Costco Wholesale Co. (NASDAQ:COST) Director Richard M. Libenson sold 20,000 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $193.03, for a total value of $3,860,600.00. Following the sale, the director now owns 3,919 shares of the company’s stock, valued at approximately $756,484.57. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Costco Wholesale Co. (NASDAQ:COST) traded up $2.46 during midday trading on Friday, reaching $191.84. The company’s stock had a trading volume of 3,472,300 shares, compared to its average volume of 3,230,000. The stock has a market capitalization of $84,250.00, a price-to-earnings ratio of 30.50, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.57. Costco Wholesale Co. has a 52 week low of $150.00 and a 52 week high of $195.35.
Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.01. The company had revenue of $31.81 billion for the quarter, compared to analyst estimates of $31.01 billion. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.24 earnings per share. analysts predict that Costco Wholesale Co. will post 6.59 EPS for the current fiscal year.
Several equities research analysts have weighed in on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $195.00 price target on shares of Costco Wholesale in a research report on Friday. Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 price target on the stock in a research report on Friday. Vetr downgraded Costco Wholesale from a “strong-buy” rating to a “buy” rating and set a $183.04 price target on the stock. in a research report on Wednesday, September 27th. Oppenheimer restated a “buy” rating on shares of Costco Wholesale in a research report on Thursday, November 30th. Finally, Susquehanna Bancshares raised their target price on Costco Wholesale from $205.00 to $215.00 and gave the company a “positive” rating in a research report on Friday, December 15th. Nine investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $188.90.
Large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Costco Wholesale by 2.9% during the second quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock worth $5,380,168,000 after purchasing an additional 937,121 shares in the last quarter. BlackRock Inc. grew its stake in shares of Costco Wholesale by 2.9% during the second quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock worth $3,983,097,000 after purchasing an additional 703,825 shares in the last quarter. Capital World Investors grew its stake in shares of Costco Wholesale by 6.0% during the second quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock worth $2,843,102,000 after purchasing an additional 1,007,720 shares in the last quarter. FMR LLC grew its stake in shares of Costco Wholesale by 1.5% during the first quarter. FMR LLC now owns 12,099,104 shares of the retailer’s stock worth $2,028,898,000 after purchasing an additional 177,200 shares in the last quarter. Finally, Capital Research Global Investors grew its stake in shares of Costco Wholesale by 2.3% during the second quarter. Capital Research Global Investors now owns 9,281,245 shares of the retailer’s stock worth $1,484,350,000 after purchasing an additional 207,675 shares in the last quarter. Institutional investors and hedge funds own 70.91% of the company’s stock.
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Costco Wholesale Company Profile
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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