Costco Wholesale’s (NASDAQ:COST) same-store sales climbed 8.6% in the month of March. Costco Wholesale’s shares climbed by 0% in the first day of trading following the report.
A number of research analysts recently weighed in on COST shares. BidaskClub raised Costco Wholesale from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 28th. Tigress Financial reaffirmed a “buy” rating on shares of Costco Wholesale in a research note on Friday, January 5th. Vetr raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price target on the stock in a research note on Monday, February 5th. Oppenheimer boosted their price objective on Costco Wholesale from $180.00 to $210.00 and gave the stock an “outperform” rating in a report on Monday, January 8th. Finally, BMO Capital Markets set a $223.00 price objective on Costco Wholesale and gave the stock a “buy” rating in a report on Wednesday, January 24th. Eight equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Costco Wholesale presently has an average rating of “Buy” and an average target price of $192.14.
In other Costco Wholesale news, insider Russell D. Miller sold 12,393 shares of the stock in a transaction on Thursday, April 19th. The stock was sold at an average price of $194.12, for a total transaction of $2,405,729.16. Following the completion of the transaction, the insider now directly owns 1 shares of the company’s stock, valued at $194.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John W. Meisenbach sold 3,000 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $191.31, for a total value of $573,930.00. Following the transaction, the director now directly owns 8,654 shares of the company’s stock, valued at $1,655,596.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,067 shares of company stock valued at $11,690,902. 0.74% of the stock is currently owned by corporate insiders.
Shares of NASDAQ COST opened at $193.56 on Friday. Costco Wholesale has a 1-year low of $150.00 and a 1-year high of $199.88. The firm has a market cap of $85,600.67, a price-to-earnings ratio of 33.26, a PEG ratio of 2.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.44.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Wednesday, March 7th. The retailer reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.03). Costco Wholesale had a net margin of 2.18% and a return on equity of 24.74%. The firm had revenue of $33 billion for the quarter, compared to the consensus estimate of $32.73 billion. During the same period last year, the company posted $1.17 earnings per share. Costco Wholesale’s revenue for the quarter was up 10.8% on a year-over-year basis. analysts anticipate that Costco Wholesale will post 6.77 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Assetmark Inc. grew its holdings in Costco Wholesale by 137.0% during the fourth quarter. Assetmark Inc. now owns 564 shares of the retailer’s stock valued at $105,000 after purchasing an additional 326 shares during the period. Wealthcare Advisory Partners LLC purchased a new stake in shares of Costco Wholesale during the third quarter worth $102,000. Jacobus Wealth Management Inc. purchased a new stake in shares of Costco Wholesale during the third quarter worth $103,000. American Beacon Advisors Inc. purchased a new stake in shares of Costco Wholesale during the fourth quarter worth $120,000. Finally, Shamrock Asset Management LLC lifted its position in shares of Costco Wholesale by 171.3% during the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after acquiring an additional 418 shares in the last quarter. 72.95% of the stock is owned by institutional investors and hedge funds.
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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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