StockNews.com Upgrades Costco Wholesale (NASDAQ:COST) to “Buy”

Costco Wholesale (NASDAQ:COSTGet Rating) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Monday.

Several other equities analysts have also commented on the stock. Cowen lowered their price target on shares of Costco Wholesale from $650.00 to $600.00 and set an “outperform” rating for the company in a research report on Monday. Wells Fargo & Company lowered their price target on shares of Costco Wholesale from $490.00 to $450.00 in a research report on Friday, December 9th. Citigroup decreased their target price on shares of Costco Wholesale from $545.00 to $530.00 in a research report on Friday, December 9th. Oppenheimer reiterated an “outperform” rating and issued a $550.00 target price on shares of Costco Wholesale in a research report on Monday, December 5th. Finally, Telsey Advisory Group decreased their target price on shares of Costco Wholesale from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, December 9th. Three research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $553.78.

Costco Wholesale Stock Down 0.1 %

Costco Wholesale stock opened at $492.11 on Monday. The company has a 50-day simple moving average of $486.20 and a 200-day simple moving average of $501.59. The firm has a market capitalization of $218.36 billion, a P/E ratio of 37.20, a P/E/G ratio of 3.52 and a beta of 0.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.47 and a current ratio of 1.03. Costco Wholesale has a one year low of $406.51 and a one year high of $612.27.

Costco Wholesale (NASDAQ:COSTGet Rating) last released its quarterly earnings results on Thursday, December 8th. The retailer reported $3.10 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.04). The firm had revenue of $54.44 billion for the quarter, compared to the consensus estimate of $54.67 billion. Costco Wholesale had a return on equity of 28.83% and a net margin of 2.55%. As a group, equities analysts expect that Costco Wholesale will post 14.28 earnings per share for the current year.

Insider Activity

In other Costco Wholesale news, EVP Russell D. Miller sold 1,000 shares of the company’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $483.58, for a total transaction of $483,580.00. Following the completion of the sale, the executive vice president now directly owns 11,593 shares of the company’s stock, valued at $5,606,142.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Costco Wholesale news, EVP Russell D. Miller sold 1,000 shares of the company’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $483.58, for a total transaction of $483,580.00. Following the completion of the sale, the executive vice president now directly owns 11,593 shares of the company’s stock, valued at $5,606,142.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Susan L. Decker sold 952 shares of the company’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $483.00, for a total transaction of $459,816.00. Following the sale, the director now directly owns 18,920 shares of the company’s stock, valued at $9,138,360. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.

Institutional Trading of Costco Wholesale

A number of hedge funds have recently bought and sold shares of COST. Horst & Graben Wealth Management LLC lifted its position in shares of Costco Wholesale by 1.1% in the second quarter. Horst & Graben Wealth Management LLC now owns 1,753 shares of the retailer’s stock worth $840,000 after purchasing an additional 19 shares in the last quarter. CNB Bank lifted its position in shares of Costco Wholesale by 1.0% in the second quarter. CNB Bank now owns 1,928 shares of the retailer’s stock worth $924,000 after purchasing an additional 19 shares in the last quarter. Equitable Trust Co. lifted its position in shares of Costco Wholesale by 4.2% in the second quarter. Equitable Trust Co. now owns 491 shares of the retailer’s stock worth $235,000 after purchasing an additional 20 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its position in shares of Costco Wholesale by 0.6% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,504 shares of the retailer’s stock worth $1,679,000 after purchasing an additional 20 shares in the last quarter. Finally, Benchmark Financial Wealth Advisors LLC lifted its position in shares of Costco Wholesale by 2.2% in the second quarter. Benchmark Financial Wealth Advisors LLC now owns 932 shares of the retailer’s stock worth $447,000 after purchasing an additional 20 shares in the last quarter. 66.03% of the stock is owned by hedge funds and other institutional investors.

About Costco Wholesale

(Get Rating)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

See Also

Analyst Recommendations for Costco Wholesale (NASDAQ:COST)

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