Costco Wholesale’s (COST) “Positive” Rating Reaffirmed at Susquehanna Bancshares
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.
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.
Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.