Costco Wholesale Corporation (COST): Price Target and June Short Interest Disclosure

Costco Wholesale Corporation (COST) : The most positive equity analysts on Costco Wholesale Corporation (COST) expects the shares to touch $195, whereas, the least positive believes that the stock will trade at $135 in the short term. The company is covered by 14 Wall Street Brokerage Firms. The average price target for shares are $171.43 with an expected fluctuation of $13.5 from the mean.

The short interest in Costco Wholesale Corporation (COST) has increased from 9,967,913 on June 15,2016 to 10,502,547 on June 30,2016. The change was measured at 534,634 shares or 5.4%. The leftover shorts were 2.4% of the floated shares. The days to cover are 4, given the average daily volume of 2,543,174 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Goldman Sachs upgrades its view on Costco Wholesale Corporation (NASDAQ:COST) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. Goldman Sachs raises the price target from $169 per share to $175 per share on Costco Wholesale Corporation. The rating by the firm was issued on June 1, 2016.


Costco Wholesale Corporation (NASDAQ:COST): stock turned positive on Thursday. Though the stock opened at $167.15, the bulls momentum made the stock top out at $168 level for the day. The stock recorded a low of $166.28 and closed the trading day at $166.94, in the green by 0.10%. The total traded volume for the day was 2,150,083. The stock had closed at $166.78 in the previous days trading.

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 144,000 square feet. The Companys warehouses generally operate on a seven-day, 69-hour week. The Companys product categories include Food, Sundries, Hardlines, Fresh Food, Softlines, Ancillary and Other. The Companys online business provides products, which include services, such as photo processing, pharmacy, travel, business delivery, and membership services.

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