Nomura Reaffirms Hold Rating for Costco Wholesale (NASDAQ:COST)

Nomura reissued their hold rating on shares of Costco Wholesale (NASDAQ:COST) in a research note released on Monday, January 6th, AnalystRatings.com reports. The firm currently has a $300.00 price objective on the retailer’s stock.

COST has been the topic of a number of other research reports. Oppenheimer downgraded shares of Costco Wholesale from an outperform rating to a market perform rating and raised their target price for the company from $295.00 to $300.00 in a research note on Wednesday, September 11th. Raymond James raised their target price on shares of Costco Wholesale from $300.00 to $315.00 and gave the company an outperform rating in a research note on Friday, December 13th. BidaskClub downgraded shares of Costco Wholesale from a hold rating to a sell rating in a research note on Thursday, November 28th. Robert W. Baird set a $325.00 price target on shares of Costco Wholesale and gave the company a buy rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Costco Wholesale from $271.00 to $330.00 and gave the company an overweight rating in a report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $300.00.

Shares of COST traded up $2.13 on Monday, hitting $302.95. 683,121 shares of the stock traded hands, compared to its average volume of 1,879,436. The company has a quick ratio of 0.49, a current ratio of 1.01 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $132.42 billion, a P/E ratio of 36.99, a P/E/G ratio of 4.30 and a beta of 0.89. The stock’s 50 day moving average is $295.32 and its two-hundred day moving average is $289.42. Costco Wholesale has a 1 year low of $205.75 and a 1 year high of $307.34.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, December 12th. The retailer reported $1.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.71 by $0.02. The company had revenue of $37.04 billion for the quarter, compared to the consensus estimate of $37.40 billion. Costco Wholesale had a net margin of 2.42% and a return on equity of 24.22%. Costco Wholesale’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.61 earnings per share. Research analysts forecast that Costco Wholesale will post 8.59 EPS for the current year.

In other Costco Wholesale news, Director Susan L. Decker sold 3,850 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $300.41, for a total transaction of $1,156,578.50. Following the sale, the director now directly owns 34,582 shares in the company, valued at approximately $10,388,778.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan L. Decker sold 1,703 shares of Costco Wholesale stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $303.01, for a total transaction of $516,026.03. Following the completion of the transaction, the director now directly owns 38,432 shares in the company, valued at approximately $11,645,280.32. The disclosure for this sale can be found here. Insiders have sold a total of 35,313 shares of company stock worth $10,591,657 over the last 90 days. 0.22% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in COST. Nuveen Asset Management LLC grew its position in Costco Wholesale by 40,778.5% during the second quarter. Nuveen Asset Management LLC now owns 4,772,976 shares of the retailer’s stock valued at $1,261,307,000 after purchasing an additional 4,761,300 shares in the last quarter. Johanson Financial Advisors Inc. lifted its stake in Costco Wholesale by 30,151.3% in the fourth quarter. Johanson Financial Advisors Inc. now owns 1,135,330 shares of the retailer’s stock valued at $3,858,000 after acquiring an additional 1,131,577 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in Costco Wholesale in the second quarter valued at approximately $159,976,000. Vanguard Group Inc. lifted its stake in Costco Wholesale by 1.4% in the second quarter. Vanguard Group Inc. now owns 37,343,168 shares of the retailer’s stock valued at $9,868,305,000 after acquiring an additional 508,650 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its stake in Costco Wholesale by 343.7% in the third quarter. Squarepoint Ops LLC now owns 629,864 shares of the retailer’s stock valued at $181,470,000 after acquiring an additional 487,907 shares during the last quarter. 69.85% of the stock is currently owned by institutional investors.

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.

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Analyst Recommendations for Costco Wholesale (NASDAQ:COST)

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