Barclays Just Issued “Equal Weight” Rating on Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (COST) was Reiterated by Barclays to “Equal Weight” according to the research note released today. The brokerage firm has raised the Price Target to $ 170 from a previous price target of $158 . Barclays advised their Clients and Investors in a research report released on Mar 3, 2017.

Based on several research reports , Company shares were Reiterated by Barclays on Mar 3, 2017 to “Equal Weight”, Firm has raised the Price Target to $ 170 from a previous price target of $158 .Company shares were Reiterated by Barclays on Mar 3, 2017 to “Equal Weight”, Firm has raised the Price Target to $ 170 from a previous price target of $158 .Susquehanna Initiated Costco Wholesale Corporation on Feb 10, 2017 to “Positive”, Price Target of the shares are set at $192.Bernstein Initiated Costco Wholesale Corporation on Feb 6, 2017 to “Mkt Perform”, Price Target of the shares are set at $170.Stifel Resumed Costco Wholesale Corporation on Jan 20, 2017 to “Buy”, Price Target of the shares are set at $185.

On the company’s financial health, Costco Wholesale Corporation reported $1.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on Mar 2, 2017. Analyst had a consensus of $1.35. The company had revenue of $29766.00 million for the quarter, compared to analysts expectations of $29750.14 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS.

Several company insiders have filed Insider transactions , on Feb 3, 2017, John D Mckay (Executive Vice President) sold 4,948 shares at $168.25 per share price. According to the SEC, on Feb 1, 2017, James D Sinegal (director) sold 20,114 shares at $149.02 per share price. On Jan 11, 2017, Roland Michael Vachris (Executive VP) sold 3,180 shares at $161.73 per share price, according to the Form-4 filing with the securities and exchange commission.

Costco Wholesale Corporation opened for trading at $177.33 and hit $177.85 on the upside on Monday, eventually ending the session at $177.62, with a gain of 0.03% or 0.06 points. The heightened volatility saw the trading volume jump to 23,40,564 shares. Company has a market cap of $78,018 M.

Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico Canada United Kingdom (U.K.) Mexico Japan Australia Spain and through majority-owned subsidiaries in Taiwan and Korea. The Company operated 663 membership warehouses and an average warehouse is approximately 144000 square feet. The Company’s warehouses generally operate on a seven-day 69-hour week. The Company’s product categories include Food Sundries Hardlines Fresh Food Softlines Ancillary and Other. The Company’s online business provides products which include services such as photo processing pharmacy travel business delivery and membership services.

Costco Wholesale Corporation

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