Costco Wholesale Corp. (COST) Given Consensus Rating of “Buy” by Analysts
Costco Wholesale Corp. (NASDAQ:COST) has received an average recommendation of “Buy” from the twenty-nine ratings firms that are covering the stock. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, twenty have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $170.11.
Several equities analysts recently issued reports on the company. RBC Capital Markets restated an “outperform” rating and set a $178.00 price target (up from $177.00) on shares of Costco Wholesale Corp. in a research report on Friday, September 30th. Robert W. Baird set a $175.00 price target on Costco Wholesale Corp. and gave the stock a “buy” rating in a research report on Friday, September 23rd. Wells Fargo & Co. assumed coverage on Costco Wholesale Corp. in a research report on Tuesday, October 18th. They set a “market perform” rating and a $155.00 price target on the stock. They noted that the move was a valuation call. JPMorgan Chase & Co. restated a “buy” rating and set a $179.00 price target on shares of Costco Wholesale Corp. in a research report on Friday, August 5th. Finally, Deutsche Bank AG restated a “buy” rating on shares of Costco Wholesale Corp. in a research report on Thursday, November 3rd.
Shares of Costco Wholesale Corp. (NASDAQ:COST) traded down 0.68% during trading on Friday, reaching $150.17. The company’s stock had a trading volume of 1,224,979 shares. The stock’s 50 day moving average price is $149.12 and its 200-day moving average price is $155.34. The stock has a market cap of $65.64 billion, a price-to-earnings ratio of 28.17 and a beta of 0.85. 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 announced its quarterly earnings data on Thursday, September 29th. The retailer reported $1.77 EPS for the quarter, beating the consensus estimate 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%. Costco Wholesale Corp.’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.73 earnings per share. Equities analysts anticipate that Costco Wholesale Corp. will post $5.93 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 18th. Stockholders of record on Friday, November 4th will be given a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, November 2nd. This represents a $1.80 annualized dividend and a dividend yield of 1.19%. Costco Wholesale Corp.’s payout ratio is 33.71%.
In other news, VP Timothy L. Rose sold 4,000 shares of the business’s stock in a transaction dated Wednesday, October 12th. The stock was sold at an average price of $151.12, for a total value of $604,480.00. Following the transaction, the vice president now directly owns 51,045 shares in the company, valued at $7,713,920.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James D. Sinegal sold 20,114 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now owns 768,136 shares in the company, valued at $114,467,626.72. The disclosure for this sale can be found here. 0.78% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. FCM Investments TX acquired a new position in shares of Costco Wholesale Corp. during the second quarter valued at approximately $133,000. Global X Management Co. LLC increased its stake 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 worth $154,000 after buying an additional 722 shares in the last quarter. PineBridge Investments L.P. increased its stake 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 worth $169,000 after buying an additional 111 shares in the last quarter. Signaturefd LLC increased its stake in Costco Wholesale Corp. by 81.4% in the second quarter. Signaturefd LLC now owns 1,094 shares of the retailer’s stock worth $172,000 after buying an additional 491 shares in the last quarter. Finally, Peddock Capital Advisors LLC purchased a new stake in Costco Wholesale Corp. during the third quarter worth approximately $181,000. Institutional investors and hedge funds own 72.02% 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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