Costco Wholesale (COST) Stock Rating Reaffirmed by Telsey Advisory Group

Costco Wholesale (NASDAQ:COST)‘s stock had its “outperform” rating reissued by Telsey Advisory Group in a note issued to investors on Friday. They currently have a $195.00 target price on the retailer’s stock. Telsey Advisory Group’s price objective points to a potential upside of 2.07% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the stock. Oppenheimer boosted their price target on shares of Costco Wholesale from $180.00 to $210.00 and gave the company an “outperform” rating in a research report on Monday. Tigress Financial reiterated a “buy” rating on shares of Costco Wholesale in a research report on Friday, January 5th. Vetr upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price target on the stock in a research report on Thursday, January 4th. Barclays reiterated a “buy” rating and set a $208.00 price target on shares of Costco Wholesale in a research report on Tuesday, December 19th. Finally, BMO Capital Markets upgraded shares of Costco Wholesale from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $192.73 to $215.00 in a research report on Monday, December 18th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $188.90.

Costco Wholesale (NASDAQ:COST) opened at $191.05 on Friday. Costco Wholesale has a 52-week low of $150.00 and a 52-week high of $195.35. The stock has a market cap of $83,170.00, a PE ratio of 30.37, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.01. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The firm had revenue of $31.81 billion for the quarter, compared to analysts’ expectations of $31.01 billion. During the same quarter in the previous year, the company earned $1.24 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. equities research analysts expect that Costco Wholesale will post 6.59 EPS for the current fiscal year.

In other news, Director Richard M. Libenson sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $193.03, for a total value of $3,860,600.00. Following the transaction, the director now owns 3,919 shares in the company, valued at $756,484.57. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Richard A. Galanti sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $160.58, for a total transaction of $802,900.00. Following the completion of the transaction, 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 have sold 82,027 shares of company stock worth $14,914,835 in the last three months. 0.58% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of COST. Almanack Investment Partners LLC. bought a new position in shares of Costco Wholesale in the second quarter worth approximately $101,000. Wealthcare Advisory Partners LLC bought a new position in shares of Costco Wholesale in the third quarter worth approximately $102,000. Jacobus Wealth Management Inc. bought a new position in shares of Costco Wholesale in the third quarter worth approximately $103,000. Northwest Investment Counselors LLC bought a new position in shares of Costco Wholesale in the second quarter worth approximately $107,000. Finally, Shamrock Asset Management LLC lifted its stake in shares of Costco Wholesale by 171.3% in the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after buying an additional 418 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.

Analyst Recommendations for Costco Wholesale (NASDAQ:COST)

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