Costco Wholesale Corporation (COST) Receives Consensus Rating of “Buy” from Analysts

Shares of Costco Wholesale Corporation (NASDAQ:COST) have received an average rating of “Buy” from the thirty-one brokerages that are covering the stock, Marketbeat Ratings reports. Eleven analysts have rated the stock with a hold recommendation, eighteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $180.77.

Several research analysts have recently issued reports on the company. TheStreet raised Costco Wholesale Corporation from a “c” rating to a “b” rating in a research note on Monday, October 9th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Costco Wholesale Corporation in a research note on Tuesday, October 10th. Vetr raised Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $183.04 price objective for the company in a research note on Monday, October 9th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $173.00 price objective on shares of Costco Wholesale Corporation in a research note on Monday, October 9th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $192.00 price objective on shares of Costco Wholesale Corporation in a research note on Monday, October 9th.

Costco Wholesale Corporation (COST) traded down 0.28% during midday trading on Wednesday, reaching $157.94. 1,433,603 shares of the company’s stock traded hands. The company has a market cap of $69.05 billion, a P/E ratio of 25.98 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. The stock has a 50-day moving average of $160.27 and a 200 day moving average of $164.46.

Costco Wholesale Corporation (NASDAQ:COST) last released its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.06. Costco Wholesale Corporation had a return on equity of 22.21% and a net margin of 2.08%. The company had revenue of $42.30 billion during the quarter, compared to the consensus estimate of $41.55 billion. During the same quarter in the prior year, the firm posted $1.77 earnings per share. The firm’s revenue was up 15.7% compared to the same quarter last year. On average, analysts anticipate that Costco Wholesale Corporation will post $6.43 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Costco Wholesale Corporation (COST) Receives Consensus Rating of “Buy” from Analysts” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/18/costco-wholesale-corporation-cost-receives-consensus-rating-of-buy-from-analysts.html.

In related news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction dated Friday, September 1st. The stock was 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 owns 6,974 shares of the company’s stock, valued at approximately $1,099,032.66. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders sold 3,000 shares of company stock valued at $481,760. 0.74% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Delta Asset Management LLC TN increased its holdings in Costco Wholesale Corporation by 11.6% in the 2nd quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock worth $100,000 after acquiring an additional 65 shares during the last quarter. Almanack Investment Partners LLC. purchased a new stake in Costco Wholesale Corporation in the 2nd quarter worth about $101,000. Northwest Investment Counselors LLC purchased a new stake in Costco Wholesale Corporation in the 2nd quarter worth about $107,000. Mercer Capital Advisers Inc. increased its holdings in Costco Wholesale Corporation by 3.5% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after acquiring 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 1st quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,00

Several research analysts have recently issued reports on the company. TheStreet raised Costco Wholesale Corporation from a “c” rating to a “b” rating in a research note on Monday, October 9th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Costco Wholesale Corporation in a research note on Tuesday, October 10th. Vetr raised Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $183.04 price objective for the company in a research note on Monday, October 9th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $173.00 price objective on shares of Costco Wholesale Corporation in a research note on Monday, October 9th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $192.00 price objective on shares of Costco Wholesale Corporation in a research note on Monday, October 9th.

Costco Wholesale Corporation (COST) traded down 0.28% during midday trading on Wednesday, reaching $157.94. 1,433,603 shares of the company’s stock traded hands. The company has a market cap of $69.05 billion, a P/E ratio of 25.98 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. The stock has a 50-day moving average of $160.27 and a 200 day moving average of $164.46.

Costco Wholesale Corporation (NASDAQ:COST) last released its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.06. Costco Wholesale Corporation had a return on equity of 22.21% and a net margin of 2.08%. The company had revenue of $42.30 billion during the quarter, compared to the consensus estimate of $41.55 billion. During the same quarter in the prior year, the firm posted $1.77 earnings per share. The firm’s revenue was up 15.7% compared to the same quarter last year. On average, analysts anticipate that Costco Wholesale Corporation will post $6.43 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Costco Wholesale Corporation (COST) Receives Consensus Rating of “Buy” from Analysts” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/18/costco-wholesale-corporation-cost-receives-consensus-rating-of-buy-from-analysts.html.

In related news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction dated Friday, September 1st. The stock was 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 owns 6,974 shares of the company’s stock, valued at approximately $1,099,032.66. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders sold 3,000 shares of company stock valued at $481,760. 0.74% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Delta Asset Management LLC TN increased its holdings in Costco Wholesale Corporation by 11.6% in the 2nd quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock worth $100,000 after acquiring an additional 65 shares during the last quarter. Almanack Investment Partners LLC. purchased a new stake in Costco Wholesale Corporation in the 2nd quarter worth about $101,000. Northwest Investment Counselors LLC purchased a new stake in Costco Wholesale Corporation in the 2nd quarter worth about $107,000. Mercer Capital Advisers Inc. increased its holdings in Costco Wholesale Corporation by 3.5% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after acquiring 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 1st quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after acquiring an additional 100 shares during the last quarter. 72.49% of the stock is owned by institutional investors.

Costco Wholesale Corporation 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.

Analyst Recommendations for Costco Wholesale Corporation (NASDAQ:COST)

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