Costco Wholesale’s (NASDAQ:COST) same-store sales increased by 11.5% during the month of December. Costco Wholesale’s shares climbed by 0% in the first day of trading following the news.
COST has been the topic of a number of analyst reports. TheStreet raised Costco Wholesale from a “c” rating to a “b” rating in a report on Monday, October 9th. Oppenheimer set a $185.00 price objective on Costco Wholesale and gave the company a “buy” rating in a report on Friday, October 6th. Robert W. Baird set a $200.00 price objective on Costco Wholesale and gave the company a “buy” rating in a report on Wednesday, October 4th. Vetr lowered Costco Wholesale from a “strong-buy” rating to a “buy” rating and set a $183.04 price objective on the stock. in a report on Wednesday, September 27th. Finally, Zacks Investment Research raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $180.00 price objective on the stock in a report on Tuesday, September 19th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $188.90.
In related news, CFO Richard A. Galanti sold 3,000 shares of Costco Wholesale stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $170.95, for a total transaction of $512,850.00. Following the completion of the transaction, the chief financial officer now directly owns 35,225 shares in the company, valued at approximately $6,021,713.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel M. Hines sold 5,000 shares of Costco Wholesale stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $188.62, for a total value of $943,100.00. Following the transaction, the insider now owns 30,853 shares of the company’s stock, valued at $5,819,492.86. The disclosure for this sale can be found here. Insiders have sold a total of 87,027 shares of company stock valued at $15,872,935 over the last 90 days. Insiders own 0.74% of the company’s stock.
Costco Wholesale (COST) opened at $191.84 on Friday. 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 12-month low of $150.00 and a 12-month high of $195.35. The stock has a market capitalization of $84,250.00, a P/E ratio of 30.50, a P/E/G ratio of 3.14 and a beta of 0.98.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.01. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The firm had revenue of $31.81 billion during the quarter, compared to the consensus estimate of $31.01 billion. During the same period in the previous year, the firm posted $1.24 EPS. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. analysts predict that Costco Wholesale will post 6.61 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the business. 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 worth $5,380,168,000 after acquiring an additional 937,121 shares during the period. BlackRock Inc. grew its stake in Costco Wholesale by 2.9% in the 2nd quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock worth $3,983,097,000 after acquiring an additional 703,825 shares during the period. 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 worth $2,843,102,000 after acquiring an additional 1,007,720 shares during the period. Capital Research Global Investors grew its stake in Costco Wholesale by 2.3% in the 2nd quarter. Capital Research Global Investors now owns 9,281,245 shares of the retailer’s stock worth $1,484,350,000 after acquiring an additional 207,675 shares during the period. 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 worth $1,118,138,000 after acquiring an additional 858,969 shares during the period. 70.91% of the stock is owned by hedge funds and other institutional investors.
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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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