Shares of Costco Wholesale Co. (NASDAQ:COST) have been assigned an average rating of “Buy” from the thirty-one research firms that are presently covering the firm, Marketbeat reports. Nine analysts have rated the stock with a hold rating and twenty-one have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $195.58.
A number of research analysts have commented on the company. BidaskClub lowered Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $205.00 price target (down previously from $209.00) on shares of Costco Wholesale in a research report on Thursday, March 8th. Vetr downgraded Costco Wholesale from a “buy” rating to a “hold” rating and set a $195.68 price target on the stock. in a research note on Tuesday, February 20th. Argus upped their price target on Costco Wholesale to $200.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Finally, BMO Capital Markets set a $223.00 price target on Costco Wholesale and gave the stock a “buy” rating in a research note on Wednesday, January 24th.
In related news, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $187.23, for a total value of $561,690.00. Following the transaction, the director now directly owns 8,654 shares of the company’s stock, valued at approximately $1,620,288.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP James P. Murphy sold 5,000 shares of the stock in a transaction on Friday, January 5th. The shares were sold at an average price of $187.48, for a total value of $937,400.00. Following the transaction, the vice president now directly owns 53,834 shares in the company, valued at $10,092,798.32. The disclosure for this sale can be found here. Insiders sold a total of 94,859 shares of company stock worth $17,963,130 over the last ninety days. 0.58% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Westside Investment Management Inc. lifted its holdings in shares of Costco Wholesale by 0.3% during the 2nd quarter. Westside Investment Management Inc. now owns 1,114 shares of the retailer’s stock valued at $168,000 after buying an additional 3 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Costco Wholesale by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 1,390 shares of the retailer’s stock valued at $223,000 after buying an additional 7 shares during the period. Keel Point LLC lifted its holdings in shares of Costco Wholesale by 1.6% during the 2nd quarter. Keel Point LLC now owns 1,722 shares of the retailer’s stock valued at $275,000 after buying an additional 27 shares during the period. Ropes Wealth Advisors LLC raised its holdings in Costco Wholesale by 1.5% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 1,981 shares of the retailer’s stock worth $317,000 after purchasing an additional 30 shares during the period. Finally, FTB Advisors Inc. raised its holdings in Costco Wholesale by 1.5% in the 2nd quarter. FTB Advisors Inc. now owns 2,636 shares of the retailer’s stock worth $419,000 after purchasing an additional 39 shares during the period. 72.78% of the stock is currently owned by hedge funds and other institutional investors.
Costco Wholesale (NASDAQ:COST) traded down $2.60 on Friday, reaching $183.47. The company’s stock had a trading volume of 1,450,042 shares, compared to its average volume of 2,588,130. The company has a market cap of $82,212.98, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 2.81 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.44. Costco Wholesale has a fifty-two week low of $150.00 and a fifty-two week high of $199.88.
Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Wednesday, March 7th. The retailer reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.03). The business had revenue of $33 billion for the quarter, compared to the consensus estimate of $32.73 billion. Costco Wholesale had a net margin of 2.18% and a return on equity of 24.74%. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.17 EPS. analysts anticipate that Costco Wholesale will post 6.73 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 16th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.00 annualized dividend and a yield of 1.09%. Costco Wholesale’s dividend payout ratio (DPR) is presently 29.81%.
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About Costco Wholesale
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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