Costco Wholesale (COST) Stock Rating Reaffirmed by Jefferies Group
Costco Wholesale (NASDAQ:COST)‘s stock had its “hold” rating restated by Jefferies Group in a research note issued on Thursday. Jefferies Group also issued estimates for Costco Wholesale’s Q1 2018 earnings at $1.39 EPS, Q2 2018 earnings at $1.42 EPS, Q4 2018 earnings at $2.18 EPS, FY2018 earnings at $6.54 EPS, FY2019 earnings at $7.05 EPS, FY2020 earnings at $7.60 EPS, FY2021 earnings at $8.28 EPS and FY2022 earnings at $9.09 EPS.
Several other brokerages have also issued reports on COST. J P Morgan Chase & Co reissued a “buy” rating and set a $200.00 price objective on shares of Costco Wholesale in a report on Monday, December 4th. Moffett Nathanson assumed coverage on shares of Costco Wholesale in a report on Monday, December 4th. They set a “buy” rating on the stock. < Vetr lowered shares of Costco Wholesale from a “hold” rating to a “sell” rating and set a $175.44 price objective on the stock. in a report on Friday, December 1st. Oppenheimer reissued a “buy” rating on shares of Costco Wholesale in a report on Thursday, November 30th. Finally, Stifel Nicolaus lifted their price objective on shares of Costco Wholesale from $179.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, November 30th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Costco Wholesale currently has a consensus rating of “Buy” and a consensus target price of $183.46.
Costco Wholesale (NASDAQ:COST) opened at $192.73 on Thursday. The company has a market cap of $81,511.67, a P/E ratio of 31.04, a PEG ratio of 3.02 and a beta of 0.98. 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 0.59, a quick ratio of 0.43 and a current ratio of 0.99.
Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.01. The business had revenue of $31.81 billion for the quarter, compared to analyst estimates of $31.01 billion. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.41%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company posted $1.24 earnings per share. research analysts anticipate that Costco Wholesale will post 6.48 EPS for the current year.
In related news, insider John D. Mckay sold 8,111 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $172.78, for a total transaction of $1,401,418.58. Following the completion of the transaction, the insider now directly owns 66,751 shares in the company, valued at $11,533,237.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John W. Meisenbach sold 3,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $183.26, for a total transaction of $549,780.00. Following the transaction, the director now owns 8,654 shares of the company’s stock, valued at $1,585,932.04. The disclosure for this sale can be found here. Insiders have sold 32,842 shares of company stock valued at $5,520,848 over the last 90 days. 0.74% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Almanack Investment Partners LLC. purchased a new position in Costco Wholesale in the second quarter valued at $101,000. Wealthcare Advisory Partners LLC purchased a new position in Costco Wholesale in the third quarter valued at $102,000. Jacobus Wealth Management Inc. purchased a new position in Costco Wholesale in the third quarter valued at $103,000. Northwest Investment Counselors LLC purchased a new position in Costco Wholesale in the second quarter valued at $107,000. Finally, Shamrock Asset Management LLC increased its holdings in Costco Wholesale by 171.3% in the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock valued at $109,000 after buying an additional 418 shares in the last quarter. Institutional investors own 71.49% of the company’s stock.
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Costco Wholesale Company Profile
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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