Costco Wholesale Corp. (COST) Given a $175.00 Price Target by Robert W. Baird Analysts
Costco Wholesale Corp. (NASDAQ:COST) has been assigned a $175.00 target price by research analysts at Robert W. Baird in a note issued to investors on Monday. The firm presently has a “buy” rating on the retailer’s stock. Robert W. Baird’s price objective points to a potential upside of 15.55% from the company’s previous close.
Several other equities analysts have also recently issued reports on COST. Nomura set a $185.00 price target on shares of Costco Wholesale Corp. and gave the company a “buy” rating in a research report on Saturday, October 1st. Cowen and Company set a $170.00 price target on shares of Costco Wholesale Corp. and gave the company a “buy” rating in a research report on Sunday, October 2nd. BMO Capital Markets set a $180.00 price target on shares of Costco Wholesale Corp. and gave the company a “buy” rating in a research report on Thursday, October 20th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $171.00 price target on shares of Costco Wholesale Corp. in a research report on Friday, November 4th. Finally, Royal Bank Of Canada boosted their price target on shares of Costco Wholesale Corp. from $177.00 to $178.00 and gave the company an “outperform” rating in a research report on Friday, September 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $172.11.
Costco Wholesale Corp. (NASDAQ:COST) opened at 151.48 on Monday. The company has a market cap of $66.22 billion, a PE ratio of 28.42 and a beta of 0.85. The firm’s 50 day moving average is $149.38 and its 200 day moving average is $155.57. Costco Wholesale Corp. has a 52-week low of $138.57 and a 52-week high of $169.73.
Costco Wholesale Corp. (NASDAQ:COST) last announced its quarterly earnings results on Thursday, September 29th. The retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.04. Costco Wholesale Corp. had a net margin of 1.98% and a return on equity of 20.26%. The company had revenue of $35.73 billion for the quarter. During the same quarter in the prior year, the firm earned $1.73 EPS. Costco Wholesale Corp.’s quarterly revenue was up 2.2% compared to the same quarter last year. Analysts forecast that Costco Wholesale Corp. will post $5.93 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, November 4th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, November 2nd. This represents a $1.80 annualized dividend and a yield of 1.19%. Costco Wholesale Corp.’s dividend payout ratio (DPR) is currently 33.71%.
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In other Costco Wholesale Corp. news, VP Richard A. Galanti sold 1,930 shares of the stock in a transaction on Monday, November 7th. The shares were sold at an average price of $143.53, for a total transaction of $277,012.90. Following the completion of the transaction, the vice president now owns 36,650 shares in the company, valued at $5,260,374.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Timothy L. Rose sold 4,000 shares of the stock in a transaction on Wednesday, October 12th. The shares were sold at an average price of $151.12, for a total transaction of $604,480.00. Following the transaction, the vice president now owns 51,045 shares of the company’s stock, valued at approximately $7,713,920.40. The disclosure for this sale can be found here. Company insiders own 0.78% of the company’s stock.
Several large investors have recently added to or reduced their stakes in COST. FCM Investments TX purchased a new stake in Costco Wholesale Corp. during the second quarter valued at about $133,000. Global X Management Co. LLC raised its stake in Costco Wholesale Corp. by 276.6% in the second quarter. Global X Management Co. LLC now owns 983 shares of the retailer’s stock valued at $154,000 after buying an additional 722 shares during the period. PineBridge Investments L.P. raised its stake in Costco Wholesale Corp. by 11.5% in the second quarter. PineBridge Investments L.P. now owns 1,078 shares of the retailer’s stock valued at $169,000 after buying an additional 111 shares during the period. Signaturefd LLC raised its stake in Costco Wholesale Corp. by 81.4% in the second quarter. Signaturefd LLC now owns 1,094 shares of the retailer’s stock valued at $172,000 after buying an additional 491 shares during the period. Finally, Peddock Capital Advisors LLC purchased a new stake in Costco Wholesale Corp. during the third quarter valued at about $181,000. Hedge funds and other institutional investors own 71.95% of the company’s stock.
Costco Wholesale Corp. Company Profile
Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico, Canada, United Kingdom (U.K.), Mexico, Japan, Australia, Spain, and through majority-owned subsidiaries in Taiwan and Korea. The Company operated 663 membership warehouses and an average warehouse is approximately 144,000 square feet.
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