Costco Wholesale Co. (NASDAQ:COST) has been given an average rating of “Buy” by the thirty analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $180.57.

Several analysts have commented on the stock. Deutsche Bank reiterated a “hold” rating and set a $172.00 target price on shares of Costco Wholesale in a research report on Tuesday, September 5th. Citigroup upped their target price on shares of Costco Wholesale from $155.00 to $187.00 and gave the company a “hold” rating in a research report on Friday, October 6th. Oppenheimer reiterated a “buy” rating and set a $185.00 target price on shares of Costco Wholesale in a research report on Thursday, August 31st. Morgan Stanley cut shares of Costco Wholesale from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $190.00 to $165.00 in a research report on Friday, October 6th. Finally, Zacks Investment Research cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Monday, September 18th.

In related news, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $183.26, for a total value of $549,780.00. Following the completion of the transaction, the director now directly owns 8,654 shares of the company’s stock, valued at approximately $1,585,932.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John D. Mckay sold 8,111 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $172.78, for a total transaction of $1,401,418.58. Following the completion of the transaction, the insider now directly owns 66,751 shares of the company’s stock, valued at $11,533,237.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,842 shares of company stock valued at $5,520,848. 0.74% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its stake in shares of Costco Wholesale by 3,005.9% during the 2nd quarter. Janus Henderson Group PLC now owns 4,180,770 shares of the retailer’s stock worth $668,630,000 after buying an additional 4,046,164 shares during the last quarter. Harbour Capital Advisors LLC boosted its stake in shares of Costco Wholesale by 15,937.3% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,448,646 shares of the retailer’s stock worth $9,058,000 after buying an additional 1,439,613 shares during the last quarter. Capital World Investors boosted its stake in shares of Costco Wholesale by 6.0% during the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock worth $2,843,102,000 after buying an additional 1,007,720 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Costco Wholesale by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock worth $5,380,168,000 after buying an additional 937,121 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Costco Wholesale by 14.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,805,874 shares of the retailer’s stock worth $1,118,138,000 after buying an additional 858,969 shares during the last quarter. 71.49% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale (NASDAQ COST) opened at $187.22 on Thursday. Costco Wholesale has a 1-year low of $150.00 and a 1-year high of $191.22. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $82,075.39, a price-to-earnings ratio of 32.27, a price-to-earnings-growth ratio of 3.05 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.06. Costco Wholesale had a return on equity of 22.21% and a net margin of 2.08%. The firm had revenue of $42.30 billion for the quarter, compared to the consensus estimate of $41.55 billion. During the same quarter in the prior year, the business earned $1.77 EPS. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. equities analysts expect that Costco Wholesale will post 6.46 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, November 16th. Costco Wholesale’s dividend payout ratio is currently 32.89%.

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Costco Wholesale 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 (NASDAQ:COST)

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