Costco Wholesale’s (COST) “Buy” Rating Reiterated at Barclays

Costco Wholesale (NASDAQ:COST)‘s stock had its “buy” rating reissued by equities research analysts at Barclays in a research report issued on Tuesday, December 19th. They presently have a $208.00 price target on the retailer’s stock. Barclays’ price objective would suggest a potential upside of 8.42% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. TheStreet raised Costco Wholesale from a “c” rating to a “b” rating in a report on Monday, October 9th. Robert W. Baird reissued a “buy” rating and set a $200.00 price target on shares of Costco Wholesale in a report on Friday, August 25th. Oppenheimer reissued a “buy” rating on shares of Costco Wholesale in a report on Thursday, August 24th. Zacks Investment Research raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $176.00 target price on the stock in a report on Tuesday, September 12th. Finally, UBS Group reaffirmed a “buy” rating and issued a $190.00 target price on shares of Costco Wholesale in a report on Thursday, August 31st. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Costco Wholesale presently has a consensus rating of “Buy” and an average target price of $188.90.

Costco Wholesale (NASDAQ COST) opened at $191.84 on Tuesday. The stock has a market capitalization of $84,250.00, a price-to-earnings ratio of 30.50, a PEG ratio of 3.14 and a beta of 0.98. Costco Wholesale has a 52 week low of $150.00 and a 52 week high of $195.35. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.57.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.01. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The firm had revenue of $31.81 billion for the quarter, compared to the consensus estimate of $31.01 billion. During the same period last year, the business posted $1.24 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. research analysts predict that Costco Wholesale will post 6.61 earnings per share for the current year.

In related news, insider John D. Mckay sold 8,111 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $172.78, for a total transaction of $1,401,418.58. Following the completion of the transaction, the insider now owns 66,751 shares in the company, valued at approximately $11,533,237.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Richard A. Galanti sold 5,000 shares of the company’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $191.62, for a total transaction of $958,100.00. Following the transaction, the vice president now owns 32,880 shares of the company’s stock, valued at approximately $6,300,465.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,027 shares of company stock worth $15,872,935. Corporate insiders own 0.74% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Wealthcare Advisory Partners LLC acquired a new stake in Costco Wholesale in the 3rd quarter valued at about $102,000. Jacobus Wealth Management Inc. acquired a new stake in shares of Costco Wholesale during the 3rd quarter worth approximately $103,000. Almanack Investment Partners LLC. acquired a new stake in shares of Costco Wholesale during the 2nd quarter worth approximately $101,000. Shamrock Asset Management LLC increased its holdings in shares of Costco Wholesale by 171.3% during the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after buying an additional 418 shares during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Costco Wholesale during the 2nd quarter worth approximately $107,000. 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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