Vetr upgraded shares of Costco Wholesale (NASDAQ:COST) from a buy rating to a strong-buy rating in a report issued on Monday. Vetr currently has $200.28 price target on the retailer’s stock.
Other equities analysts have also issued research reports about the company. Cowen set a $214.00 price objective on Costco Wholesale and gave the stock a buy rating in a report on Friday, December 15th. Stifel Nicolaus reaffirmed a buy rating and set a $200.00 price objective (up previously from $185.00) on shares of Costco Wholesale in a report on Friday, December 15th. UBS Group raised their price objective on Costco Wholesale to $210.00 and gave the stock a buy rating in a report on Friday, December 15th. Moffett Nathanson started coverage on Costco Wholesale in a report on Monday, December 4th. They set a buy rating on the stock. < Finally, JPMorgan Chase & Co. reaffirmed a buy rating and set a $200.00 price objective on shares of Costco Wholesale in a report on Monday, December 4th. Nine analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $190.36.
Costco Wholesale (NASDAQ COST) opened at $181.06 on Monday. The stock has a market capitalization of $79,520.00, a PE ratio of 28.79, a price-to-earnings-growth ratio of 2.95 and a beta of 0.99. Costco Wholesale has a twelve month low of $150.00 and a twelve month high of $199.88. 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 (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 consensus estimate of $1.35 by $0.01. The company 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 business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.24 earnings per share. sell-side analysts forecast that Costco Wholesale will post 6.71 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 16th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $2.00 dividend on an annualized basis and a yield of 1.10%. Costco Wholesale’s payout ratio is currently 31.80%.
In related news, VP Timothy L. Rose sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $193.20, for a total value of $966,000.00. Following the completion of the sale, the vice president now owns 52,529 shares in the company, valued at $10,148,602.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John W. Meisenbach sold 3,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $183.26, for a total transaction of $549,780.00. Following the completion of the sale, the director now owns 8,654 shares of the company’s stock, valued at approximately $1,585,932.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 91,185 shares of company stock valued at $17,408,817. 0.58% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in COST. Almanack Investment Partners LLC. acquired a new stake in shares of Costco Wholesale during the 2nd quarter valued at approximately $101,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Costco Wholesale during the 3rd quarter valued at approximately $102,000. Jacobus Wealth Management Inc. acquired a new stake in shares of Costco Wholesale during the 3rd quarter valued at approximately $103,000. Shamrock Asset Management LLC lifted its position in shares of 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. Finally, Zions Bancorporation lifted its position in shares of Costco Wholesale by 148.4% during the 3rd quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock valued at $113,000 after acquiring an additional 411 shares during the period. Hedge funds and other institutional investors own 72.06% of the company’s stock.
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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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