Costco Wholesale (COST) Price Target Increased to $200.00 by Analysts at Argus

Costco Wholesale (NASDAQ:COST) had its price objective boosted by Argus to $200.00 in a report issued on Monday. The brokerage currently has a “buy” rating on the retailer’s stock. Argus’ price objective would indicate a potential upside of 10.46% from the company’s current price.

COST has been the topic of a number of other research reports. Vetr upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 target price on the stock in a research note on Thursday, January 4th. JPMorgan Chase & Co. restated a “buy” rating and set a $200.00 target price on shares of Costco Wholesale in a research note on Monday, December 4th. Oppenheimer lifted their target price on shares of Costco Wholesale from $180.00 to $210.00 and gave the company an “outperform” rating in a research note on Monday, January 8th. Guggenheim restated a “hold” rating on shares of Costco Wholesale in a research note on Wednesday, November 22nd. Finally, Stifel Nicolaus lifted their target price on shares of Costco Wholesale from $179.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, November 30th. Nine equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $190.36.

Shares of Costco Wholesale (COST) traded up $0.34 during trading on Monday, hitting $181.06. 1,595,554 shares of the stock traded hands, compared to its average volume of 2,700,000. The stock has a market cap of $79,520.00, a PE ratio of 28.79, a PEG ratio of 2.95 and a beta of 0.99. Costco Wholesale has a 1-year low of $150.00 and a 1-year high of $199.88. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.57.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.01. The business had revenue of $31.81 billion for the quarter, compared to analysts’ expectations of $31.01 billion. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The company’s revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.24 EPS. equities research analysts expect that Costco Wholesale will post 6.71 EPS for the current fiscal year.

In related news, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $183.26, for a total transaction of $549,780.00. Following the transaction, the director now directly owns 8,654 shares in the company, valued at approximately $1,585,932.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP James P. Murphy sold 5,000 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $187.48, for a total transaction of $937,400.00. Following the transaction, the vice president now owns 53,834 shares in the company, valued at $10,092,798.32. The disclosure for this sale can be found here. Insiders have sold a total of 91,185 shares of company stock worth $17,408,817 over the last quarter. 0.58% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. Westside Investment Management Inc. boosted its position in Costco Wholesale by 0.3% in the 2nd quarter. Westside Investment Management Inc. now owns 1,114 shares of the retailer’s stock valued at $168,000 after buying an additional 3 shares during the period. SVA Plumb Wealth Management LLC boosted its position in Costco Wholesale by 0.3% in the 2nd 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. Cetera Investment Advisers boosted its position in Costco Wholesale by 0.5% in the 2nd 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. Ray Gerald L & Associates Ltd. boosted its position in Costco Wholesale by 1.6% in the 2nd quarter. Ray Gerald L & Associates Ltd. now owns 1,285 shares of the retailer’s stock valued at $206,000 after buying an additional 20 shares during the period. Finally, Keel Point LLC boosted its position in Costco Wholesale by 1.6% in the 2nd quarter. Keel Point LLC now owns 1,722 shares of the retailer’s stock valued at $275,000 after buying an additional 27 shares during the period. Institutional investors own 72.06% 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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