Costco Wholesale (NASDAQ:COST)‘s stock had its “buy” rating reiterated by stock analysts at Tigress Financial in a research report issued on Friday, January 5th.
Other research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Costco Wholesale from a “c” rating to a “b” rating in a research note on Monday, October 9th. Oppenheimer set a $185.00 target price on shares of Costco Wholesale and gave the company a “buy” rating in a research note on Friday, October 6th. Robert W. Baird set a $200.00 price target on shares of Costco Wholesale and gave the company a “buy” rating in a report on Wednesday, October 4th. Vetr lowered shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating and set a $183.04 price target for the company. in a report on Wednesday, September 27th. Finally, Zacks Investment Research raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $180.00 price target for the company in a report on Tuesday, September 19th. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $188.90.
Shares of Costco Wholesale (COST) traded up $2.46 on Friday, reaching $191.84. 3,500,000 shares of the company’s stock were exchanged, compared to its average volume of 3,230,000. The company has a market capitalization 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. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.57. Costco Wholesale has a 1 year low of $150.00 and a 1 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. 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 quarter last year, the company earned $1.24 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. analysts expect that Costco Wholesale will post 6.61 earnings per share for the current fiscal year.
In other Costco Wholesale news, Director Richard M. Libenson sold 20,000 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 3,919 shares of the company’s stock, valued at approximately $756,484.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Richard A. Galanti sold 5,000 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $160.58, for a total transaction of $802,900.00. Following 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. Insiders sold a total of 87,027 shares of company stock worth $15,872,935 over the last ninety days. 0.74% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in COST. Janus Henderson Group PLC increased its stake in shares of Costco Wholesale by 3,005.9% during the 2nd quarter. Janus Henderson Group PLC now owns 4,180,770 shares of the retailer’s stock worth $668,630,000 after purchasing an additional 4,046,164 shares during the last quarter. Harbour Capital Advisors LLC grew its stake in Costco Wholesale by 15,937.3% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,448,646 shares of the retailer’s stock valued at $9,058,000 after buying an additional 1,439,613 shares during the last quarter. Capital World Investors grew its stake in Costco Wholesale by 6.0% in the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock valued at $2,843,102,000 after buying an additional 1,007,720 shares during the last quarter. Vanguard Group Inc. grew its stake in Costco Wholesale by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock valued at $5,380,168,000 after buying an additional 937,121 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Costco Wholesale by 14.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,805,874 shares of the retailer’s stock valued at $1,118,138,000 after buying an additional 858,969 shares during the last quarter. Institutional investors own 70.91% 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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