Costco Wholesale Corporation (COST) is Initiated by RBC Capital Mkts to Outperform, Price Target at $169

Costco Wholesale Corporation (COST) was Initiated by RBC Capital Mkts to “Outperform” and the brokerage firm has set the Price Target at $169. RBC Capital Mkts advised their investors in a research report released on May 3, 2016.

Many Wall Street Analysts have commented on Costco Wholesale Corporation. Costco Wholesale Corporation was Resumed by Barclays to “Equal Weight” on Mar 31, 2016. Shares were Reiterated by Telsey Advisory Group on Mar 4, 2016 to “Outperform” and Lowered the Price Target to $ 170 from a previous price target of $175 .

On the company’s financial health, Costco Wholesale Corporation reported $1.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Dec 8, 2015. Analyst had a consensus of $1.17. The company had revenue of $27200.00 million for the quarter, compared to analysts expectations of $27729.79 million. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS.

Costco Wholesale Corporation opened for trading at $148.76 and hit $151.42 on the upside on Monday, eventually ending the session at $150.93, with a gain of 1.89% or 2.8 points. The heightened volatility saw the trading volume jump to 33,61,454 shares. Company has a market cap of $66,264 M.

In a different news, on Mar 28, 2016, Timothy L. Rose (Executive VP) sold 1,777 shares at $151.25 per share price. According to the SEC, on Mar 21, 2016, Franz E Lazarus (Executive VP) sold 20,000 shares at $153.43 per share price. On Mar 17, 2016, James P. Murphy (Executive VP) sold 15,000 shares at $154.45 per share price, according to the Form-4 filing with the securities and exchange commission.

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

Leave a Reply

Costco Wholesale Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Costco Wholesale Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.