Costco Wholesale Co. (NASDAQ:COST) has received an average recommendation of “Buy” from the thirty-one ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $297.18.
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COST has been the topic of several research reports. Stifel Nicolaus increased their target price on Costco Wholesale from $289.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Loop Capital increased their target price on Costco Wholesale to $330.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Liberum Capital reaffirmed a “buy” rating on shares of Costco Wholesale in a research report on Monday, October 28th. BidaskClub lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Raymond James increased their target price on Costco Wholesale from $260.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th.
Shares of COST traded down $2.59 on Thursday, reaching $302.62. The stock had a trading volume of 1,501,500 shares, compared to its average volume of 1,980,943. The company has a quick ratio of 0.52, a current ratio of 1.01 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $131.54 billion, a PE ratio of 36.95, a PEG ratio of 4.09 and a beta of 0.93. The firm has a 50-day moving average of $294.80 and a 200 day moving average of $273.79. Costco Wholesale has a twelve month low of $189.51 and a twelve month high of $307.34.
Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, October 3rd. The retailer reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.15. The business had revenue of $47.50 billion for the quarter, compared to analyst estimates of $47.71 billion. Costco Wholesale had a return on equity of 25.00% and a net margin of 2.40%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company posted $2.36 EPS. On average, sell-side analysts anticipate that Costco Wholesale will post 8.61 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.65 dividend. The ex-dividend date is Thursday, October 31st. This represents a $2.60 annualized dividend and a yield of 0.86%. Costco Wholesale’s dividend payout ratio is currently 31.75%.
In other news, Director Susan L. Decker sold 333 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $297.50, for a total transaction of $99,067.50. Following the completion of the sale, the director now directly owns 41,470 shares in the company, valued at $12,337,325. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel M. Hines sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $298.46, for a total value of $1,492,300.00. Following the sale, the insider now owns 22,277 shares of the company’s stock, valued at $6,648,793.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,093 shares of company stock valued at $9,915,511. 0.21% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers grew its stake in shares of Costco Wholesale by 3.9% during the third quarter. Cetera Investment Advisers now owns 2,588 shares of the retailer’s stock valued at $743,000 after acquiring an additional 97 shares in the last quarter. WT Wealth Management acquired a new position in Costco Wholesale in the third quarter worth about $336,000. Lyell Wealth Management LP grew its stake in Costco Wholesale by 0.3% in the third quarter. Lyell Wealth Management LP now owns 22,127 shares of the retailer’s stock worth $6,375,000 after purchasing an additional 72 shares in the last quarter. Miracle Mile Advisors LLC grew its stake in Costco Wholesale by 112.6% in the third quarter. Miracle Mile Advisors LLC now owns 18,829 shares of the retailer’s stock worth $5,425,000 after purchasing an additional 9,973 shares in the last quarter. Finally, Goelzer Investment Management Inc. grew its stake in Costco Wholesale by 0.6% in the third quarter. Goelzer Investment Management Inc. now owns 17,198 shares of the retailer’s stock worth $4,955,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.
Costco Wholesale Company Profile
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.