Costco Wholesale Corp. (NASDAQ:COST) has earned a consensus recommendation of “Buy” from the twenty-eight ratings firms that are presently covering the firm. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, eighteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $172.22.
A number of research analysts have recently commented on the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $180.00 target price on shares of Costco Wholesale Corp. in a research note on Monday. Vetr raised Costco Wholesale Corp. from a “buy” rating to a “strong-buy” rating in a research note on Monday. Guggenheim reissued a “neutral” rating on shares of Costco Wholesale Corp. in a research note on Saturday, October 8th. Cowen and Company reissued an “outperform” rating and issued a $170.00 price objective on shares of Costco Wholesale Corp. in a research note on Thursday, October 6th. Finally, Argus reissued a “buy” rating and issued a $175.00 price objective on shares of Costco Wholesale Corp. in a research note on Tuesday, October 4th.
In other Costco Wholesale Corp. news, Director James D. Sinegal sold 20,114 shares of the firm’s stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $149.02, for a total value of $2,997,388.28. Following the transaction, the director now directly owns 768,136 shares of the company’s stock, valued at approximately $114,467,626.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jill S. Ruckelshaus sold 7,442 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $167.10, for a total transaction of $1,243,558.20. Following the completion of the transaction, the director now directly owns 18,566 shares in the company, valued at $3,102,378.60. The disclosure for this sale can be found here. 0.78% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COST. UMB Bank N A MO raised its position in Costco Wholesale Corp. by 4.5% in the second quarter. UMB Bank N A MO now owns 167,058 shares of the retailer’s stock worth $26,235,000 after buying an additional 7,234 shares during the period. Comgest Global Investors S.A.S. raised its position in Costco Wholesale Corp. by 231.7% in the second quarter. Comgest Global Investors S.A.S. now owns 72,983 shares of the retailer’s stock worth $11,462,000 after buying an additional 50,983 shares during the period. Front Street Capital Management Inc. acquired a new position in Costco Wholesale Corp. during the second quarter worth $9,935,000. First Republic Investment Management Inc. raised its position in Costco Wholesale Corp. by 7.5% in the first quarter. First Republic Investment Management Inc. now owns 271,526 shares of the retailer’s stock worth $42,787,000 after buying an additional 18,866 shares during the period. Finally, Carret Asset Management LLC acquired a new position in Costco Wholesale Corp. during the second quarter worth $225,000. 73.11% of the stock is currently owned by institutional investors and hedge funds.
Costco Wholesale Corp. (NASDAQ:COST) traded up 0.17% on Friday, hitting $150.48. The stock had a trading volume of 1,032,231 shares. The firm has a market cap of $65.84 billion, a PE ratio of 28.23 and a beta of 0.71. The company has a 50-day moving average price of $153.52 and a 200 day moving average price of $156.10. Costco Wholesale Corp. has a 52-week low of $138.57 and a 52-week high of $169.73.
Costco Wholesale Corp. (NASDAQ:COST) last released its earnings results on Thursday, September 29th. The retailer reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.04. The firm had revenue of $35.73 billion for the quarter. Costco Wholesale Corp. had a return on equity of 20.26% and a net margin of 1.98%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.73 EPS. Equities analysts forecast that Costco Wholesale Corp. will post $5.95 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 18th. Investors of record on Friday, November 4th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.20%. The ex-dividend date is Wednesday, November 2nd. Costco Wholesale Corp.’s payout ratio is 33.71%.
About Costco Wholesale Corp.
Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico, Canada, United Kingdom (U.K.), Mexico, Japan, Australia, Spain, and through majority-owned subsidiaries in Taiwan and Korea. The Company operated 663 membership warehouses and an average warehouse is approximately 144,000 square feet.
Receive News & Ratings for Costco Wholesale Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale Corp. and related companies with MarketBeat.com's FREE daily email newsletter.