Costco Wholesale Co. (NASDAQ:COST) Director John W. Meisenbach sold 3,000 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $187.23, for a total transaction of $561,690.00. Following the transaction, the director now directly owns 8,654 shares in the company, valued at approximately $1,620,288.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Costco Wholesale Co. (COST) traded up $2.46 during trading hours on Friday, hitting $191.84. 3,500,000 shares of the stock traded hands, compared to its average volume of 3,230,000. Costco Wholesale Co. has a 12-month low of $150.00 and a 12-month high of $195.35. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a market cap of $84,250.00, a PE ratio of 30.50, a price-to-earnings-growth ratio of 3.14 and a beta of 0.98.
Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.01. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The firm had revenue of $31.81 billion during the quarter, compared to analysts’ expectations of $31.01 billion. During the same period last year, the company posted $1.24 EPS. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. equities research analysts expect that Costco Wholesale Co. will post 6.61 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the company. Almanack Investment Partners LLC. purchased a new position in Costco Wholesale during the 2nd quarter valued at about $101,000. Wealthcare Advisory Partners LLC purchased a new position in Costco Wholesale during the 3rd quarter valued at about $102,000. Jacobus Wealth Management Inc. purchased a new position in Costco Wholesale during the 3rd quarter valued at about $103,000. Northwest Investment Counselors LLC purchased a new position in Costco Wholesale during the 2nd quarter valued at about $107,000. Finally, Shamrock Asset Management LLC lifted its position in Costco Wholesale by 171.3% during 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 during the period. 70.91% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently commented on COST shares. Moffett Nathanson started coverage on shares of Costco Wholesale in a report on Monday, December 4th. They set a “buy” rating on the stock. < Robert W. Baird reaffirmed a "buy" rating and set a $215.00 target price on shares of Costco Wholesale in a report on Friday, December 15th. Susquehanna Bancshares increased their target price on shares of Costco Wholesale from $205.00 to $215.00 and gave the company a "positive" rating in a report on Friday, December 15th. Stifel Nicolaus reissued a "buy" rating and issued a $200.00 price target (up previously from $185.00) on shares of Costco Wholesale in a report on Friday, December 15th. Finally, Vetr lowered shares of Costco Wholesale from a “hold” rating to a “sell” rating and set a $175.44 price target on the stock. in a report on Friday, December 1st. Nine investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $188.90.
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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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