What Analysts Suggest for Costco Stock

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Bremer Tru Natl Association holds 0.07% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST) for 1,594 shares. The firm earned "Hold" rating on Wednesday, July 5 by Wells Fargo. Costco Wholesale Corporation now has a consensus rating of "Buy" and an average target price of $179.57.

According to Costco Wholesale Corporation (COST) most recent 13F filing, the company has 133 new institutional holders - accounting for 1.95 million shares of its common stock. The company operates in the Consumer Defensive sector with a market capitalization of 73.1 Million. The stock is now moving above its 20-Day Simple Moving Average of 2.97% with a 50-Day Simple Moving Average of 5.16 percent.

On the cost side, Costco's selling, general and administrative (SG&A) expenses increased 12% y-o-y to around $4 billion due to increased payroll expenses, higher IT expenditures and growth in e-commerce initiatives.

This week Costco is debuting a two-day delivery service on shelf-stable food from its website and expanded fresh-food delivery in a partnership with Instacart. Investors bought 21,435 call options on the company. 5,000 shares were sold by Hines Daniel M., worth $906,598 on Tuesday, June 6. "Further, we expect member renewal rates to tick down another several quarters before likely rebounding - similar to Costco's experience in Canada after switching between credit card partners".

Net income attributable to Costco rose to $919 million, or $2.08 per share, in the quarter, from $779 million, or $1.77 per share, a year earlier. Its revenue totaled $3.78 billion up 25.96% from the previous quarter. During the same period in the prior year, the company posted $1.77 EPS.

In fiscal 2017, ended September 3, Costco generated $4.6 billion in e-commerce sales, a 15 percent increase compared to fiscal 2016 when the company had e-commerce sales of $4 billion. Turning back to this stock, Costco Wholesale Corporation approaches the first support point just current price at $154.11. If you are accessing this piece on another domain, it was stolen and republished in violation of U.S. & worldwide copyright & trademark laws.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. Zebra Capital Mgmt Ltd Liability Company holds 0.21% or 35,352 shares in its portfolio.

A Costco truck makes a delivery to a Costco store in Carlsbad, Calif., May 8. $179.25's average target is 13.51% above currents $157.91 stock price.

Costco ground beef sells for $2.99/lb at its stores in eastern MA.

Zevin Asset Management Llc decreased Alphabet Inc Cl C stake by 546 shares to 15,428 valued at $14.02M in 2017Q2.

Costco Wholesale, which has long thrived on offering free samples, is giving its customers fewer reasons to come into its stores. Epoch Investment Prtn Inc holds 0.03% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST) for 56,817 shares. Schulhoff & Co. Inc. now owns 1,540 shares of the retailer's stock valued at $258,000 after purchasing an additional 110 shares during the period. Delta Asset Management LLC TN now owns 627 shares of the retailer's stock worth $100,000 after purchasing an additional 65 shares in the last quarter. "Finally, we also believe investor sentiment continues to be cautious - and investors will likely continue to believe Costco remains a stock that's vulnerable to Amazon".

Costco ended its 2017 fiscal year with 741 warehouses in operation, including 514 in the USA and Puerto Rico, 97 in Canada, 37 in Mexico, 28 in the United Kingdom, 26 in Japan, 13 in Korea, 13 in Taiwan, nine in Australia, two in Spain, one in France and one in Iceland.