Costco Wholesale Co. Stock Rises 0% Following Same-Store Sales Report (NASDAQ:COST)
Costco Wholesale’s (NASDAQ:COST) same store sales rose 11.5% during the month of December. Costco Wholesale’s stock climbed by 0% in the first full-day of trading following the report.
Several analysts have commented on COST shares. Citigroup lifted their target price on shares of Costco Wholesale from $155.00 to $187.00 and gave the stock a “hold” rating in a research note on Friday, October 6th. Morgan Stanley cut shares of Costco Wholesale from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $190.00 to $165.00 in a research note on Friday, October 6th. Zacks Investment Research cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. Oppenheimer reissued a “buy” rating on shares of Costco Wholesale in a research note on Friday, October 20th. Finally, Wells Fargo & Co set a $170.00 price objective on shares of Costco Wholesale and gave the company a “hold” rating in a research note on Thursday, October 5th. Nine investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Costco Wholesale has a consensus rating of “Buy” and an average target price of $188.90.
In other Costco Wholesale news, VP Timothy L. Rose sold 5,000 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $193.20, for a total value of $966,000.00. Following the transaction, the vice president now owns 52,529 shares in the company, valued at approximately $10,148,602.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard A. Galanti sold 3,000 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $170.95, for a total transaction of $512,850.00. Following the completion of the transaction, the chief financial officer now owns 35,225 shares in the company, valued at approximately $6,021,713.75. The disclosure for this sale can be found here. Insiders sold a total of 87,027 shares of company stock worth $15,872,935 in the last quarter. 0.74% of the stock is currently owned by company insiders.
Costco Wholesale (COST) opened at $191.84 on Friday. Costco Wholesale has a 1-year low of $150.00 and a 1-year high of $195.35. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.98 and a quick ratio of 0.43. The company has a market cap of $84,250.00, a price-to-earnings ratio of 30.50, a price-to-earnings-growth ratio of 3.14 and a beta of 0.98.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.01. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The firm had revenue of $31.81 billion for the quarter, compared to analyst estimates of $31.01 billion. During the same quarter in the previous year, the business posted $1.24 EPS. The firm’s revenue was up 13.2% compared to the same quarter last year. equities analysts expect that Costco Wholesale will post 6.61 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of the business. Cadinha & Co. LLC raised its stake in shares of Costco Wholesale by 7.3% in the 2nd quarter. Cadinha & Co. LLC now owns 124,642 shares of the retailer’s stock valued at $19,934,000 after purchasing an additional 8,518 shares in the last quarter. Intersect Capital LLC raised its stake in shares of Costco Wholesale by 143.4% in the 2nd quarter. Intersect Capital LLC now owns 5,382 shares of the retailer’s stock valued at $861,000 after purchasing an additional 3,171 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in shares of Costco Wholesale in the 2nd quarter valued at about $1,985,000. Birch Hill Investment Advisors LLC raised its stake in shares of Costco Wholesale by 10.6% in the 1st quarter. Birch Hill Investment Advisors LLC now owns 169,232 shares of the retailer’s stock valued at $28,379,000 after purchasing an additional 16,155 shares in the last quarter. Finally, Capital Planning Advisors LLC raised its stake in shares of Costco Wholesale by 40.7% in the 1st quarter. Capital Planning Advisors LLC now owns 13,662 shares of the retailer’s stock valued at $2,291,000 after purchasing an additional 3,955 shares in the last quarter. Hedge funds and other institutional investors own 70.91% of the company’s stock.
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About Costco Wholesale
Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.
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