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

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Costco Wholesale Co. (NASDAQ:COST) has received a consensus rating of “Buy” from the twenty-three analysts that are covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $241.10.

A number of equities analysts have weighed in on the stock. Wells Fargo & Co cut shares of Costco Wholesale from an “outperform” rating to a “market perform” rating and set a $235.00 price objective for the company. in a research report on Friday, September 14th. Barclays lowered shares of Costco Wholesale from an “overweight” rating to an “equal weight” rating and set a $240.00 target price for the company. in a report on Monday, September 17th. BidaskClub lowered shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 15th. Zacks Investment Research raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $265.00 target price for the company in a report on Wednesday, October 3rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Costco Wholesale from $227.00 to $255.00 and gave the stock an “overweight” rating in a report on Monday, September 17th.

COST opened at $210.64 on Friday. The company has a quick ratio of 0.48, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. Costco Wholesale has a 1 year low of $175.79 and a 1 year high of $245.16. The firm has a market capitalization of $92.46 billion, a P/E ratio of 30.84, a PEG ratio of 2.75 and a beta of 0.99.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, December 13th. The retailer reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.01). The firm had revenue of $34.31 billion during the quarter, compared to analyst estimates of $34.66 billion. Costco Wholesale had a net margin of 2.25% and a return on equity of 24.54%. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.45 earnings per share. As a group, equities research analysts forecast that Costco Wholesale will post 7.64 earnings per share for the current fiscal year.

In other Costco Wholesale news, Director Susan L. Decker sold 739 shares of the stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $205.00, for a total transaction of $151,495.00. Following the completion of the transaction, the director now owns 52,249 shares of the company’s stock, valued at $10,711,045. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard M. Libenson sold 2,049 shares of the stock in a transaction dated Thursday, October 25th. The stock was sold at an average price of $224.00, for a total transaction of $458,976.00. Following the transaction, the director now directly owns 3,049 shares of the company’s stock, valued at approximately $682,976. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,662 shares of company stock valued at $13,624,025. 0.21% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Costco Wholesale by 0.4% during the third quarter. Vanguard Group Inc. now owns 35,457,639 shares of the retailer’s stock worth $8,328,292,000 after purchasing an additional 158,722 shares in the last quarter. Vanguard Group Inc lifted its position in shares of Costco Wholesale by 0.4% during the third quarter. Vanguard Group Inc now owns 35,457,639 shares of the retailer’s stock worth $8,328,292,000 after purchasing an additional 158,722 shares in the last quarter. BlackRock Inc. lifted its position in shares of Costco Wholesale by 3.4% during the third quarter. BlackRock Inc. now owns 28,041,444 shares of the retailer’s stock worth $6,586,376,000 after purchasing an additional 919,651 shares in the last quarter. FMR LLC lifted its position in shares of Costco Wholesale by 0.5% during the third quarter. FMR LLC now owns 10,618,916 shares of the retailer’s stock worth $2,494,171,000 after purchasing an additional 48,021 shares in the last quarter. Finally, Capital World Investors lifted its position in shares of Costco Wholesale by 12.0% during the third quarter. Capital World Investors now owns 9,908,138 shares of the retailer’s stock worth $2,327,223,000 after purchasing an additional 1,064,167 shares in the last quarter. 70.60% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading: Quick Ratio

Analyst Recommendations for Costco Wholesale (NASDAQ:COST)

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