NN Investment Partners Holdings N.V. Grows Stake in Costco Wholesale Co. (NASDAQ:COST)
NN Investment Partners Holdings N.V. grew its position in Costco Wholesale Co. (NASDAQ:COST) by 1.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 208,132 shares of the retailer’s stock after purchasing an additional 2,256 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Costco Wholesale were worth $73,363,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in COST. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Costco Wholesale during the third quarter valued at $8,400,000. Kathmere Capital Management LLC purchased a new stake in Costco Wholesale in the third quarter valued at $89,000. Brinker Capital Investments LLC boosted its holdings in Costco Wholesale by 88.3% in the third quarter. Brinker Capital Investments LLC now owns 6,700 shares of the retailer’s stock valued at $2,379,000 after purchasing an additional 3,141 shares during the last quarter. Sei Investments Co. boosted its holdings in Costco Wholesale by 10.9% in the third quarter. Sei Investments Co. now owns 268,768 shares of the retailer’s stock valued at $95,259,000 after purchasing an additional 26,333 shares during the last quarter. Finally, Rockland Trust Co. boosted its holdings in Costco Wholesale by 4.7% in the fourth quarter. Rockland Trust Co. now owns 3,872 shares of the retailer’s stock valued at $1,459,000 after purchasing an additional 174 shares during the last quarter. 67.21% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have commented on COST shares. Robert W. Baird lowered their price target on shares of Costco Wholesale from $410.00 to $395.00 and set an “outperform” rating on the stock in a report on Thursday, March 11th. Stifel Nicolaus upped their price objective on shares of Costco Wholesale from $370.00 to $385.00 and gave the stock a “buy” rating in a research report on Wednesday, April 14th. Loop Capital decreased their price objective on shares of Costco Wholesale from $425.00 to $380.00 and set a “buy” rating for the company in a research report on Friday, March 5th. They noted that the move was a valuation call. Oppenheimer upped their price objective on shares of Costco Wholesale from $370.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 14th. Finally, Telsey Advisory Group upped their price objective on shares of Costco Wholesale from $375.00 to $390.00 and gave the stock an “outperform” rating in a research report on Monday. Seven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Costco Wholesale presently has a consensus rating of “Buy” and a consensus target price of $387.42.
Shares of Costco Wholesale stock traded down $2.58 during mid-day trading on Tuesday, hitting $376.74. The stock had a trading volume of 57,470 shares, compared to its average volume of 2,805,326. The firm has a 50-day moving average of $356.61 and a two-hundred day moving average of $361.97. Costco Wholesale Co. has a 12-month low of $293.84 and a 12-month high of $393.15. The company has a quick ratio of 0.53, a current ratio of 0.98 and a debt-to-equity ratio of 0.49. The firm has a market cap of $166.72 billion, a P/E ratio of 38.94, a price-to-earnings-growth ratio of 4.17 and a beta of 0.66.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Wednesday, March 3rd. The retailer reported $2.14 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($0.31). Costco Wholesale had a net margin of 2.50% and a return on equity of 24.50%. The firm had revenue of $44.77 billion during the quarter, compared to analysts’ expectations of $43.71 billion. During the same period last year, the company earned $2.10 EPS. The business’s quarterly revenue was up 14.6% on a year-over-year basis. Sell-side analysts expect that Costco Wholesale Co. will post 9.95 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 14th. Investors of record on Friday, April 30th will be given a dividend of $0.79 per share. The ex-dividend date is Thursday, April 29th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.84%. This is a boost from Costco Wholesale’s previous quarterly dividend of $0.70. Costco Wholesale’s dividend payout ratio (DPR) is presently 35.71%.
Costco Wholesale Company Profile
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.
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