Costco Wholesale (NASDAQ:COST)‘s stock had its “hold” rating reaffirmed by equities research analysts at Guggenheim in a report released on Monday, TipRanks reports.
Several other research firms have also commented on COST. Royal Bank of Canada increased their target price on shares of Costco Wholesale from $332.00 to $348.00 in a report on Friday, May 29th. Morgan Stanley increased their target price on shares of Costco Wholesale from $320.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Raymond James raised their price target on shares of Costco Wholesale from $315.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. Deutsche Bank raised their price target on shares of Costco Wholesale from $296.00 to $297.00 and gave the stock a “hold” rating in a report on Thursday, June 4th. Finally, Robert W. Baird reissued a “buy” rating and issued a $335.00 price target on shares of Costco Wholesale in a report on Thursday, April 9th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $321.87.
COST stock opened at $303.21 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 1.11. Costco Wholesale has a 52 week low of $261.67 and a 52 week high of $325.26. The firm’s fifty day moving average is $303.19 and its 200 day moving average is $302.66. The firm has a market cap of $130.94 billion, a P/E ratio of 36.27, a P/E/G ratio of 4.18 and a beta of 0.70.
Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, May 28th. The retailer reported $1.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.92 by ($0.03). Costco Wholesale had a net margin of 2.31% and a return on equity of 22.60%. The business had revenue of $36.45 billion for the quarter, compared to the consensus estimate of $36.66 billion. During the same period in the prior year, the business posted $1.89 EPS. Costco Wholesale’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, analysts forecast that Costco Wholesale will post 8.45 EPS for the current year.
In related news, VP Roland Michael Vachris sold 4,000 shares of Costco Wholesale stock in a transaction dated Friday, June 19th. The shares were sold at an average price of $300.95, for a total transaction of $1,203,800.00. Also, Director Susan L. Decker sold 1,000 shares of Costco Wholesale stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $314.83, for a total transaction of $314,830.00. Following the transaction, the director now directly owns 32,582 shares of the company’s stock, valued at $10,257,791.06. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,495 shares of company stock valued at $7,858,970. 0.22% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Supplemental Annuity Collective Trust of NJ lifted its position in Costco Wholesale by 90.0% during the 1st quarter. Supplemental Annuity Collective Trust of NJ now owns 4,750 shares of the retailer’s stock valued at $1,354,000 after acquiring an additional 2,250 shares during the period. Cunning Capital Partners LP purchased a new position in Costco Wholesale in the first quarter worth about $2,867,000. New England Research & Management Inc. purchased a new position in Costco Wholesale in the first quarter worth about $278,000. Pathstone Family Office LLC raised its holdings in Costco Wholesale by 8.2% in the first quarter. Pathstone Family Office LLC now owns 6,868 shares of the retailer’s stock worth $1,960,000 after buying an additional 523 shares during the last quarter. Finally, Hayden Royal LLC raised its holdings in Costco Wholesale by 14.8% in the first quarter. Hayden Royal LLC now owns 1,454 shares of the retailer’s stock worth $414,000 after buying an additional 187 shares during the last quarter. 68.87% of the stock is owned by institutional investors.
About Costco Wholesale
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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