Costco Wholesale Corporation (NASDAQ:COST)‘s stock had its “buy” rating reaffirmed by research analysts at Robert W. Baird in a research note issued to investors on Friday.

A number of other analysts have also recently issued reports on COST. Deutsche Bank AG reissued a “hold” rating and issued a $172.00 price objective on shares of Costco Wholesale Corporation in a research note on Tuesday, September 5th. Citigroup Inc. increased their price objective on shares of Costco Wholesale Corporation from $155.00 to $187.00 and gave the stock a “hold” rating in a research note on Friday, October 6th. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $185.00 price objective on shares of Costco Wholesale Corporation in a research note on Thursday, August 31st. Morgan Stanley cut shares of Costco Wholesale Corporation from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $190.00 to $165.00 in a research note on Friday, October 6th. Finally, Zacks Investment Research cut shares of Costco Wholesale Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. Twelve investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $178.34.

Costco Wholesale Corporation (COST) traded up $1.98 on Friday, reaching $170.98. 2,342,700 shares of the company’s stock traded hands, compared to its average volume of 3,095,786. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.59. Costco Wholesale Corporation has a fifty-two week low of $149.52 and a fifty-two week high of $183.18. The company has a market capitalization of $74,780.00, a P/E ratio of 29.04, a PEG ratio of 2.70 and a beta of 0.93.

Costco Wholesale Corporation (NASDAQ:COST) last released 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. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.21%. The business had revenue of $42.30 billion for the quarter, compared to the consensus estimate of $41.55 billion. During the same period last year, the firm earned $1.77 earnings per share. The company’s quarterly revenue was up 15.7% on a year-over-year basis. research analysts expect that Costco Wholesale Corporation will post 6.45 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Costco Wholesale Corporation (COST) Earns “Buy” Rating from Robert W. Baird” was originally reported by American Banking News and is owned by of American Banking News. If you are reading this report on another domain, it was stolen and republished in violation of U.S. and international copyright & trademark law. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/11/17/costco-wholesale-corporation-cost-earns-buy-rating-from-robert-w-baird.html.

In related news, insider John D. Mckay sold 8,111 shares of Costco Wholesale Corporation stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $172.78, for a total transaction of $1,401,418.58. Following the completion of the sale, the insider now owns 66,751 shares in the company, valued at approximately $11,533,237.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Dennis R. Zook sold 5,000 shares of Costco Wholesale Corporation stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $161.92, for a total transaction of $809,600.00. Following the sale, the vice president now owns 626 shares of the company’s stock, valued at approximately $101,361.92. The disclosure for this sale can be found here. Insiders sold a total of 30,842 shares of company stock valued at $5,128,658 in the last 90 days. Company insiders own 0.74% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. raised its holdings in shares of Costco Wholesale Corporation by 4.1% in the 1st quarter. Alliancebernstein L.P. now owns 3,248,905 shares of the retailer’s stock valued at $544,809,000 after purchasing an additional 129,106 shares in the last quarter. Mechanics Bank Trust Department raised its holdings in shares of Costco Wholesale Corporation by 4.8% in the 2nd quarter. Mechanics Bank Trust Department now owns 33,556 shares of the retailer’s stock valued at $5,366,000 after purchasing an additional 1,529 shares in the last quarter. Cadinha & Co. LLC raised its holdings in shares of Costco Wholesale Corporation by 7.3% in the 2nd quarter. Cadinha & Co. LLC now owns 124,642 shares of the retailer’s stock valued at $19,934,000 after purchasing an additional 8,518 shares in the last quarter. Stephens Inc. AR raised its holdings in shares of Costco Wholesale Corporation by 3.1% in the 1st quarter. Stephens Inc. AR now owns 44,405 shares of the retailer’s stock valued at $7,446,000 after purchasing an additional 1,350 shares in the last quarter. Finally, Intersect Capital LLC raised its holdings in shares of Costco Wholesale Corporation by 143.4% in the 2nd quarter. Intersect Capital LLC now owns 5,382 shares of the retailer’s stock valued at $861,000 after purchasing an additional 3,171 shares in the last quarter. Institutional investors own 72.76% of the company’s stock.

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)

Receive News & Ratings for Costco Wholesale Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale Corporation and related companies with MarketBeat.com's FREE daily email newsletter.