Vetr upgraded shares of Costco Wholesale Corporation (NASDAQ:COST) from a buy rating to a strong-buy rating in a report released on Monday morning. Vetr currently has $183.04 target price on the retailer’s stock.
COST has been the subject of a number of other research reports. Deutsche Bank AG set a $172.00 target price on shares of Costco Wholesale Corporation and gave the company a hold rating in a research report on Monday, July 31st. UBS AG upgraded shares of Costco Wholesale Corporation from a market perform rating to an outperform rating in a research report on Monday, June 26th. BMO Capital Markets lowered shares of Costco Wholesale Corporation from an outperform rating to a market perform rating and decreased their target price for the company from $185.00 to $160.00 in a research report on Monday, July 10th. Robert W. Baird reissued a buy rating and issued a $200.00 price target on shares of Costco Wholesale Corporation in a report on Thursday, August 31st. Finally, Stifel Nicolaus reissued a buy rating and issued a $173.00 price target on shares of Costco Wholesale Corporation in a report on Monday. Eleven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $178.50.
Shares of Costco Wholesale Corporation (NASDAQ COST) traded down 0.3310% during mid-day trading on Monday, hitting $157.3475. 741,078 shares of the company traded hands. The firm has a 50-day moving average price of $159.86 and a 200 day moving average price of $164.59. The firm has a market cap of $68.79 billion, a price-to-earnings ratio of 25.8795 and a beta of 0.94. Costco Wholesale Corporation has a 52-week low of $142.11 and a 52-week high of $183.18.
Costco Wholesale Corporation (NASDAQ:COST) last announced its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.06. The firm had revenue of $42.30 billion during the quarter, compared to analyst estimates of $41.55 billion. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.33%. Costco Wholesale Corporation’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.77 EPS. Equities research analysts anticipate that Costco Wholesale Corporation will post $6.43 EPS for the current fiscal year.
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In other news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $157.59, for a total value of $157,590.00. Following the completion of the sale, the director now directly owns 6,974 shares of the company’s stock, valued at $1,099,032.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 3,000 shares of company stock valued at $481,760 over the last three months. 0.74% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in COST. Delta Asset Management LLC TN increased its holdings in Costco Wholesale Corporation by 11.6% in the second quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock worth $100,000 after buying an additional 65 shares during the last quarter. Almanack Investment Partners LLC. acquired a new position in Costco Wholesale Corporation in the second quarter worth approximately $101,000. Northwest Investment Counselors LLC acquired a new position in Costco Wholesale Corporation in the second quarter worth approximately $107,000. Mercer Capital Advisers Inc. increased its holdings in Costco Wholesale Corporation by 3.5% in the second quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after buying an additional 23 shares during the last quarter. Finally, Mosaic Family Wealth LLC increased its holdings in Costco Wholesale Corporation by 16.7% in the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 72.34% of the company’s stock.
About Costco Wholesale Corporation
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.
To view Vetr’s full report, visit Vetr’s official website.
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