Costco Wholesale Corporation (COST) - Citigroup Holds Rating And Sets New Price Target

Costco Wholesale Corporation (COST) - Citigroup Holds Rating And Sets New Price Target

Here we'll take a quick glance at how the stock price is now trading in relation to some of its simple moving averages. Weik Invest reported 1.19% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. Deutsche Bank maintained Costco Wholesale Corporation (NASDAQ:COST) rating on Tuesday, May 31. 2 analysts say it's a Hold while 1 analysts provided their expert opinion as Sell.

On October 6 the stock rating was downgraded from "Overweight" to "Buy" and a price target of $190.00 was set by Morgan Stanley.

Costco Wholesale Corporation (COST) traded down 5.97% during midday trading on Friday, hitting $157.10. After the latest check-in, shares are -1.89% off of the 50 day high and 13.14% away from the 50 day low number.

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The P/E ratio is now 27.34 and the market cap of the company is 69.07B. This rapid inventory turnover enables Costco to operate profitably at significantly lower gross margins than traditional wholesalers, discount retailers and supermarkets. Costco Wholesale Corporation also was the recipient of unusually large options trading activity on Thursday. Comps, excluding gasoline and foreign exchange rate impact, gained 5.7% with those in the US up 5.8%, those in Canada up 4.8% and those in other worldwide markets up 6% versus the quarter in the year before. The ex-dividend date was set for Wednesday the 16th of August 2017. The retailer reported $2.08 EPS for the quarter, beating the Zacks' consensus estimate of $2.02 by $0.06. It also reduced its holding in Target Corporation (NYSE:TGT) by 9,632 shares in the quarter, leaving it with 117,180 shares, and cut its stake in Ford Motor Company (NYSE:F). Its revenue totaled $3.78 billion up 25.96% from the previous quarter. During the same quarter in the prior year, the business earned $1.77 EPS. Costco Wholesale Corporation's revenue for the quarter was up 15.7% on a year-over-year basis. In the latest earnings report the EPS was $5.76 and is expected to be $6.43 for the current year with 438,593,000 shares now outstanding. If you are accessing this report on another website, it was copied illegally and republished in violation of USA and worldwide copyright and trademark law.

The Stock has shows volatility of 1.07% in recent 5 days and demonstrated volatility of 1.26% in last 30 days. John W. Meisenbach, Director sold $157,590 worth of shares at an average price of $157.59 on Friday the 1st. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. That's up from $779 million, or $1.77 per share, a year ago when the quarter was one week shorter. Of those transactions, there were 563,360 shares of COST bought and 578,615 shares sold. Delta Asset Management LLC TN now owns 627 shares of the retailer's stock worth $100,000 after buying an additional 65 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Costco Wholesale Corporation by 36.1% in the 1st quarter.