Costco Wholesale (NASDAQ:COST) had its price target lifted by equities research analysts at Oppenheimer from $180.00 to $210.00 in a research report issued on Monday. The firm currently has an “outperform” rating on the retailer’s stock. Oppenheimer’s target price points to a potential upside of 11.85% from the stock’s previous close.
COST has been the subject of a number of other reports. Vetr upgraded Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price objective for the company in a research report on Thursday. Stifel Nicolaus reiterated a “buy” rating and issued a $173.00 price objective on shares of Costco Wholesale in a research report on Monday, October 9th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $200.00 price objective on shares of Costco Wholesale in a research report on Monday, December 4th. Zacks Investment Research upgraded Costco Wholesale from a “hold” rating to a “buy” rating and set a $180.00 price objective for the company in a research report on Tuesday, September 19th. Finally, Bank of America restated a “buy” rating and set a $192.00 target price on shares of Costco Wholesale in a research report on Monday, October 9th. Ten research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $188.90.
Shares of Costco Wholesale (NASDAQ COST) opened at $187.75 on Monday. 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 capitalization of $82,442.13, a PE ratio of 29.85, a P/E/G ratio of 3.12 and a beta of 0.98. Costco Wholesale has a 12-month low of $150.00 and a 12-month high of $195.35.
In other Costco Wholesale news, Director John W. Meisenbach sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $187.23, for a total value of $561,690.00. Following the sale, the director now owns 8,654 shares in the company, valued at approximately $1,620,288.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Richard A. Galanti sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $160.58, for a total value of $802,900.00. Following the completion of the sale, the vice president now owns 41,396 shares in the company, valued at approximately $6,647,369.68. The disclosure for this sale can be found here. Insiders sold a total of 59,842 shares of company stock worth $10,744,218 in the last 90 days. Company insiders own 0.58% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COST. Alliancebernstein L.P. increased its holdings in shares of Costco Wholesale by 4.1% during the 1st quarter. Alliancebernstein L.P. now owns 3,248,905 shares of the retailer’s stock worth $544,809,000 after acquiring an additional 129,106 shares during the last quarter. Norinchukin Bank The grew its holdings in Costco Wholesale by 0.9% in the 3rd quarter. Norinchukin Bank The now owns 45,564 shares of the retailer’s stock valued at $6,949,000 after buying an additional 411 shares in the last quarter. Mechanics Bank Trust Department grew its holdings in Costco Wholesale by 4.8% in the 2nd quarter. Mechanics Bank Trust Department now owns 33,556 shares of the retailer’s stock valued at $5,366,000 after buying an additional 1,529 shares in the last quarter. Chesley Taft & Associates LLC grew its holdings in Costco Wholesale by 2.6% in the 3rd quarter. Chesley Taft & Associates LLC now owns 88,686 shares of the retailer’s stock valued at $13,526,000 after buying an additional 2,214 shares in the last quarter. Finally, Hosking Partners LLP grew its holdings in Costco Wholesale by 13.9% in the 3rd quarter. Hosking Partners LLP now owns 520,001 shares of the retailer’s stock valued at $79,305,000 after buying an additional 63,639 shares in the last quarter. Hedge funds and other institutional investors own 70.91% 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.
