Robinhood Asset Management LLC Acquires New Shares in Costco Wholesale Corporation $COST

Robinhood Asset Management LLC acquired a new stake in shares of Costco Wholesale Corporation (NASDAQ:COST) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 544 shares of the retailer’s stock, valued at approximately $469,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in COST. Hurley Capital LLC boosted its position in Costco Wholesale by 120.0% during the 3rd quarter. Hurley Capital LLC now owns 33 shares of the retailer’s stock valued at $31,000 after purchasing an additional 18 shares during the period. Abich Financial Wealth Management LLC acquired a new position in Costco Wholesale during the 3rd quarter valued at approximately $34,000. Collier Financial acquired a new position in Costco Wholesale during the 3rd quarter valued at approximately $35,000. AXS Investments LLC bought a new stake in Costco Wholesale during the 3rd quarter valued at $36,000. Finally, Imprint Wealth LLC bought a new stake in Costco Wholesale during the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on COST. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $1,155.00 target price on shares of Costco Wholesale in a research note on Monday, February 9th. Robert W. Baird set a $1,100.00 target price on Costco Wholesale in a research note on Thursday, February 5th. Roth Mkm reaffirmed a “sell” rating on shares of Costco Wholesale in a research note on Wednesday, February 4th. HSBC cut their target price on Costco Wholesale from $1,060.00 to $1,045.00 and set a “hold” rating on the stock in a research note on Friday, December 12th. Finally, Mizuho lifted their target price on Costco Wholesale from $1,000.00 to $1,065.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Twenty-two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,039.13.

Costco Wholesale Stock Up 0.4%

COST opened at $1,018.55 on Tuesday. Costco Wholesale Corporation has a one year low of $844.06 and a one year high of $1,067.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.06. The stock’s fifty day moving average is $990.50 and its 200-day moving average is $940.81. The company has a market capitalization of $451.88 billion, a PE ratio of 52.97, a P/E/G ratio of 5.01 and a beta of 0.99.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, March 5th. The retailer reported $4.58 EPS for the quarter, topping analysts’ consensus estimates of $4.55 by $0.03. Costco Wholesale had a return on equity of 28.57% and a net margin of 2.99%.The company had revenue of $69.60 billion for the quarter, compared to the consensus estimate of $68.96 billion. During the same quarter in the previous year, the business earned $4.02 EPS. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.5%. Costco Wholesale’s payout ratio is 27.04%.

Insider Activity at Costco Wholesale

In other news, EVP James C. Klauer sold 1,500 shares of the business’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $939.00, for a total transaction of $1,408,500.00. Following the sale, the executive vice president directly owned 44,837 shares of the company’s stock, valued at $42,101,943. The trade was a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Susan L. Decker sold 458 shares of the business’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $955.00, for a total value of $437,390.00. Following the sale, the director directly owned 8,532 shares in the company, valued at $8,148,060. This trade represents a 5.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,038 shares of company stock valued at $4,790,896 over the last ninety days. Company insiders own 0.10% of the company’s stock.

Costco Wholesale Profile

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.