Costco Wholesale (NASDAQ:COST)‘s stock had its “outperform” rating reissued by equities research analysts at Royal Bank of Canada in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have a $205.00 target price on the retailer’s stock, down from their prior target price of $209.00. Royal Bank of Canada’s target price would suggest a potential upside of 8.71% from the company’s current price.
Several other research firms have also commented on COST. Tigress Financial reiterated a “buy” rating on shares of Costco Wholesale in a research report on Friday, January 5th. Vetr upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price target on the stock in a research report on Monday, February 5th. Moffett Nathanson initiated coverage on shares of Costco Wholesale in a research report on Monday, December 4th. They issued a “buy” rating on the stock. < Oppenheimer increased their price target on shares of Costco Wholesale from $180.00 to $210.00 and gave the company an "outperform" rating in a research report on Monday, January 8th. Finally, Guggenheim reiterated a "hold" rating on shares of Costco Wholesale in a research report on Wednesday, November 22nd. Nine research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The stock presently has an average rating of "Buy" and an average target price of $190.76.
Costco Wholesale (NASDAQ:COST) opened at $188.58 on Thursday. Costco Wholesale has a 1-year low of $150.00 and a 1-year high of $199.88. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.43. The stock has a market cap of $84,050.00, a PE ratio of 28.83, a price-to-earnings-growth ratio of 3.03 and a beta of 0.97.
In other Costco Wholesale news, VP Timothy L. Rose sold 5,000 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $193.20, for a total transaction of $966,000.00. Following the transaction, the vice president now owns 52,529 shares of the company’s stock, valued at $10,148,602.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Timothy L. Rose sold 17,000 shares of the stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $185.33, for a total transaction of $3,150,610.00. Following the transaction, the vice president now directly owns 34,903 shares in the company, valued at approximately $6,468,572.99. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,185 shares of company stock worth $20,583,577. 0.74% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the business. Almanack Investment Partners LLC. purchased a new position in shares of Costco Wholesale in the 2nd quarter valued at $101,000. Wealthcare Advisory Partners LLC purchased a new position in shares of Costco Wholesale in the 3rd quarter valued at $102,000. Jacobus Wealth Management Inc. purchased a new position in shares of Costco Wholesale in the 3rd quarter valued at $103,000. Assetmark Inc. raised its stake in shares of Costco Wholesale by 137.0% in the 4th quarter. Assetmark Inc. now owns 564 shares of the retailer’s stock valued at $105,000 after acquiring an additional 326 shares during the period. Finally, Shamrock Asset Management LLC raised its stake in shares of Costco Wholesale by 171.3% in the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock valued at $109,000 after acquiring an additional 418 shares during the period. 71.88% of the stock is currently owned by institutional investors.
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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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