Costco Wholesale Co. (NASDAQ:COST) Director Susan L. Decker sold 2,350 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $240.00, for a total value of $564,000.00. Following the sale, the director now owns 46,239 shares of the company’s stock, valued at $11,097,360. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

COST traded up $1.72 during trading on Thursday, hitting $241.13. The company had a trading volume of 38,918 shares, compared to its average volume of 2,484,222. The stock has a market capitalization of $105.99 billion, a P/E ratio of 35.28, a P/E/G ratio of 3.40 and a beta of 0.94. Costco Wholesale Co. has a one year low of $180.94 and a one year high of $245.16. The company has a current ratio of 0.96, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, March 7th. The retailer reported $2.01 EPS for the quarter, beating the consensus estimate of $1.67 by $0.34. The business had revenue of $35.40 billion for the quarter. Costco Wholesale had a net margin of 2.34% and a return on equity of 25.53%. During the same period in the prior year, the firm posted $1.59 earnings per share. On average, equities research analysts predict that Costco Wholesale Co. will post 7.9 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Lenox Wealth Management Inc. lifted its position in Costco Wholesale by 125.9% during the 4th quarter. Lenox Wealth Management Inc. now owns 122 shares of the retailer’s stock worth $25,000 after buying an additional 68 shares in the last quarter. Csenge Advisory Group bought a new stake in Costco Wholesale during the 3rd quarter worth about $29,000. ERTS Wealth Advisors LLC bought a new stake in Costco Wholesale during the 4th quarter worth about $30,000. Arbor Wealth Management LLC bought a new stake in Costco Wholesale during the 4th quarter worth about $33,000. Finally, PRW Wealth Management LLC bought a new stake in Costco Wholesale during the 4th quarter worth about $36,000. 72.19% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently weighed in on the stock. TheStreet lowered shares of Costco Wholesale from an “a” rating to a “c” rating in a report on Wednesday, January 16th. Raymond James boosted their price target on shares of Costco Wholesale from $240.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, March 8th. Morgan Stanley set a $220.00 price target on shares of Costco Wholesale and gave the company a “hold” rating in a report on Friday, March 8th. Bank of America reissued a “buy” rating and issued a $255.00 price target on shares of Costco Wholesale in a report on Friday, December 14th. Finally, Wells Fargo & Co decreased their price target on shares of Costco Wholesale from $235.00 to $220.00 and set a “market perform” rating for the company in a report on Friday, December 14th. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $244.57.

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About Costco Wholesale

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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