Stifel Nicolaus Reiterates Buy Rating for Costco Wholesale (COST)
Costco Wholesale (NASDAQ:COST)‘s stock had its “buy” rating reaffirmed by investment analysts at Stifel Nicolaus in a report issued on Friday. They presently have a $200.00 target price on the retailer’s stock, up from their previous target price of $185.00. Stifel Nicolaus’ price objective indicates a potential upside of 3.77% from the stock’s current price.
COST has been the topic of a number of other research reports. Robert W. Baird restated a “buy” rating and issued a $200.00 price target on shares of Costco Wholesale in a research report on Thursday, August 31st. Vetr downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $171.07 price target on the stock. in a research report on Monday, November 6th. J P Morgan Chase & Co restated a “buy” rating and issued a $200.00 price target on shares of Costco Wholesale in a research report on Monday, December 4th. Zacks Investment Research upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $180.00 price target on the stock in a research report on Tuesday, September 19th. Finally, Bank of America restated a “buy” rating and issued a $192.00 price target on shares of Costco Wholesale in a research report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seventeen have given a buy rating to the stock. Costco Wholesale has a consensus rating of “Buy” and an average target price of $184.20.
Costco Wholesale (NASDAQ:COST) opened at $192.73 on Friday. The stock has a market cap of $84,221.08, a P/E ratio of 32.07, a PEG ratio of 3.12 and a beta of 0.98. Costco Wholesale has a 1 year low of $150.00 and a 1 year high of $195.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.99 and a quick ratio of 0.43.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.01. The firm had revenue of $31.81 billion for the quarter, compared to the consensus estimate of $31.01 billion. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.41%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.24 EPS. equities research analysts forecast that Costco Wholesale will post 6.5 earnings per share for the current fiscal year.
In other news, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $183.26, for a total value of $549,780.00. Following the completion of the sale, the director now owns 8,654 shares in the company, valued at approximately $1,585,932.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Dennis R. Zook sold 5,000 shares of the company’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $161.92, for a total transaction of $809,600.00. Following the completion of the sale, the vice president now owns 626 shares of the company’s stock, valued at approximately $101,361.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,842 shares of company stock valued at $5,520,848. Company insiders own 0.74% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of COST. Wealthcare Advisory Partners LLC bought a new position in Costco Wholesale during the third quarter worth about $102,000. Jacobus Wealth Management Inc. bought a new position in Costco Wholesale during the third quarter worth about $103,000. Almanack Investment Partners LLC. bought a new position in Costco Wholesale during the second quarter worth about $101,000. Shamrock Asset Management LLC lifted its holdings in shares of Costco Wholesale by 171.3% in the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after buying an additional 418 shares in the last quarter. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Costco Wholesale in the second quarter worth about $107,000. Hedge funds and other institutional investors own 71.49% of the company’s stock.
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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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