A number of other analysts have also recently commented on the company. Robert W. Baird set a $200.00 price target on Costco Wholesale Corporation and gave the stock a buy rating in a research report on Wednesday. Vetr cut Costco Wholesale Corporation from a strong-buy rating to a buy rating and set a $183.04 price target for the company. in a research report on Wednesday, September 27th. Zacks Investment Research raised Costco Wholesale Corporation from a hold rating to a buy rating and set a $180.00 price target for the company in a research report on Tuesday, September 19th. Deutsche Bank AG reaffirmed a hold rating and set a $172.00 price target on shares of Costco Wholesale Corporation in a research report on Tuesday, September 5th. Finally, Oppenheimer Holdings, Inc. reaffirmed a buy rating and set a $185.00 price target on shares of Costco Wholesale Corporation in a research report on Thursday, August 31st. Twelve research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Costco Wholesale Corporation presently has an average rating of Buy and an average price target of $178.39.
Shares of Costco Wholesale Corporation (COST) traded down 5.97% on Thursday, hitting $157.09. The stock had a trading volume of 18,001,179 shares. The company’s 50 day moving average price is $159.96 and its 200-day moving average price is $164.83. Costco Wholesale Corporation has a 12 month low of $142.11 and a 12 month high of $183.18. The company has a market cap of $68.68 billion, a P/E ratio of 25.84 and a beta of 0.94. Costco Wholesale Corporation also was the recipient of unusually large options trading on Thursday. Investors acquired 21,435 call options on the stock. This represents an increase of 266% compared to the average volume of 5,855 call options.
Costco Wholesale Corporation (NASDAQ:COST) last announced its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.06. Costco Wholesale Corporation had a return on equity of 20.45% and a net margin of 2.06%. The firm had revenue of $42.30 billion for the quarter, compared to the consensus estimate of $41.55 billion. During the same period in the previous year, the business earned $1.77 EPS. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. On average, analysts expect that Costco Wholesale Corporation will post $6.43 earnings per share for the current year.
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In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $157.59, for a total transaction of $157,590.00. Following the completion of the sale, the director now directly owns 6,974 shares in the company, valued at approximately $1,099,032.66. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders have sold 3,000 shares of company stock valued at $481,760. 0.74% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the business. Westside Investment Management Inc. increased its stake in Costco Wholesale Corporation by 0.3% during the 2nd quarter. Westside Investment Management Inc. now owns 1,114 shares of the retailer’s stock worth $168,000 after buying an additional 3 shares in the last quarter. Brightworth increased its stake in Costco Wholesale Corporation by 0.3% during the 2nd quarter. Brightworth now owns 1,334 shares of the retailer’s stock worth $213,000 after buying an additional 4 shares in the last quarter. Pioneer Trust Bank N A OR increased its stake in Costco Wholesale Corporation by 0.4% during the 2nd quarter. Pioneer Trust Bank N A OR now owns 1,659 shares of the retailer’s stock worth $266,000 after buying an additional 7 shares in the last quarter. SVA Plumb Wealth Management LLC increased its stake in Costco Wholesale Corporation by 0.3% during the 2nd quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer’s stock worth $404,000 after buying an additional 7 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in Costco Wholesale Corporation by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 1,390 shares of the retailer’s stock worth $223,000 after buying an additional 7 shares in the last quarter. Institutional investors own 72.35% of the company’s stock.
Costco Wholesale Corporation 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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