Costco Wholesale’s (NASDAQ:COST) same-store sales rose 10.5% in the month of February. Costco Wholesale’s shares rose by 0% in the first day of trading following the report.
A number of equities research analysts have recently issued reports on the company. Vetr lowered Costco Wholesale from a “buy” rating to a “hold” rating and set a $200.28 target price on the stock. in a research report on Monday, January 22nd. BMO Capital Markets set a $223.00 target price on Costco Wholesale and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Oppenheimer reaffirmed a “buy” rating on shares of Costco Wholesale in a research report on Friday, December 15th. Susquehanna Bancshares upped their target price on Costco Wholesale from $205.00 to $215.00 and gave the stock a “positive” rating in a research report on Friday, December 15th. Finally, Barclays reaffirmed a “buy” rating and issued a $208.00 target price on shares of Costco Wholesale in a research report on Tuesday, December 19th. Nine analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $190.76.
In related news, Director John W. Meisenbach sold 3,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $187.23, for a total transaction of $561,690.00. Following the completion of the sale, the director now owns 8,654 shares in the company, valued at approximately $1,620,288.42. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Timothy L. Rose sold 5,000 shares of the stock in a transaction that occurred 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 sale, the vice president now owns 52,529 shares of the company’s stock, valued at approximately $10,148,602.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,185 shares of company stock valued at $20,583,577. 0.74% of the stock is owned by corporate insiders.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Wednesday, March 7th. The retailer reported $1.42 EPS for the quarter, missing the Zacks’ consensus estimate of $1.45 by ($0.03). Costco Wholesale had a return on equity of 24.74% and a net margin of 2.18%. The firm had revenue of $33 billion during the quarter, compared to the consensus estimate of $32.73 billion. During the same quarter in the prior year, the business posted $1.17 EPS. Costco Wholesale’s revenue was up 10.8% compared to the same quarter last year. equities analysts forecast that Costco Wholesale will post 6.8 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 16th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.06%. Costco Wholesale’s dividend payout ratio is currently 30.58%.
Hedge funds have recently made changes to their positions in the business. AXA increased its holdings in Costco Wholesale by 1.9% during the 3rd quarter. AXA now owns 704,782 shares of the retailer’s stock valued at $115,788,000 after purchasing an additional 13,404 shares in the last quarter. State of Wisconsin Investment Board lifted its holdings in Costco Wholesale by 3.2% during the third quarter. State of Wisconsin Investment Board now owns 511,728 shares of the retailer’s stock worth $84,072,000 after acquiring an additional 16,066 shares in the last quarter. Synovus Financial Corp lifted its holdings in Costco Wholesale by 40.3% during the third quarter. Synovus Financial Corp now owns 21,611 shares of the retailer’s stock worth $3,542,000 after acquiring an additional 6,211 shares in the last quarter. KCS Wealth Advisory bought a new position in Costco Wholesale during the fourth quarter worth about $1,110,000. Finally, Moors & Cabot Inc. lifted its holdings in Costco Wholesale by 167.6% during the second quarter. Moors & Cabot Inc. now owns 17,278 shares of the retailer’s stock worth $2,763,000 after acquiring an additional 10,821 shares in the last quarter. Institutional investors own 71.88% 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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