Costco Wholesale (NASDAQ:COST)‘s stock had its “hold” rating reaffirmed by equities research analysts at Barclays in a research report issued on Wednesday. They currently have a $225.00 price objective on the retailer’s stock. Barclays‘s target price indicates a potential upside of 6.82% from the stock’s previous close.
Several other brokerages also recently weighed in on COST. Bank of America set a $255.00 price target on Costco Wholesale and gave the stock a “buy” rating in a research report on Thursday, October 4th. Loop Capital set a $265.00 price target on Costco Wholesale and gave the stock a “buy” rating in a research report on Wednesday, October 10th. BidaskClub downgraded Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 15th. Northcoast Research raised Costco Wholesale from a “neutral” rating to a “buy” rating in a research report on Friday, October 12th. Finally, BMO Capital Markets set a $258.00 price target on Costco Wholesale and gave the stock a “buy” rating in a research report on Friday, December 14th. Seven analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Costco Wholesale has a consensus rating of “Buy” and a consensus price target of $239.46.
Shares of COST stock opened at $210.64 on Wednesday. The firm has a market capitalization of $92.46 billion, a P/E ratio of 30.84, a PEG ratio of 2.75 and a beta of 0.99. The company has a quick ratio of 0.48, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. Costco Wholesale has a 1 year low of $175.79 and a 1 year high of $245.16.
Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, December 13th. The retailer reported $1.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.01). The firm had revenue of $34.31 billion during the quarter, compared to analysts’ expectations of $34.66 billion. Costco Wholesale had a return on equity of 24.54% and a net margin of 2.25%. The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the business earned $1.45 EPS. Analysts forecast that Costco Wholesale will post 7.64 EPS for the current fiscal year.
In other news, Director Susan L. Decker sold 1,611 shares of the firm’s stock in a transaction dated Friday, January 4th. The stock was sold at an average price of $206.15, for a total transaction of $332,107.65. Following the sale, the director now directly owns 51,389 shares in the company, valued at approximately $10,593,842.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan L. Decker sold 739 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $205.00, for a total value of $151,495.00. Following the sale, the director now owns 52,249 shares in the company, valued at $10,711,045. The disclosure for this sale can be found here. Insiders have sold a total of 60,662 shares of company stock worth $13,624,025 over the last 90 days. Insiders own 0.21% of the company’s stock.
Several large investors have recently bought and sold shares of COST. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in Costco Wholesale by 9.0% in the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,224 shares of the retailer’s stock worth $453,000 after buying an additional 184 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Costco Wholesale by 3.1% in the 4th quarter. State of Alaska Department of Revenue now owns 70,033 shares of the retailer’s stock worth $14,264,000 after buying an additional 2,135 shares during the last quarter. Cerebellum GP LLC acquired a new stake in Costco Wholesale in the 4th quarter worth about $223,000. Vision Capital Management Inc. boosted its holdings in Costco Wholesale by 0.6% in the 4th quarter. Vision Capital Management Inc. now owns 18,630 shares of the retailer’s stock worth $3,795,000 after buying an additional 111 shares during the last quarter. Finally, Webster Bank N. A. boosted its holdings in Costco Wholesale by 0.9% in the 4th quarter. Webster Bank N. A. now owns 20,557 shares of the retailer’s stock worth $4,187,000 after buying an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 70.60% of the company’s stock.
Costco Wholesale Company Profile
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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