Costco Wholesale Co. (NASDAQ:COST) – Stock analysts at Jefferies Group raised their FY2018 earnings estimates for shares of Costco Wholesale in a note issued to investors on Monday. Jefferies Group analyst D. Binder now anticipates that the retailer will post earnings per share of $6.54 for the year, up from their previous forecast of $6.48. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for Costco Wholesale’s FY2019 earnings at $7.05 EPS, FY2020 earnings at $7.60 EPS and FY2021 earnings at $8.28 EPS.
COST has been the topic of a number of other reports. Robert W. Baird reaffirmed a “buy” rating and set a $200.00 price target on shares of Costco Wholesale in a research report on Thursday, August 31st. Stifel Nicolaus reaffirmed a “buy” rating and set a $173.00 price target on shares of Costco Wholesale in a research report on Monday, October 9th. Vetr downgraded Costco Wholesale from a “buy” rating to a “hold” rating and set a $171.07 price target on the stock. in a research report on Monday, November 6th. J P Morgan Chase & Co reaffirmed a “buy” rating and set a $200.00 price target on shares of Costco Wholesale in a research report on Monday, December 4th. Finally, Zacks Investment Research raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $180.00 price target on the stock in a research report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $184.20.
Shares of Costco Wholesale (NASDAQ COST) traded up $6.20 during mid-day trading on Thursday, hitting $192.73. The stock had a trading volume of 7,486,459 shares, compared to its average volume of 2,967,005. The firm has a market capitalization of $81,511.67, a P/E ratio of 31.04, a PEG ratio of 3.02 and a beta of 0.98. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.43 and a current ratio of 0.99. Costco Wholesale has a 1-year low of $150.00 and a 1-year high of $195.35.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.01. The business had revenue of $31.81 billion for the quarter, compared to the consensus estimate of $31.01 billion. Costco Wholesale had a return on equity of 23.41% and a net margin of 2.09%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.24 earnings per share.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.04%. The ex-dividend date was Thursday, November 16th. Costco Wholesale’s payout ratio is 31.80%.
In other Costco Wholesale news, Director Richard M. Libenson sold 2,350 shares of the company’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $162.00, for a total value of $380,700.00. Following the sale, the director now directly owns 4,109 shares of the company’s stock, valued at $665,658. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Richard A. Galanti sold 5,000 shares of the company’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $160.58, for a total transaction of $802,900.00. Following the completion of the sale, the vice president now directly owns 41,396 shares in the company, valued at $6,647,369.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,842 shares of company stock worth $5,520,848. 0.74% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the business. Delta Asset Management LLC TN raised its position in shares of Costco Wholesale by 11.6% in the second quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock worth $100,000 after acquiring an additional 65 shares during the period. Almanack Investment Partners LLC. acquired a new position in shares of Costco Wholesale in the second quarter worth about $101,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Costco Wholesale in the third quarter worth about $102,000. Jacobus Wealth Management Inc. acquired a new position in shares of Costco Wholesale in the third quarter worth about $103,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Costco Wholesale in the second quarter worth about $107,000. 71.49% of the stock is currently owned by institutional investors.
Costco Wholesale Company Profile
Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.
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