In a report released yesterday, Edward Kelly from Wells Fargo maintained a Hold rating on Costco (COST). The company’s shares closed last Wednesday at $383.50, close to its 52-week high of $390.67.
According to TipRanks.com, Kelly is a 4-star analyst with an average return of 11.0% and a 69.7% success rate. Kelly covers the Consumer Goods sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, United Natural Foods, and Sprouts Farmers.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Costco with a $392.33 average price target.
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Based on Costco’s latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of $53.38 billion and net profit of $1.39 billion. In comparison, last year the company earned revenue of $47.5 billion and had a net profit of $1.1 billion.
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of COST in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Costco Wholesale Corp. engages in the operation of membership warehouses. Its product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations. The company was founded by James D. Sinegal and Jeffrey H. Brotman in 1983 and is headquartered in Issaquah, WA.
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