Traders sold shares of Costco Wholesale Co. (NASDAQ:COST) on strength during trading on Thursday. $48.02 million flowed into the stock on the tick-up and $84.56 million flowed out of the stock on the tick-down, for a money net flow of $36.54 million out of the stock. Of all stocks tracked, Costco Wholesale had the 0th highest net out-flow for the day. Costco Wholesale traded up $0.84 for the day and closed at $186.59
Several research analysts have weighed in on the company. Vetr lowered Costco Wholesale from a “buy” rating to a “hold” rating and set a $195.68 target price on the stock. in a report on Tuesday. Argus lifted their target price on Costco Wholesale to $200.00 and gave the stock a “buy” rating in a report on Monday, February 12th. BMO Capital Markets set a $223.00 target price on Costco Wholesale and gave the stock a “buy” rating in a report on Wednesday, January 24th. Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 target price on the stock in a report on Friday, January 12th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $195.00 target price on shares of Costco Wholesale in a report on Friday, January 12th. Ten analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $190.18.
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 $84,800.00, a PE ratio of 30.18, a PEG ratio of 3.05 and a beta of 0.99.
Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.01. The business had revenue of $31.81 billion for the quarter, compared to the consensus estimate of $31.01 billion. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. Costco Wholesale’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.24 earnings per share. equities analysts forecast that Costco Wholesale Co. will post 6.71 EPS for the current year.
The business also recently announced 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Thursday, February 15th. Costco Wholesale’s dividend payout ratio is currently 31.80%.
In related news, Director John W. Meisenbach sold 3,000 shares of Costco Wholesale stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $193.41, for a total value of $580,230.00. Following the sale, the director now owns 8,654 shares of the company’s stock, valued at $1,673,770.14. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Timothy L. Rose sold 5,000 shares of Costco Wholesale 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 directly owns 52,529 shares in the company, valued at approximately $10,148,602.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,185 shares of company stock worth $17,408,817. 0.74% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Costco Wholesale by 2.9% during the second quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock worth $5,380,168,000 after buying an additional 937,121 shares during the last quarter. BlackRock Inc. increased its position in Costco Wholesale by 2.9% during the second quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock worth $3,983,097,000 after buying an additional 703,825 shares during the last quarter. Capital World Investors increased its position in Costco Wholesale by 6.0% during the second quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock worth $2,843,102,000 after buying an additional 1,007,720 shares during the last quarter. Capital Research Global Investors increased its position in Costco Wholesale by 2.3% during the second quarter. Capital Research Global Investors now owns 9,281,245 shares of the retailer’s stock worth $1,484,350,000 after buying an additional 207,675 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Costco Wholesale by 14.4% during the third quarter. Bank of New York Mellon Corp now owns 6,805,874 shares of the retailer’s stock worth $1,118,138,000 after buying an additional 858,969 shares during the last quarter. 70.87% of the stock is currently owned by institutional investors and hedge funds.
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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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