Costco Wholesale Co. (NASDAQ:COST) CFO Richard A. Galanti sold 1,984 shares of Costco Wholesale stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $302.80, for a total value of $600,755.20. Following the transaction, the chief financial officer now directly owns 26,165 shares of the company’s stock, valued at approximately $7,922,762. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
COST stock traded up $2.32 during trading on Wednesday, hitting $302.82. The stock had a trading volume of 113,762 shares, compared to its average volume of 1,975,191. The company’s 50 day moving average price is $295.68 and its two-hundred day moving average price is $274.64. Costco Wholesale Co. has a 1-year low of $189.51 and a 1-year high of $307.34. The stock has a market cap of $133.05 billion, a price-to-earnings ratio of 36.97, a price-to-earnings-growth ratio of 4.13 and a beta of 0.93. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.52 and a current ratio of 1.01.
Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, October 3rd. The retailer reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.15. Costco Wholesale had a net margin of 2.40% and a return on equity of 25.00%. The firm had revenue of $47.50 billion during the quarter, compared to the consensus estimate of $47.71 billion. During the same quarter in the previous year, the company posted $2.36 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, sell-side analysts forecast that Costco Wholesale Co. will post 8.62 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the stock. Krane Funds Advisors LLC acquired a new position in shares of Costco Wholesale during the 2nd quarter valued at about $26,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Costco Wholesale during the 2nd quarter valued at about $27,000. Horan Capital Advisors LLC. acquired a new position in shares of Costco Wholesale during the 3rd quarter valued at about $31,000. Cerebellum GP LLC acquired a new position in shares of Costco Wholesale during the 3rd quarter valued at about $32,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of Costco Wholesale by 164.3% during the 3rd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 111 shares of the retailer’s stock valued at $32,000 after acquiring an additional 69 shares during the last quarter. 71.14% of the stock is owned by hedge funds and other institutional investors.
COST has been the subject of several research reports. Edward Jones downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. BidaskClub downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Wells Fargo & Co lifted their price target on Costco Wholesale from $240.00 to $290.00 and gave the stock a “market perform” rating in a research note on Friday, September 6th. JPMorgan Chase & Co. lifted their price target on Costco Wholesale from $271.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Finally, Liberum Capital reaffirmed a “buy” rating on shares of Costco Wholesale in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have given a buy rating to the company. Costco Wholesale has a consensus rating of “Buy” and a consensus price target of $295.57.
Costco Wholesale Company Profile
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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