Barclays Maintains Costco Wholesale Corporation to Equal-weight with Price Target $158.00

Brokerage firm Barclays Maintains its rating on Costco Wholesale Corporation(NASDAQ:COST). In a research note issued to the investors, the brokerage major Lowers the price-target to $158.00 per share. The shares have been rated Equal-weight. The rating by Barclays was issued on Sep 23, 2016.

In a different note, On Aug 16, 2016, Citigroup said it Maintains its rating on Costco Wholesale Corporation. In the research note, the firm Raises the price-target to $155.00 per share. The shares have been rated ‘Neutral’ by the firm.

Costco Wholesale Corporation (COST) shares turned negative on Tuesdays trading session with the shares closing down -0.74 points or -0.49% at a volume of 25,69,036. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $151.77. The peak price level was also seen at $151.77 while the days lowest was $150. Finally the shares closed at $150.45. The 52-week high of the shares is $169.73 while the 52-week low is $138.57. According to the latest information available, the market cap of the company is $65,907 M.

Costco Wholesale Corporation(COST) last announced its earnings results on May 25, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $26.77B. Analysts had an estimated revenue of $27.11B. Earnings per share were $1.24. Analysts had estimated an EPS of $1.23.

Several Insider Transactions has been reported to the SEC. On Aug 18, 2016, John W Meisenbach (director) sold 5,737 shares at $167.74 per share price.Also, On Jul 11, 2016, Douglas W Schutt (Former Executive VP) sold 14,656 shares at $166.76 per share price.On Jul 11, 2016, John D Mckay (Executive Vice President) sold 7,500 shares at $166.58 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.

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