Costco Wholesale (NASDAQ:COST) received a $223.00 price target from investment analysts at BMO Capital Markets in a research note issued on Wednesday. The brokerage currently has a “buy” rating on the retailer’s stock. BMO Capital Markets’ price objective points to a potential upside of 12.11% from the company’s current price.
COST has been the topic of several other research reports. Tigress Financial reiterated a “buy” rating on shares of Costco Wholesale in a research report on Friday, January 5th. Citigroup reiterated a “buy” rating and set a $190.00 price objective (up previously from $187.00) on shares of Costco Wholesale in a research report on Monday, October 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $190.00 price objective (up previously from $184.00) on shares of Costco Wholesale in a research report on Friday, October 6th. Jefferies Group reiterated a “hold” rating and set a $162.00 price objective (down previously from $168.00) on shares of Costco Wholesale in a research report on Friday, October 6th. Finally, Oppenheimer set a $185.00 price objective on Costco Wholesale and gave the stock a “buy” rating in a research report on Friday, October 6th. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $189.20.
Costco Wholesale (NASDAQ:COST) traded up $0.96 during mid-day trading on Wednesday, reaching $198.91. The company’s stock had a trading volume of 2,553,280 shares, compared to its average volume of 2,850,000. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.57. The company has a market cap of $87,360.00, a PE ratio of 31.62, a price-to-earnings-growth ratio of 3.25 and a beta of 0.98. Costco Wholesale has a 1 year low of $150.00 and a 1 year high of $199.23.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.01. The firm had revenue of $31.81 billion for the quarter, compared to analysts’ expectations of $31.01 billion. Costco Wholesale had a return on equity of 25.45% and a net margin of 2.05%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.24 EPS. equities research analysts expect that Costco Wholesale will post 6.69 earnings per share for the current fiscal year.
In related news, Director James D. Sinegal sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $192.06, for a total value of $5,761,800.00. Following the sale, the director now directly owns 746,209 shares of the company’s stock, valued at $143,316,900.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard A. Galanti sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $170.95, for a total value of $512,850.00. Following the completion of the sale, the chief financial officer now directly owns 35,225 shares in the company, valued at $6,021,713.75. The disclosure for this sale can be found here. Insiders sold 104,677 shares of company stock worth $19,641,535 over the last ninety days. 0.74% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the company. Wealthcare Advisory Partners LLC acquired a new stake in shares of Costco Wholesale during the third quarter valued at about $102,000. Jacobus Wealth Management Inc. acquired a new stake in shares of Costco Wholesale during the third quarter valued at about $103,000. Almanack Investment Partners LLC. acquired a new stake in shares of Costco Wholesale during the second quarter valued at about $101,000. Shamrock Asset Management LLC boosted its stake in shares of Costco Wholesale by 171.3% during the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock valued at $109,000 after purchasing an additional 418 shares in the last quarter. Finally, Mercer Capital Advisers Inc. boosted its stake in shares of Costco Wholesale by 3.5% during the second quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock valued at $110,000 after purchasing an additional 23 shares in the last quarter. 70.93% of the stock is currently owned by hedge funds and other institutional investors.
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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.