Costco Wholesale Corporation (NASDAQ:COST)‘s stock had its “outperform” rating reissued by analysts at Royal Bank Of Canada in a note issued to investors on Friday. They presently have a $190.00 price target on the retailer’s stock, up from their prior price target of $184.00. Royal Bank Of Canada’s price objective suggests a potential upside of 20.95% from the stock’s current price.

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

Shares of Costco Wholesale Corporation (COST) traded down 5.97% during midday trading on Friday, reaching $157.09. The company’s stock had a trading volume of 17,970,311 shares. The firm 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 company has a 50-day moving average price of $160.00 and a 200-day moving average price of $164.90. Costco Wholesale Corporation also was the recipient of unusually large options trading on Thursday. Traders acquired 21,435 call options on the stock. This is an increase of approximately 266% compared to the average 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 for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.06. The firm had revenue of $42.30 billion for the quarter, compared to analyst estimates of $41.55 billion. Costco Wholesale Corporation had a return on equity of 20.45% and a net margin of 2.06%. The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.77 EPS. Equities analysts expect that Costco Wholesale Corporation will post $6.43 earnings per share for the current year.

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In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the company’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 owns 6,974 shares of the company’s stock, valued at approximately $1,099,032.66. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 3,000 shares of company stock valued at $481,760. Insiders own 0.74% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Westside Investment Management Inc. increased its holdings in Costco Wholesale Corporation by 0.3% in the 2nd quarter. Westside Investment Management Inc. now owns 1,114 shares of the retailer’s stock worth $168,000 after purchasing an additional 3 shares in the last quarter. Brightworth increased its stake in shares of Costco Wholesale Corporation by 0.3% in the second quarter. Brightworth now owns 1,334 shares of the retailer’s stock valued at $213,000 after buying an additional 4 shares during the period. Pioneer Trust Bank N A OR increased its stake in shares of Costco Wholesale Corporation by 0.4% in the second quarter. Pioneer Trust Bank N A OR now owns 1,659 shares of the retailer’s stock valued at $266,000 after buying an additional 7 shares during the period. SVA Plumb Wealth Management LLC increased its stake in shares of Costco Wholesale Corporation by 0.3% in the second quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer’s stock valued at $404,000 after buying an additional 7 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of Costco Wholesale Corporation by 0.5% in the second quarter. Cetera Investment Advisers now owns 1,390 shares of the retailer’s stock valued at $223,000 after buying an additional 7 shares during the period. 72.35% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Costco Wholesale Corporation (NASDAQ:COST)

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