Costco Wholesale (NASDAQ:COST) had its price objective lifted by research analysts at Telsey Advisory Group from $186.00 to $195.00 in a report released on Friday. The brokerage currently has an “outperform” rating on the retailer’s stock. Telsey Advisory Group’s price target would suggest a potential upside of 4.54% from the stock’s previous close.
A number of other research firms also recently commented on COST. Moffett Nathanson initiated coverage on shares of Costco Wholesale in a report on Monday, December 4th. They set a “buy” rating for the company. < Vetr raised shares of Costco Wholesale from a “buy” rating to a “strong-buy” rating and set a $182.22 price objective for the company in a report on Monday, August 21st. Robert W. Baird reaffirmed a “buy” rating and set a $215.00 price objective on shares of Costco Wholesale in a report on Friday. Oppenheimer reaffirmed a “buy” rating on shares of Costco Wholesale in a report on Thursday, August 24th. Finally, Morgan Stanley downgraded shares of Costco Wholesale 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 report on Friday, October 6th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $181.91.
Shares of Costco Wholesale (NASDAQ COST) opened at $186.53 on Friday. The firm has a market cap of $82,276.40, 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 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.
In other news, CFO Richard A. Galanti sold 3,000 shares of Costco Wholesale stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $170.95, for a total transaction of $512,850.00. Following the completion of the sale, the chief financial officer now owns 35,225 shares in the company, valued at approximately $6,021,713.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John D. Mckay sold 8,111 shares of Costco Wholesale stock in a transaction that occurred 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 sale, the insider now owns 66,751 shares of the company’s stock, valued at approximately $11,533,237.78. The disclosure for this sale can be found here. Insiders sold a total of 32,842 shares of company stock valued at $5,520,848 in the last 90 days. Corporate insiders own 0.74% of the company’s stock.
Several large investors have recently modified their holdings of COST. Almanack Investment Partners LLC. bought a new position in Costco Wholesale during the 2nd quarter worth approximately $101,000. Wealthcare Advisory Partners LLC bought a new position in Costco Wholesale during the 3rd quarter worth approximately $102,000. Jacobus Wealth Management Inc. bought a new position in Costco Wholesale during the 3rd quarter worth approximately $103,000. Northwest Investment Counselors LLC bought a new position in Costco Wholesale during the 2nd quarter worth approximately $107,000. Finally, Shamrock Asset Management LLC boosted its stake in Costco Wholesale by 171.3% during the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after acquiring an additional 418 shares during the last quarter. 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.
