Costco Wholesale Corp. (NASDAQ:COST) – Stock analysts at Oppenheimer Holdings reduced their Q1 2017 EPS estimates for Costco Wholesale Corp. in a research report issued on Friday. Oppenheimer Holdings analyst B. Nagel now anticipates that the firm will post earnings of $1.16 per share for the quarter, down from their prior estimate of $1.17. Oppenheimer Holdings currently has a “Outperform” rating and a $175.00 price target on the stock. Oppenheimer Holdings also issued estimates for Costco Wholesale Corp.’s FY2017 earnings at $5.94 EPS.

Several other research analysts have also recently weighed in on COST. Robert W. Baird set a $175.00 price target on shares of Costco Wholesale Corp. and gave the company a “buy” rating in a report on Friday, September 23rd. RBC Capital Markets reaffirmed an “outperform” rating and issued a $178.00 target price (up previously from $177.00) on shares of Costco Wholesale Corp. in a research report on Friday, September 30th. Wells Fargo & Co. started coverage on Costco Wholesale Corp. in a research report on Tuesday, October 18th. They issued a “market perform” rating and a $155.00 target price on the stock. They noted that the move was a valuation call. Barclays PLC set a $158.00 target price on Costco Wholesale Corp. and gave the stock a “hold” rating in a research note on Sunday, October 2nd. Finally, Cowen and Company reiterated an “outperform” rating and set a $170.00 target price on shares of Costco Wholesale Corp. in a research note on Thursday, October 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Costco Wholesale Corp. has an average rating of “Buy” and a consensus price target of $172.11.

Earnings History and Estimates for Costco Wholesale Corp. (NASDAQ:COST)

Shares of Costco Wholesale Corp. (NASDAQ:COST) opened at 149.36 on Monday. The company’s 50-day moving average price is $149.10 and its 200-day moving average price is $155.30. Costco Wholesale Corp. has a 12-month low of $138.57 and a 12-month high of $169.73. The firm has a market capitalization of $65.29 billion, a PE ratio of 28.02 and a beta of 0.85.

Costco Wholesale Corp. (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 29th. The retailer reported $1.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.04. Costco Wholesale Corp. had a return on equity of 20.26% and a net margin of 1.98%. The firm earned $35.73 billion during the quarter. During the same period in the prior year, the business earned $1.73 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 18th. Investors of record on Friday, November 4th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.21%. The ex-dividend date is Wednesday, November 2nd. Costco Wholesale Corp.’s dividend payout ratio is currently 33.71%.

In other news, Director John W. Meisenbach sold 5,737 shares of Costco Wholesale Corp. stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $167.74, for a total value of $962,324.38. Following the completion of the transaction, the director now directly owns 4,652 shares of the company’s stock, valued at approximately $780,326.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Richard A. Galanti sold 1,930 shares of Costco Wholesale Corp. stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $143.53, for a total value of $277,012.90. Following the completion of the transaction, the vice president now directly owns 36,650 shares of the company’s stock, valued at $5,260,374.50. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FCM Investments TX acquired a new position in Costco Wholesale Corp. during the second quarter valued at $133,000. Global X Management Co. LLC raised its position in Costco Wholesale Corp. by 276.6% in the second quarter. Global X Management Co. LLC now owns 983 shares of the retailer’s stock valued at $154,000 after buying an additional 722 shares during the period. PineBridge Investments L.P. raised its position in Costco Wholesale Corp. by 11.5% in the second quarter. PineBridge Investments L.P. now owns 1,078 shares of the retailer’s stock valued at $169,000 after buying an additional 111 shares during the period. Signaturefd LLC raised its position in Costco Wholesale Corp. by 81.4% in the second quarter. Signaturefd LLC now owns 1,094 shares of the retailer’s stock valued at $172,000 after buying an additional 491 shares during the period. Finally, Peddock Capital Advisors LLC acquired a new position in Costco Wholesale Corp. during the third quarter valued at $181,000. 72.02% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:COST

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