Corporation will post $6.43 earnings per share for the current year.

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In other news, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $159.25, for a total transaction of $159,250.00. Following the transaction, the director now owns 4,974 shares of the company’s stock, valued at approximately $792,109.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 3,000 shares of company stock worth $481,760. Corporate insiders own 0.74% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Delta Asset Management LLC TN boosted its position in shares of Costco Wholesale Corporation by 11.6% during the 2nd quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock valued at $100,000 after acquiring an additional 65 shares during the last quarter. Almanack Investment Partners LLC. acquired a new position in shares of Costco Wholesale Corporation during the 2nd quarter valued at about $101,000. Northwest Investment Counselors LLC acquired a new position in shares of Costco Wholesale Corporation during the 2nd quarter valued at about $107,000. Mercer Capital Advisers Inc. boosted its position in shares of Costco Wholesale Corporation by 3.5% during the 2nd quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock valued at $110,000 after acquiring an additional 23 shares during the last quarter. Finally, Mosaic Family Wealth LLC boosted its position in shares of Costco Wholesale Corporation by 16.7% during the 1st quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock valued at $117,000 after acquiring an additional 100 shares during the last quarter. 72.35% 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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