Research analysts at Williams Capital started coverage on shares of Costco Wholesale Corp. (NASDAQ:COST) in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $132.00 price target on the stock. Williams Capital’s price objective would suggest a potential upside of 11.96% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Costco Wholesale Corp. in a research note to investors on Friday, July 19th. They now have a $123.00 price target on the stock. Separately, analysts at Ativo Research downgraded shares of Costco Wholesale Corp. from a “favorable” rating to a “neutral” rating in a research note to investors on Saturday, June 22nd. Finally, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Costco Wholesale Corp. in a research note to investors on Thursday, June 20th. They now have a $115.00 price target on the stock.
Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $115.26.
Costco Wholesale Corp. (NASDAQ: COST) traded down 0.67% on Wednesday, hitting $117.11. Costco Wholesale Corp. has a 52-week low of $93.51 and a 52-week high of $119.39. The stock’s 50-day moving average is currently $112.. The company has a market cap of $51.140 billion and a price-to-earnings ratio of 25.50.
Costco Wholesale Corp. (NASDAQ:COST) last issued its quarterly earnings data on Thursday, May 30th. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.03 by $0.01. The company had revenue of $23.55 billion for the quarter, compared to the consensus estimate of $24.23 billion. During the same quarter in the prior year, the company posted $0.88 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts predict that Costco Wholesale Corp. will post $4.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 23rd. Shareholders of record on Friday, August 9th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, August 7th.
Costco Wholesale Corporation (NASDAQ: COST) with its subsidiaries is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, and through majority owned subsidiaries in Taiwan and Korea.
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