Costco Wholesale (NASDAQ:COST) had its target price increased by investment analysts at Oppenheimer from $180.00 to $210.00 in a report released on Monday, January 8th. The firm currently has an “outperform” rating on the retailer’s stock. Oppenheimer’s price target suggests a potential upside of 9.95% from the company’s previous close. Oppenheimer also issued estimates for Costco Wholesale’s Q2 2018 earnings at $1.42 EPS, Q3 2018 earnings at $1.66 EPS, Q4 2018 earnings at $2.18 EPS and FY2019 earnings at $7.50 EPS.
A number of other equities analysts have also commented on the company. Tigress Financial reissued a “buy” rating on shares of Costco Wholesale in a research note on Friday, January 5th. Vetr raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price target for the company in a research note on Thursday, January 4th. Barclays reaffirmed a “buy” rating and issued a $208.00 price objective on shares of Costco Wholesale in a research note on Tuesday, December 19th. BMO Capital Markets raised Costco Wholesale from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $192.73 to $215.00 in a research note on Monday, December 18th. Finally, Susquehanna Bancshares raised their price objective on Costco Wholesale from $205.00 to $215.00 and gave the company a “positive” rating in a research note on Friday, December 15th. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Costco Wholesale currently has a consensus rating of “Buy” and a consensus price target of $189.20.
Shares of Costco Wholesale (NASDAQ:COST) opened at $190.99 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $82,800.00, a price-to-earnings ratio of 30.36, a P/E/G ratio of 3.16 and a beta of 0.99. Costco Wholesale has a 1 year low of $150.00 and a 1 year high of $199.88.
Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $31.01 billion. During the same quarter last year, the business posted $1.24 earnings per share. The firm’s revenue was up 13.2% on a year-over-year basis. equities analysts forecast that Costco Wholesale will post 6.71 EPS for the current year.
In other news, VP Paul G. Moulton sold 4,381 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $168.16, for a total value of $736,708.96. Following the completion of the sale, the vice president now owns 52,858 shares of the company’s stock, valued at approximately $8,888,601.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Timothy L. Rose sold 5,000 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $193.20, for a total value of $966,000.00. Following the completion of the sale, the vice president now directly owns 52,529 shares of the company’s stock, valued at approximately $10,148,602.80. The disclosure for this sale can be found here. Insiders sold a total of 106,677 shares of company stock worth $20,059,795 over the last quarter. Company insiders own 0.74% of the company’s stock.
Several institutional investors have recently bought and sold shares of COST. Vanguard Group Inc. lifted its position in Costco Wholesale by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock worth $5,380,168,000 after acquiring an additional 937,121 shares during the period. BlackRock Inc. lifted its position in Costco Wholesale by 2.9% during the 2nd quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock worth $3,983,097,000 after acquiring an additional 703,825 shares during the period. Capital World Investors lifted its position in Costco Wholesale by 6.0% during the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock worth $2,843,102,000 after acquiring an additional 1,007,720 shares during the period. Capital Research Global Investors lifted its position in Costco Wholesale by 2.3% during the 2nd quarter. Capital Research Global Investors now owns 9,281,245 shares of the retailer’s stock worth $1,484,350,000 after acquiring an additional 207,675 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Costco Wholesale by 14.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,805,874 shares of the retailer’s stock worth $1,118,138,000 after acquiring an additional 858,969 shares during the period. 71.01% of the stock is owned by hedge funds and other institutional investors.
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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.
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