Research Analysts’ Weekly Ratings Changes for Costco Wholesale (COST)

Share on StockTwits

Several brokerages have updated their recommendations and price targets on shares of Costco Wholesale (NASDAQ: COST) in the last few weeks:

  • 1/25/2019 – Costco Wholesale was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 1/24/2019 – Costco Wholesale had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group.
  • 1/16/2019 – Costco Wholesale was downgraded by analysts at TheStreet from an “a” rating to a “c” rating.
  • 1/11/2019 – Costco Wholesale had its “hold” rating reaffirmed by analysts at Wells Fargo & Co.
  • 1/9/2019 – Costco Wholesale had its “hold” rating reaffirmed by analysts at Barclays PLC. They now have a $225.00 price target on the stock.
  • 12/24/2018 – Costco Wholesale had its “buy” rating reaffirmed by analysts at Argus. They now have a $245.00 price target on the stock, down previously from $255.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 12/14/2018 – Costco Wholesale had its price target lowered by analysts at Royal Bank of Canada to $247.00. They now have an “outperform” rating on the stock.
  • 12/14/2018 – Costco Wholesale had its price target lowered by analysts at Wells Fargo & Co from $235.00 to $220.00. They now have a “market perform” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 12/14/2018 – Costco Wholesale was given a new $258.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 12/14/2018 – Costco Wholesale had its “buy” rating reaffirmed by analysts at Bank of America Corp. They now have a $255.00 price target on the stock.
  • 12/14/2018 – Costco Wholesale had its price target lowered by analysts at Loop Capital to $260.00. They now have a “buy” rating on the stock.
  • 12/14/2018 – Costco Wholesale had its price target lowered by analysts at Oppenheimer Holdings Inc. from $262.00 to $240.00.
  • 12/11/2018 – Costco Wholesale was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Costco continues to be one of the dominant retail wholesalers based on the breadth and quality of merchandise offered. The stock, which has outpaced the industry in the past six months, has been gaining from sturdy comps performance and upbeat results. Estimates have been improving ahead of the company’s first-quarter fiscal 2019 results. Certainly, Costco seems somewhat unfazed by tough retail scenario. We believe growth strategies, increase in membership fees and sturdy e-commerce sales bode well. Meanwhile, comps for the month of November rose 9.2%, while e-commerce sales advanced 46.1%. Undoubtedly, the robust performance indicates that the company’s growth efforts have been fueling traffic across both the online and brick-and-mortar platforms. However, analysts pointed that any incremental investments or aggressive pricing strategy may hurt margins. Moreover, rising SG&A expenses and stiff competition also pose concerns.”
  • 12/9/2018 – Costco Wholesale had its price target lowered by analysts at Citigroup Inc from $257.00 to $238.00. They now have a “neutral” rating on the stock.
  • 12/5/2018 – Costco Wholesale was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $260.00 price target on the stock. According to Zacks, “Costco continues to be one of the dominant retail wholesalers based on the breadth and quality of merchandise offered. The stock, which has outpaced the industry in the past six months, has been gaining from sturdy comps performance and upbeat results. Estimates have been improving ahead of the company’s first-quarter fiscal 2019 results. Certainly, Costco seems somewhat unfazed by tough retail scenario. We believe growth strategies, increase in membership fees and sturdy e-commerce sales bode well. Meanwhile, comps for the month of October rose 8.6%, while e-commerce sales advanced 20%. Undoubtedly, the robust performance indicates that the company’s growth efforts have been fueling traffic across both the online and brick-and-mortar platforms. However, analysts pointed that any incremental investments or aggressive pricing strategy may hurt margins. Moreover, rising SG&A expenses and stiff competition also pose concerns.”
  • 12/3/2018 – Costco Wholesale was downgraded by analysts at Citigroup Inc from a “buy” rating to a “neutral” rating. They now have a $238.00 price target on the stock, down previously from $257.00.

Shares of NASDAQ COST traded down $0.66 during midday trading on Monday, hitting $208.41. 14,247 shares of the stock traded hands, compared to its average volume of 1,911,962. The stock has a market capitalization of $92.09 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 2.74 and a beta of 0.99. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.48. Costco Wholesale Co. has a one year low of $175.79 and a one year high of $245.16.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, December 13th. The retailer reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.01). The firm had revenue of $34.31 billion for the quarter, compared to the consensus estimate of $34.66 billion. Costco Wholesale had a net margin of 2.25% and a return on equity of 24.54%. Costco Wholesale’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.45 earnings per share. Equities research analysts anticipate that Costco Wholesale Co. will post 7.64 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Friday, February 8th will be issued a $0.57 dividend. The ex-dividend date is Thursday, February 7th. This represents a $2.28 dividend on an annualized basis and a yield of 1.09%. Costco Wholesale’s dividend payout ratio is currently 33.38%.

In related news, Director Susan L. Decker sold 739 shares of the firm’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $205.00, for a total value of $151,495.00. Following the transaction, the director now directly owns 52,249 shares of the company’s stock, valued at approximately $10,711,045. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Richard A. Galanti sold 4,163 shares of the firm’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $227.23, for a total value of $945,958.49. Following the completion of the transaction, the vice president now directly owns 32,270 shares in the company, valued at $7,332,712.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,013 shares of company stock worth $6,458,761. 0.21% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the stock. Lenox Wealth Management Inc. raised its holdings in Costco Wholesale by 125.9% during the fourth quarter. Lenox Wealth Management Inc. now owns 122 shares of the retailer’s stock valued at $25,000 after acquiring an additional 68 shares during the period. Csenge Advisory Group bought a new stake in Costco Wholesale during the third quarter valued at about $29,000. Mackey Komara & Dankovich LLC bought a new stake in Costco Wholesale during the fourth quarter valued at about $41,000. Legacy Financial Advisors Inc. raised its holdings in Costco Wholesale by 87.8% during the fourth quarter. Legacy Financial Advisors Inc. now owns 368 shares of the retailer’s stock valued at $75,000 after acquiring an additional 172 shares during the period. Finally, Parkside Investments LLC bought a new stake in Costco Wholesale during the third quarter valued at about $105,000. 70.60% of the stock is currently owned by institutional investors.

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.

See Also: Treasury Bonds

Receive News & Ratings for Costco Wholesale Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale Co and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply