Costco Wholesale Corp.’s (NASDAQ:COST) same store sales fell 2% in the month of September. The company missed analysts’ expectations of a 0% year-over-year increase in sales. Costco Wholesale Corp.’s shares climbed by 4.9% in the first full-day of trading following the news.

Several brokerages recently commented on COST. Deutsche Bank AG reiterated a “buy” rating on shares of Costco Wholesale Corp. in a report on Sunday, July 10th. Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $175.00 price target on shares of Costco Wholesale Corp. in a report on Saturday, July 9th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Costco Wholesale Corp. in a report on Saturday, July 9th. Nomura set a $185.00 price target on shares of Costco Wholesale Corp. and gave the company a “buy” rating in a report on Saturday, October 1st. Finally, Cowen and Company set a $170.00 price target on shares of Costco Wholesale Corp. and gave the company a “buy” rating in a report on Sunday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $172.74.

In other news, EVP John D. Mckay sold 7,500 shares of Costco Wholesale Corp. stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $166.58, for a total value of $1,249,350.00. Following the sale, the executive vice president now owns 58,535 shares in the company, valued at $9,750,760.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Douglas W. Schutt sold 14,656 shares of Costco Wholesale Corp. stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $166.76, for a total transaction of $2,444,034.56. Following the completion of the sale, the vice president now owns 40,184 shares in the company, valued at approximately $6,701,083.84. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by insiders.

Costco Wholesale Corp. (NASDAQ:COST) opened at 149.98 on Thursday. Costco Wholesale Corp. has a 1-year low of $138.57 and a 1-year high of $169.73. The stock has a 50 day moving average of $156.53 and a 200 day moving average of $156.26. The stock has a market capitalization of $65.62 billion, a P/E ratio of 28.14 and a beta of 0.71.

Costco Wholesale Corp. (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 29th. The retailer reported $1.77 EPS for the quarter, beating the consensus estimate of $1.73 by $0.04. Costco Wholesale Corp. had a net margin of 1.98% and a return on equity of 20.26%. The firm earned $35.73 billion during the quarter. During the same quarter last year, the company earned $1.73 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts expect that Costco Wholesale Corp. will post $5.95 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC increased its stake in Costco Wholesale Corp. by 2.6% in the first quarter. Fisher Asset Management LLC now owns 3,915 shares of the retailer’s stock valued at $600,000 after buying an additional 101 shares during the period. OLD National Bancorp IN increased its position in shares of Costco Wholesale Corp. by 0.3% in the first quarter. OLD National Bancorp IN now owns 143,352 shares of the retailer’s stock worth $22,589,000 after buying an additional 364 shares during the last quarter. Murphy Pohlad Asset Management LLC increased its position in shares of Costco Wholesale Corp. by 11.6% in the first quarter. Murphy Pohlad Asset Management LLC now owns 1,930 shares of the retailer’s stock worth $304,000 after buying an additional 200 shares during the last quarter. Lodestar Investment Counsel LLC IL increased its position in shares of Costco Wholesale Corp. by 143.5% in the first quarter. Lodestar Investment Counsel LLC IL now owns 5,370 shares of the retailer’s stock worth $846,000 after buying an additional 3,165 shares during the last quarter. Finally, Douglas Lane & Associates LLC purchased a new position in shares of Costco Wholesale Corp. during the first quarter worth approximately $1,359,000. Hedge funds and other institutional investors own 73.02% of the company’s stock.

Costco Wholesale Corp. Company Profile

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.

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