Costco Wholesale (NASDAQ:COST) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, February 20th. They presently have a $195.68 price target on the retailer’s stock. Vetr‘s target price suggests a potential upside of 5.98% from the company’s previous close.
Other equities research analysts have also issued reports about the stock. Moffett Nathanson started coverage on shares of Costco Wholesale in a report on Monday, December 4th. They issued a “buy” rating for the company. < JPMorgan Chase & Co. reissued a "buy" rating and issued a $200.00 target price on shares of Costco Wholesale in a report on Monday, December 4th. Oppenheimer reissued a "buy" rating on shares of Costco Wholesale in a report on Thursday, November 30th. Stifel Nicolaus raised their price target on Costco Wholesale from $179.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, November 30th. Finally, Cowen set a $214.00 price target on Costco Wholesale and gave the stock a "buy" rating in a research report on Friday, December 15th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The company presently has a consensus rating of "Buy" and a consensus price target of $190.76.
Shares of Costco Wholesale (COST) traded down $2.83 during trading on Tuesday, reaching $184.63. 2,865,892 shares of the company were exchanged, compared to its average volume of 2,550,000. The company has a current ratio of 1.00, a quick ratio of 0.44 and a debt-to-equity ratio of 0.54. The company has a market cap of $81,030.00, a PE ratio of 28.23, a price-to-earnings-growth ratio of 3.05 and a beta of 0.97. Costco Wholesale has a 52 week low of $150.00 and a 52 week high of $199.88.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Wednesday, March 7th. The retailer reported $1.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by ($0.03). Costco Wholesale had a return on equity of 24.74% and a net margin of 2.18%. The business had revenue of $33 billion during the quarter, compared to the consensus estimate of $32.73 billion. During the same quarter last year, the company earned $1.17 EPS. Costco Wholesale’s revenue for the quarter was up 10.8% on a year-over-year basis. research analysts anticipate that Costco Wholesale will post 6.81 earnings per share for the current fiscal year.
In related 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 transaction of $561,690.00. Following the completion of the sale, the director now directly owns 8,654 shares in the company, valued at $1,620,288.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Timothy L. Rose sold 17,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $185.33, for a total value of $3,150,610.00. Following the sale, the vice president now owns 34,903 shares of the company’s stock, valued at $6,468,572.99. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 119,859 shares of company stock valued at $22,789,730. Corporate insiders own 0.58% of the company’s stock.
A number of large investors have recently modified their holdings of COST. Westside Investment Management Inc. lifted its stake in shares of Costco Wholesale by 0.3% in the 2nd quarter. Westside Investment Management Inc. now owns 1,114 shares of the retailer’s stock valued at $168,000 after purchasing an additional 3 shares during the last quarter. SVA Plumb Wealth Management LLC lifted its stake in shares of Costco Wholesale by 0.3% in the 2nd quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer’s stock valued at $404,000 after purchasing an additional 7 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Costco Wholesale by 0.5% in the 2nd quarter. Cetera Investment Advisers now owns 1,390 shares of the retailer’s stock valued at $223,000 after purchasing an additional 7 shares during the last quarter. Ray Gerald L & Associates Ltd. lifted its stake in shares of Costco Wholesale by 1.6% in the 2nd quarter. Ray Gerald L & Associates Ltd. now owns 1,285 shares of the retailer’s stock valued at $206,000 after purchasing an additional 20 shares during the last quarter. Finally, Keel Point LLC lifted its stake in shares of Costco Wholesale by 1.6% in the 2nd quarter. Keel Point LLC now owns 1,722 shares of the retailer’s stock valued at $275,000 after purchasing an additional 27 shares during the last quarter. Institutional investors own 72.79% 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.
To view Vetr’s full report, visit Vetr’s official website.
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