Costco Gets a Hold from Jefferies

By Austin Angelo

Jefferies analyst Christopher Mandeville reiterated a Hold rating on Costco (NASDAQ: COST) yesterday and set a price target of $156. The company’s shares closed yesterday at $170.06.

According to TipRanks.com, Mandeville is a 3-star analyst with an average return of 4.1% and a 55.0% success rate. Mandeville covers the Services sector, focusing on stocks such as Papa John’s International, Core-Mark Holding Company, and United Natural Foods.

Currently, the analyst consensus on Costco is Moderate Buy and the average price target is $179.40, representing a 5.5% upside.

In a report issued on April 6, Wells Fargo also reiterated a Hold rating on the stock.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. Last month, James Sinegal, a Director at COST sold 100,000 shares for a total of $16,635,000.

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. operates membership warehouses based on the concept that offering members low prices on a limited selection of nationally branded and select private-label products in a wide range of merchandise categories. It operates warehouses in the U.S., Canada, the United Kingdom, Japan and Australia and through majority-owned subsidiaries in Taiwan and Korea. The firm warehouses present exclusive product category selections to be found under a single roof, which include appliances, auto and tires, baby, kids and toys, clothing and handbags, computers and printers, electronics, food and gift baskets, funeral, furniture, gift cards, tickets & floral, hardware health & beauty, home & decor, jewelry & watches, office products, patio, outdoor & pets, sports & fitness, travel & luggage. It also provides ancillary and other services that include gas stations, pharmacy, food court, optical, one-hour photo, hearing aid and travel. The company was founded by James D. Sinegal and Jeffrey H. Brotman in 1983 and is headquartered in Issaquah, WA.