Costco Wholesale Co. (NASDAQ:COST) has been assigned an average rating of “Buy” from the thirty brokerages that are covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $205.77.
A number of equities research analysts have recently commented on COST shares. BidaskClub upgraded Costco Wholesale from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 28th. Royal Bank of Canada lifted their target price on Costco Wholesale to $213.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 29th. Wells Fargo & Co upgraded Costco Wholesale from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $191.42 to $188.91 in a research note on Monday, April 16th. Loop Capital set a $220.00 target price on Costco Wholesale and gave the stock a “buy” rating in a research note on Friday, June 1st. Finally, Citigroup lifted their target price on Costco Wholesale from $217.00 to $222.00 and gave the stock a “buy” rating in a research note on Friday, June 1st.
In other Costco Wholesale news, VP Timothy L. Rose sold 2,500 shares of Costco Wholesale stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $205.19, for a total transaction of $512,975.00. Following the completion of the transaction, the vice president now owns 20,403 shares of the company’s stock, valued at approximately $4,186,491.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Richard A. Galanti sold 2,406 shares of Costco Wholesale stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $207.11, for a total value of $498,306.66. Following the transaction, the vice president now directly owns 25,474 shares of the company’s stock, valued at approximately $5,275,920.14. The disclosure for this sale can be found here. Insiders have sold a total of 38,884 shares of company stock valued at $7,741,396 in the last ninety days. Insiders own 0.74% of the company’s stock.
A number of hedge funds have recently bought and sold shares of COST. Heritage Wealth Advisors purchased a new position in Costco Wholesale during the 4th quarter valued at about $235,000. CI Investments Inc. purchased a new position in shares of Costco Wholesale during the fourth quarter worth about $8,820,000. CIBC Asset Management Inc grew its holdings in shares of Costco Wholesale by 1.3% during the fourth quarter. CIBC Asset Management Inc now owns 59,245 shares of the retailer’s stock worth $11,027,000 after purchasing an additional 783 shares in the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of Costco Wholesale by 9.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 785,202 shares of the retailer’s stock worth $146,142,000 after purchasing an additional 66,342 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Costco Wholesale during the fourth quarter worth about $306,000. 71.36% of the stock is owned by institutional investors and hedge funds.
Costco Wholesale traded down $0.57, hitting $209.46, during trading hours on Monday, Marketbeat.com reports. 32,473 shares of the company traded hands, compared to its average volume of 2,292,330. The stock has a market cap of $92.13 billion, a PE ratio of 36.07, a price-to-earnings-growth ratio of 2.79 and a beta of 0.95. Costco Wholesale has a one year low of $150.00 and a one year high of $212.46. The company has a current ratio of 1.01, a quick ratio of 0.47 and a debt-to-equity ratio of 0.52.
Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, May 31st. The retailer reported $1.70 EPS for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.02. The company had revenue of $32.36 billion for the quarter, compared to analysts’ expectations of $31.89 billion. Costco Wholesale had a return on equity of 24.67% and a net margin of 2.16%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.40 EPS. sell-side analysts forecast that Costco Wholesale will post 6.76 earnings per share for the current fiscal year.
About Costco Wholesale
Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.
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