Costco Wholesale (NASDAQ:COST) received a $214.00 target price from research analysts at Cowen in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the retailer’s stock. Cowen’s price objective would indicate a potential upside of 10.56% from the stock’s current price.
A number of other analysts also recently issued reports on COST. UBS raised their target price on Costco Wholesale to $210.00 and gave the stock a “buy” rating in a research report on Friday. Telsey Advisory Group raised their target price on Costco Wholesale from $186.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday. Stifel Nicolaus reissued a “buy” rating and issued a $200.00 target price (up from $185.00) on shares of Costco Wholesale in a research report on Friday. Robert W. Baird reissued a “buy” rating and issued a $215.00 target price on shares of Costco Wholesale in a research report on Friday. Finally, Guggenheim reissued a “neutral” rating on shares of Costco Wholesale in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seventeen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $183.46.
Shares of Costco Wholesale (COST) traded up $7.03 during trading on Friday, reaching $193.56. The company had a trading volume of 4,929,527 shares, compared to its average volume of 3,097,922. The company has a market capitalization of $84,600.00, a price-to-earnings ratio of 32.35, a P/E/G 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 related news, Director Richard M. Libenson sold 2,350 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $162.00, for a total transaction of $380,700.00. Following the completion of the transaction, the director now directly owns 4,109 shares in the company, valued at $665,658. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $164.92, for a total value of $164,920.00. Following the transaction, the director now owns 6,974 shares of the company’s stock, valued at $1,150,152.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,842 shares of company stock valued at $5,520,848. 0.74% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Wealthcare Advisory Partners LLC bought a new stake in Costco Wholesale during the third quarter worth about $102,000. Jacobus Wealth Management Inc. bought a new stake in Costco Wholesale during the third quarter worth about $103,000. Almanack Investment Partners LLC. bought a new stake in Costco Wholesale during the second quarter worth about $101,000. Shamrock Asset Management LLC lifted its stake in Costco Wholesale by 171.3% during the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after purchasing an additional 418 shares during the last quarter. Finally, Northwest Investment Counselors LLC bought a new stake in Costco Wholesale during the second quarter worth about $107,000. Institutional investors and hedge funds own 71.49% of the company’s stock.
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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.
