Costco Wholesale (NASDAQ:COST) was downgraded by investment analysts at Vetr from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday. They currently have a $195.68 price target on the retailer’s stock. Vetr‘s price target would indicate a potential upside of 2.15% from the company’s previous close.
Other equities research analysts also recently issued reports about the company. Moffett Nathanson initiated coverage on Costco Wholesale in a research report on Monday, December 4th. They set a “buy” rating on the stock. < JPMorgan Chase & Co. reiterated a "buy" rating and issued a $200.00 price target on shares of Costco Wholesale in a report on Monday, December 4th. Oppenheimer reiterated a "buy" rating on shares of Costco Wholesale in a report on Thursday, November 30th. Stifel Nicolaus increased their price target on Costco Wholesale from $179.00 to $185.00 and gave the stock a "buy" rating in a 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 report on Friday, December 15th. Ten analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The company presently has a consensus rating of "Buy" and a consensus target price of $190.18.
Shares of Costco Wholesale (NASDAQ:COST) opened at $191.56 on Tuesday. Costco Wholesale has a 52-week low of $150.00 and a 52-week high of $199.88. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a market capitalization of $84,130.00, a P/E ratio of 30.45, a price-to-earnings-growth ratio of 3.13 and a beta of 0.99.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.01. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The business had revenue of $31.81 billion for the quarter, compared to the consensus estimate of $31.01 billion. During the same period in the prior year, the business posted $1.24 earnings per share. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. equities research analysts predict that Costco Wholesale will post 6.71 EPS for the current year.
In other Costco Wholesale news, Director John W. Meisenbach sold 3,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $183.26, for a total transaction of $549,780.00. Following the sale, the director now owns 8,654 shares of the company’s stock, valued at approximately $1,585,932.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard M. Libenson sold 20,000 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $193.03, for a total value of $3,860,600.00. Following the sale, the director now directly owns 3,919 shares in the company, valued at approximately $756,484.57. The disclosure for this sale can be found here. In the last three months, insiders sold 91,185 shares of company stock worth $17,408,817. 0.58% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. We Are One Seven LLC acquired a new stake in shares of Costco Wholesale in the 4th quarter worth $173,000. Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in shares of Costco Wholesale in the 4th quarter worth $130,000. HM Payson & Co. acquired a new stake in shares of Costco Wholesale in the 4th quarter worth $274,000. WealthPLAN Partners LLC boosted its position in shares of Costco Wholesale by 342.2% in the 4th quarter. WealthPLAN Partners LLC now owns 24,684 shares of the retailer’s stock worth $4,594,000 after purchasing an additional 19,102 shares in the last quarter. Finally, Slow Capital Inc. acquired a new stake in shares of Costco Wholesale in the 4th quarter worth $3,010,000. 70.87% of the stock is currently owned by institutional investors and hedge funds.
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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.
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