Wells Fargo & Co reiterated their hold rating on shares of Costco Wholesale (NASDAQ:COST) in a research note issued to investors on Friday.
COST has been the subject of a number of other reports. Royal Bank of Canada dropped their price objective on shares of Costco Wholesale from $255.00 to $253.00 and set an outperform rating for the company in a research note on Friday, October 5th. Barclays reissued a hold rating and issued a $225.00 price objective on shares of Costco Wholesale in a research note on Wednesday. Zacks Investment Research cut shares of Costco Wholesale from a buy rating to a hold rating in a research note on Thursday, October 4th. Argus reissued a buy rating and issued a $255.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 11th. Finally, Bank of America reissued a buy rating and issued a $255.00 price objective on shares of Costco Wholesale in a research note on Friday, December 14th. Seven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $239.46.
COST traded down $0.13 during trading on Friday, hitting $210.51. 1,860,936 shares of the company traded hands, compared to its average volume of 2,305,004. The stock has a market capitalization of $92.46 billion, a price-to-earnings ratio of 30.82, a PEG ratio of 2.75 and a beta of 0.99. Costco Wholesale has a 1 year low of $175.79 and a 1 year high of $245.16. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.48 and a current ratio of 1.02.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, December 13th. The retailer reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.01). Costco Wholesale had a return on equity of 24.54% and a net margin of 2.25%. The business had revenue of $34.31 billion during the quarter, compared to analysts’ expectations of $34.66 billion. During the same period in the previous year, the business earned $1.45 earnings per share. The business’s quarterly revenue was up 10.3% on a year-over-year basis. On average, equities research analysts forecast that Costco Wholesale will post 7.64 earnings per share for the current year.
In related news, VP Franz E. Lazarus sold 23,000 shares of Costco Wholesale stock in a transaction dated Thursday, October 25th. The shares were sold at an average price of $226.76, for a total transaction of $5,215,480.00. Following the completion of the sale, the vice president now owns 6,830 shares in the company, valued at approximately $1,548,770.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Susan L. Decker sold 739 shares of Costco Wholesale stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $205.00, for a total transaction of $151,495.00. Following the sale, the director now owns 52,249 shares of the company’s stock, valued at approximately $10,711,045. The disclosure for this sale can be found here. Insiders have sold a total of 60,662 shares of company stock valued at $13,624,025 in the last quarter. 0.21% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Csenge Advisory Group bought a new stake in Costco Wholesale during the 3rd quarter valued at about $29,000. Parkside Investments LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter valued at about $105,000. Wunderlich Capital Managemnt bought a new stake in shares of Costco Wholesale in the 3rd quarter valued at about $117,000. Lee Financial Co raised its holdings in shares of Costco Wholesale by 63.7% in the 3rd quarter. Lee Financial Co now owns 555 shares of the retailer’s stock valued at $130,000 after purchasing an additional 216 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Costco Wholesale by 180.0% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 560 shares of the retailer’s stock valued at $132,000 after purchasing an additional 360 shares in the last quarter. Institutional investors own 70.60% of the company’s stock.
About Costco Wholesale
Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.
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