Oppenheimer Reaffirms “Buy” Rating for Costco Wholesale (COST)

Costco Wholesale (NASDAQ:COST)‘s stock had its “buy” rating reiterated by Oppenheimer in a note issued to investors on Friday.

Several other equities analysts have also weighed in on the company. Morgan Stanley set a $175.00 target price on Costco Wholesale and gave the company a “hold” rating in a research note on Friday. Cowen set a $214.00 price target on Costco Wholesale and gave the stock a “buy” rating in a report on Friday. Stifel Nicolaus restated a “buy” rating and issued a $200.00 price target (up from $185.00) on shares of Costco Wholesale in a report on Friday. UBS increased their price target on Costco Wholesale to $210.00 and gave the stock a “buy” rating in a report on Friday. Finally, Telsey Advisory Group increased their price target on Costco Wholesale from $186.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $183.46.

Costco Wholesale (COST) traded down $1.75 during trading hours on Friday, reaching $186.53. The company’s stock had a trading volume of 3,738,900 shares, compared to its average volume of 3,097,922. Costco Wholesale has a 1 year low of $150.00 and a 1 year high of $191.22. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $84,600.00, a price-to-earnings ratio of 32.35, a price-to-earnings-growth ratio of 3.05 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.01. Costco Wholesale had a return on equity of 22.21% and a net margin of 2.08%. The firm had revenue of $31.81 billion for the quarter, compared to analyst estimates of $31.01 billion. During the same quarter in the prior year, the firm posted $1.24 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. sell-side analysts expect that Costco Wholesale will post 6.48 EPS for the current year.

In other Costco Wholesale news, Director Richard M. Libenson sold 2,350 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $162.00, for a total transaction of $380,700.00. Following the transaction, the director now owns 4,109 shares in the company, valued at approximately $665,658. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Richard A. Galanti sold 3,000 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $170.95, for a total value of $512,850.00. Following the transaction, the chief financial officer now owns 35,225 shares in the company, valued at approximately $6,021,713.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,842 shares of company stock valued at $5,520,848. 0.74% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the business. Almanack Investment Partners LLC. bought a new position in shares of Costco Wholesale in the 2nd quarter valued at $101,000. Wealthcare Advisory Partners LLC bought a new position in shares of Costco Wholesale in the 3rd quarter valued at $102,000. Jacobus Wealth Management Inc. bought a new position in shares of Costco Wholesale in the 3rd quarter valued at $103,000. Northwest Investment Counselors LLC bought a new position in shares of Costco Wholesale in the 2nd quarter valued at $107,000. Finally, Shamrock Asset Management LLC increased its stake in shares of Costco Wholesale by 171.3% in the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock valued at $109,000 after purchasing an additional 418 shares during the last quarter. Hedge funds and other institutional investors own 71.49% of the company’s stock.

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About Costco Wholesale

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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