Costco Wholesale Co. (COST) Receives Average Recommendation of “Buy” from Analysts

Costco Wholesale Co. (NASDAQ:COST) has been given an average recommendation of “Buy” by the twenty-three brokerages that are presently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $241.10.

A number of research firms recently commented on COST. Barclays reaffirmed a “hold” rating and issued a $225.00 price target on shares of Costco Wholesale in a report on Wednesday. Argus reaffirmed a “buy” rating and issued a $245.00 price target (down previously from $255.00) on shares of Costco Wholesale in a report on Monday, December 24th. They noted that the move was a valuation call. Royal Bank of Canada reduced their price objective on shares of Costco Wholesale to $247.00 and set an “outperform” rating for the company in a research note on Friday, December 14th. BMO Capital Markets set a $258.00 price objective on shares of Costco Wholesale and gave the company a “buy” rating in a research note on Friday, December 14th. Finally, Bank of America reiterated a “buy” rating and issued a $255.00 price objective on shares of Costco Wholesale in a research note on Friday, December 14th.

In related news, VP Roland Michael Vachris sold 6,600 shares of the business’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $225.88, for a total transaction of $1,490,808.00. Following the transaction, the vice president now owns 17,282 shares in the company, valued at $3,903,658.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard M. Libenson sold 2,049 shares of the business’s stock in a transaction dated Thursday, October 25th. The shares were sold at an average price of $224.00, for a total transaction of $458,976.00. Following the transaction, the director now owns 3,049 shares in the company, valued at approximately $682,976. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 60,662 shares of company stock valued at $13,624,025. Insiders own 0.21% of the company’s stock.



Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its position in Costco Wholesale by 55,048.5% in the third quarter. Bank of New York Mellon Corp now owns 5,504,928 shares of the retailer’s stock worth $1,292,998,000 after acquiring an additional 5,494,946 shares during the period. AQR Capital Management LLC raised its position in Costco Wholesale by 258.8% in the third quarter. AQR Capital Management LLC now owns 2,125,078 shares of the retailer’s stock worth $499,138,000 after acquiring an additional 1,532,770 shares during the period. FMR LLC raised its position in Costco Wholesale by 13.5% in the second quarter. FMR LLC now owns 10,570,895 shares of the retailer’s stock worth $2,209,107,000 after acquiring an additional 1,256,873 shares during the period. Capital World Investors raised its position in Costco Wholesale by 12.0% in the third quarter. Capital World Investors now owns 9,908,138 shares of the retailer’s stock worth $2,327,223,000 after acquiring an additional 1,064,167 shares during the period. Finally, BlackRock Inc. raised its position in Costco Wholesale by 3.4% in the third quarter. BlackRock Inc. now owns 28,041,444 shares of the retailer’s stock worth $6,586,376,000 after acquiring an additional 919,651 shares during the period. Institutional investors and hedge funds own 70.60% of the company’s stock.

NASDAQ:COST opened at $210.64 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.48 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $92.46 billion, a P/E ratio of 30.84, a P/E/G ratio of 2.75 and a beta of 0.99. Costco Wholesale has a 12 month low of $175.79 and a 12 month high of $245.16.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, December 13th. The retailer reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.01). The company had revenue of $34.31 billion during the quarter, compared to the consensus estimate of $34.66 billion. Costco Wholesale had a return on equity of 24.54% and a net margin of 2.25%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $1.45 EPS. As a group, sell-side analysts expect that Costco Wholesale will post 7.64 EPS for the current year.

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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Analyst Recommendations for Costco Wholesale (NASDAQ:COST)

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