Costco Wholesale Co. (NASDAQ:COST) – Equities researchers at Jefferies Group lifted their Q2 2018 earnings estimates for Costco Wholesale in a research report issued to clients and investors on Thursday, according to Zacks Investment Research. Jefferies Group analyst D. Binder now forecasts that the retailer will earn $1.44 per share for the quarter, up from their previous forecast of $1.42. Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for Costco Wholesale’s FY2019 earnings at $7.10 EPS, FY2020 earnings at $7.65 EPS, FY2021 earnings at $8.34 EPS and FY2022 earnings at $9.16 EPS.
Several other analysts have also weighed in on COST. Tigress Financial reaffirmed a “buy” rating on shares of Costco Wholesale in a report on Friday, January 5th. Vetr raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price objective for the company in a report on Thursday, January 4th. Oppenheimer raised their price objective on shares of Costco Wholesale from $180.00 to $210.00 and gave the stock an “outperform” rating in a report on Monday. Guggenheim reaffirmed a “neutral” rating on shares of Costco Wholesale in a report on Thursday, October 5th. Finally, BMO Capital Markets set a $160.00 price objective on shares of Costco Wholesale and gave the stock a “hold” rating in a report on Saturday, October 7th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Costco Wholesale currently has an average rating of “Buy” and a consensus target price of $188.90.
Costco Wholesale (NASDAQ COST) opened at $185.42 on Monday. The company has a market cap of $81,430.00, a PE ratio of 29.48, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale has a one year low of $150.00 and a one year high of $195.35.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.01. The firm had revenue of $31.81 billion during the quarter, compared to analysts’ expectations of $31.01 billion. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.24 earnings per share.
Several hedge funds and other institutional investors have recently made changes to their positions in COST. Almanack Investment Partners LLC. bought a new stake in Costco Wholesale in the 2nd quarter valued at $101,000. Wealthcare Advisory Partners LLC bought a new stake in Costco Wholesale in the 3rd quarter valued at $102,000. Jacobus Wealth Management Inc. bought a new stake in Costco Wholesale in the 3rd quarter valued at $103,000. Northwest Investment Counselors LLC bought a new stake in Costco Wholesale in the 2nd quarter valued at $107,000. Finally, Shamrock Asset Management LLC lifted its position in Costco Wholesale by 171.3% in the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock valued at $109,000 after acquiring an additional 418 shares in the last quarter. 70.91% of the stock is currently owned by institutional investors.
In other news, Director Richard M. Libenson sold 20,000 shares of Costco Wholesale stock in a transaction on Monday, December 18th. The shares were sold at an average price of $193.03, for a total transaction of $3,860,600.00. Following the transaction, the director now directly owns 3,919 shares of the company’s stock, valued at $756,484.57. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Daniel M. Hines sold 5,000 shares of Costco Wholesale stock in a transaction on Monday, January 8th. The stock was sold at an average price of $188.62, for a total transaction of $943,100.00. Following the transaction, the insider now directly owns 30,853 shares in the company, valued at $5,819,492.86. The disclosure for this sale can be found here. Insiders have sold a total of 82,027 shares of company stock valued at $14,914,835 in the last ninety days. Company insiders own 0.58% of the company’s stock.
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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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