Shares of Costco Wholesale Co. (NASDAQ:COST) have earned a consensus rating of “Buy” from the twenty-seven analysts that are covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $245.58.
COST has been the topic of several research analyst reports. Oppenheimer decreased their target price on shares of Costco Wholesale from $262.00 to $240.00 in a research report on Friday, December 14th. BMO Capital Markets set a $258.00 target price on shares of Costco Wholesale and gave the stock a “buy” rating in a research report on Friday, December 14th. Bank of America reissued a “buy” rating and issued a $255.00 target price on shares of Costco Wholesale in a research report on Friday, December 14th. Loop Capital decreased their target price on shares of Costco Wholesale to $260.00 and set a “buy” rating on the stock in a research report on Friday, December 14th. Finally, Argus reissued a “buy” rating and issued a $245.00 target price (down from $255.00) on shares of Costco Wholesale in a research report on Monday, December 24th. They noted that the move was a valuation call.
COST opened at $242.14 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.46 and a current ratio of 0.96. Costco Wholesale has a 1 year low of $180.94 and a 1 year high of $245.16. The company has a market capitalization of $106.11 billion, a P/E ratio of 35.45, a P/E/G ratio of 3.43 and a beta of 0.94.
In other news, Director Susan L. Decker sold 739 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $205.00, for a total transaction of $151,495.00. Following the sale, the director now owns 52,249 shares in the company, valued at $10,711,045. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Richard A. Galanti sold 4,188 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $230.47, for a total transaction of $965,208.36. Following the sale, the vice president now owns 30,082 shares in the company, valued at approximately $6,932,998.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,937 shares of company stock worth $2,488,179. 0.21% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of COST. Lenox Wealth Management Inc. increased its stake in shares of Costco Wholesale by 125.9% in the fourth quarter. Lenox Wealth Management Inc. now owns 122 shares of the retailer’s stock worth $25,000 after buying an additional 68 shares during the last quarter. Csenge Advisory Group bought a new stake in shares of Costco Wholesale in the third quarter worth $29,000. ERTS Wealth Advisors LLC bought a new stake in shares of Costco Wholesale in the fourth quarter worth $30,000. Arbor Wealth Management LLC bought a new stake in shares of Costco Wholesale in the fourth quarter worth $33,000. Finally, PRW Wealth Management LLC bought a new stake in shares of Costco Wholesale in the fourth quarter worth $36,000. Institutional investors own 72.19% of the company’s stock.
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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