Costco Wholesale Co. (NASDAQ:COST) has been assigned a consensus rating of “Buy” from the thirty ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and seventeen have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $180.57.
COST has been the subject of several analyst reports. Moffett Nathanson initiated coverage on shares of Costco Wholesale in a report on Monday, December 4th. They set a “buy” rating for the company. < Vetr upgraded shares of Costco Wholesale from a “buy” rating to a “strong-buy” rating and set a $182.22 price target for the company in a report on Monday, August 21st. Oppenheimer reiterated a “buy” rating on shares of Costco Wholesale in a report on Thursday, August 24th. Morgan Stanley cut shares of Costco Wholesale from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $190.00 to $165.00 in a report on Friday, October 6th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $200.00 price target on shares of Costco Wholesale in a report on Monday, September 25th.
In related news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $164.92, for a total value of $164,920.00. Following the completion of the sale, the director now owns 6,974 shares in the company, valued at approximately $1,150,152.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard M. Libenson sold 2,350 shares of the company’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $162.00, for a total transaction of $380,700.00. Following the completion of the sale, the director now owns 4,109 shares of the company’s stock, valued at approximately $665,658. The disclosure for this sale can be found here. Insiders have sold a total of 32,842 shares of company stock valued at $5,520,848 in the last 90 days. Insiders own 0.74% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. AXA raised its position in Costco Wholesale by 1.9% during the 3rd quarter. AXA now owns 704,782 shares of the retailer’s stock worth $115,788,000 after buying an additional 13,404 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Costco Wholesale during the 3rd quarter worth $3,624,000. Public Employees Retirement System of Ohio grew its stake in shares of Costco Wholesale by 0.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 302,465 shares of the retailer’s stock worth $49,692,000 after purchasing an additional 1,112 shares during the period. Orleans Capital Management Corp LA acquired a new position in shares of Costco Wholesale during the 3rd quarter worth $329,000. Finally, Daniel Devine & Co acquired a new position in shares of Costco Wholesale during the 3rd quarter worth $1,654,000. Hedge funds and other institutional investors own 71.49% of the company’s stock.
Shares of Costco Wholesale (NASDAQ COST) traded up $1.87 during mid-day trading on Thursday, hitting $188.07. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.43 and a current ratio of 0.99. The company has a market capitalization of $82,180.00, a price-to-earnings ratio of 32.31, a PEG ratio of 3.05 and a beta of 0.98. Costco Wholesale has a 52 week low of $150.00 and a 52 week high of $191.22.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.06. The firm had revenue of $42.30 billion during the quarter, compared to analysts’ expectations of $41.55 billion. Costco Wholesale had a net margin of 2.08% and a return on equity of 22.21%. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.77 earnings per share. equities analysts predict that Costco Wholesale will post 6.47 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, November 16th. This represents a $2.00 annualized dividend and a dividend yield of 1.06%. Costco Wholesale’s dividend payout ratio is presently 32.89%.
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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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