Costco Wholesale Co. (NASDAQ:COST) VP Timothy L. Rose sold 12,000 shares of the business’s stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $184.46, for a total transaction of $2,213,520.00. Following the transaction, the vice president now owns 22,903 shares of the company’s stock, valued at $4,224,687.38. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Costco Wholesale Co. (NASDAQ:COST) traded down $1.80 during trading on Friday, reaching $180.84. 2,215,115 shares of the company’s stock traded hands, compared to its average volume of 2,599,939. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.44. The company has a market capitalization of $81,651.30, a P/E ratio of 27.34, a PEG ratio of 2.79 and a beta of 0.97. Costco Wholesale Co. has a 1-year low of $150.00 and a 1-year high of $199.88.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Wednesday, March 7th. The retailer reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.03). The business had revenue of $33 billion during the quarter, compared to the consensus estimate of $32.73 billion. Costco Wholesale had a return on equity of 24.74% and a net margin of 2.18%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 earnings per share. analysts predict that Costco Wholesale Co. will post 6.73 earnings per share for the current year.
A number of research analysts have recently commented on the stock. Vetr lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $200.28 price target for the company. in a research report on Monday, January 22nd. BMO Capital Markets set a $223.00 price target on shares of Costco Wholesale and gave the company a “buy” rating in a research report on Wednesday, January 24th. Oppenheimer restated a “buy” rating on shares of Costco Wholesale in a research report on Friday, December 15th. Susquehanna Bancshares boosted their price target on shares of Costco Wholesale from $205.00 to $215.00 and gave the company a “positive” rating in a research report on Friday, December 15th. Finally, Barclays restated a “buy” rating and set a $208.00 price target 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 assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $190.76.
A number of institutional investors have recently bought and sold shares of COST. Wealthcare Advisory Partners LLC bought a new position in shares of Costco Wholesale during the third quarter valued at about $102,000. Jacobus Wealth Management Inc. bought a new position in shares of Costco Wholesale during the third quarter valued at about $103,000. Assetmark Inc. raised its stake in shares of Costco Wholesale by 137.0% during the fourth quarter. Assetmark Inc. now owns 564 shares of the retailer’s stock valued at $105,000 after acquiring an additional 326 shares during the last quarter. Shamrock Asset Management LLC raised its stake in shares of Costco Wholesale by 171.3% during the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock valued at $109,000 after acquiring an additional 418 shares during the last quarter. Finally, Zions Bancorporation raised its stake in shares of Costco Wholesale by 148.4% during the third quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock valued at $113,000 after acquiring an additional 411 shares during the last quarter. 72.78% of the stock is owned by institutional investors and hedge funds.
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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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