Costco Wholesale Co. (NASDAQ:COST) Director James D. Sinegal sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $192.06, for a total value of $5,761,800.00. Following the transaction, the director now owns 746,209 shares of the company’s stock, valued at $143,316,900.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Costco Wholesale Co. (NASDAQ COST) traded up $0.78 during trading on Friday, reaching $192.29. The company had a trading volume of 2,303,915 shares, compared to its average volume of 2,820,000. Costco Wholesale Co. has a fifty-two week low of $150.00 and a fifty-two week 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 company has a market capitalization of $84,790.00, a PE ratio of 30.57, a price-to-earnings-growth ratio of 3.14 and a beta of 0.98.
Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.01. The firm had revenue of $31.81 billion for the quarter, compared to analyst estimates of $31.01 billion. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.24 earnings per share. research analysts predict that Costco Wholesale Co. will post 6.69 earnings per share for the current fiscal year.
COST has been the subject of a number of recent research reports. Tigress Financial restated a “buy” rating on shares of Costco Wholesale in a research note on Friday, January 5th. Citigroup restated a “buy” rating and issued a $190.00 target price (up from $187.00) on shares of Costco Wholesale in a research note on Monday, October 9th. Royal Bank of Canada restated an “outperform” rating and issued a $190.00 target price (up from $184.00) on shares of Costco Wholesale in a research note on Friday, October 6th. Jefferies Group restated a “hold” rating and issued a $162.00 target price (down from $168.00) on shares of Costco Wholesale in a research note on Friday, October 6th. Finally, Oppenheimer set a $185.00 target price on Costco Wholesale and gave the company a “buy” rating in a research note on Friday, October 6th. Nine analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Costco Wholesale presently has an average rating of “Buy” and an average target price of $188.90.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC acquired a new stake in Costco Wholesale in the 3rd quarter valued at approximately $102,000. Jacobus Wealth Management Inc. bought a new position in Costco Wholesale in the third quarter valued at approximately $103,000. Almanack Investment Partners LLC. bought a new position in Costco Wholesale in the second quarter valued at approximately $101,000. Shamrock Asset Management LLC grew its stake in Costco Wholesale by 171.3% in the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock valued at $109,000 after purchasing an additional 418 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new position in Costco Wholesale in the second quarter valued at approximately $107,000. 70.98% of the stock is currently owned by institutional investors.
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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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