Costco Wholesale (NASDAQ:COST)‘s stock had its “positive” rating reissued by Susquehanna Bancshares in a report issued on Thursday.

Several other analysts also recently issued reports on the company. Robert W. Baird restated an “outperform” rating and set a $230.00 price objective (up previously from $215.00) on shares of Costco Wholesale in a report on Thursday. Loop Capital set a $220.00 price objective on Costco Wholesale and gave the stock a “buy” rating in a report on Friday, June 1st. JPMorgan Chase & Co. boosted their price objective on Costco Wholesale from $206.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday, June 1st. Citigroup boosted their price objective on Costco Wholesale from $217.00 to $222.00 and gave the stock a “buy” rating in a report on Friday, June 1st. Finally, Telsey Advisory Group boosted their price objective on Costco Wholesale from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, June 1st. Eight analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $197.52.

Costco Wholesale traded up $4.91, hitting $202.57, during midday trading on Thursday, Marketbeat.com reports. The company’s stock had a trading volume of 2,725,559 shares, compared to its average volume of 2,369,447. The company has a current ratio of 1.01, a quick ratio of 0.47 and a debt-to-equity ratio of 0.52. Costco Wholesale has a 12 month low of $150.00 and a 12 month high of $202.88. The stock has a market cap of $86.82 billion, a PE ratio of 34.81, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, May 31st. The retailer reported $1.70 EPS for the quarter, topping the consensus estimate of $1.68 by $0.02. Costco Wholesale had a net margin of 2.16% and a return on equity of 24.67%. The firm had revenue of $32.36 billion for the quarter, compared to analysts’ expectations of $31.89 billion. During the same period in the previous year, the business earned $1.40 earnings per share. Costco Wholesale’s revenue for the quarter was up 12.1% compared to the same quarter last year. equities analysts predict that Costco Wholesale will post 6.76 EPS for the current fiscal year.

In related news, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction on Friday, June 1st. The stock was sold at an average price of $195.45, for a total value of $586,350.00. Following the completion of the transaction, the director now directly owns 8,654 shares in the company, valued at $1,691,424.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Timothy L. Rose sold 17,000 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $185.33, for a total value of $3,150,610.00. Following the completion of the transaction, the vice president now owns 34,903 shares of the company’s stock, valued at $6,468,572.99. The disclosure for this sale can be found here. Insiders have sold 62,067 shares of company stock valued at $11,712,562 in the last ninety days. Company insiders own 0.74% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of COST. Jennison Associates LLC grew its holdings in shares of Costco Wholesale by 86.3% during the fourth quarter. Jennison Associates LLC now owns 6,611,043 shares of the retailer’s stock worth $1,230,447,000 after purchasing an additional 3,062,864 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Costco Wholesale by 2,114.9% in the fourth quarter. Fisher Asset Management LLC now owns 2,326,481 shares of the retailer’s stock valued at $433,005,000 after acquiring an additional 2,221,445 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in Costco Wholesale by 252.5% in the fourth quarter. Clearbridge Investments LLC now owns 2,388,496 shares of the retailer’s stock valued at $444,547,000 after acquiring an additional 1,711,003 shares during the last quarter. Epoch Investment Partners Inc. boosted its holdings in Costco Wholesale by 1,913.8% in the first quarter. Epoch Investment Partners Inc. now owns 1,146,393 shares of the retailer’s stock valued at $216,015,000 after acquiring an additional 1,089,467 shares during the last quarter. Finally, Carmignac Gestion bought a new position in Costco Wholesale during the first quarter worth about $169,704,000. Institutional investors and hedge funds own 71.48% of the company’s stock.

Costco Wholesale Company Profile

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.

Analyst Recommendations for Costco Wholesale (NASDAQ:COST)

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