Costco Wholesale Co. (NASDAQ:COST) Receives Average Rating of “Hold” from Analysts

Costco Wholesale Co. (NASDAQ:COST) has received a consensus rating of “Hold” from the thirty research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $296.64.

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price target on Costco Wholesale from $271.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Stifel Nicolaus increased their price objective on Costco Wholesale from $289.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Morgan Stanley raised their target price on Costco Wholesale from $230.00 to $265.00 and gave the company an “equal weight” rating in a report on Friday, October 4th. They noted that the move was a valuation call. Bank of America lifted their target price on Costco Wholesale from $310.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, Edward Jones cut Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th.

In other Costco Wholesale news, VP Paul G. Moulton sold 5,976 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $298.06, for a total value of $1,781,206.56. Following the completion of the transaction, the vice president now owns 36,010 shares in the company, valued at approximately $10,733,140.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard A. Galanti sold 1,984 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $302.80, for a total value of $600,755.20. Following the sale, the chief financial officer now directly owns 26,165 shares of the company’s stock, valued at $7,922,762. The disclosure for this sale can be found here. In the last three months, insiders sold 36,780 shares of company stock worth $11,032,292. Insiders own 0.21% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Krane Funds Advisors LLC bought a new position in Costco Wholesale during the second quarter valued at $26,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Costco Wholesale in the second quarter valued at $27,000. Horan Capital Advisors LLC. bought a new position in shares of Costco Wholesale during the 3rd quarter worth $31,000. Cerebellum GP LLC bought a new position in shares of Costco Wholesale during the 3rd quarter worth $32,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA grew 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 worth $32,000 after acquiring an additional 69 shares during the period. Institutional investors own 70.38% of the company’s stock.

COST traded up $1.84 during trading on Monday, hitting $294.95. 1,425,160 shares of the company’s stock were exchanged, compared to its average volume of 1,959,289. Costco Wholesale has a fifty-two week low of $189.51 and a fifty-two week high of $307.34. The stock has a market cap of $129.67 billion, a P/E ratio of 36.01, a PEG ratio of 4.12 and a beta of 0.91. The business’s 50 day moving average is $299.70 and its two-hundred day moving average is $281.29. The company has a quick ratio of 0.52, a current ratio of 1.01 and a debt-to-equity ratio of 0.33.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, October 3rd. The retailer reported $2.69 EPS for the quarter, topping 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 company had revenue of $47.50 billion during the quarter, compared to the consensus estimate of $47.71 billion. During the same period in the previous year, the firm posted $2.36 earnings per share. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, sell-side analysts forecast that Costco Wholesale will post 8.56 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.65 dividend. The ex-dividend date was Thursday, October 31st. This represents a $2.60 annualized dividend and a yield of 0.88%. Costco Wholesale’s dividend payout ratio is currently 31.75%.

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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Analyst Recommendations for Costco Wholesale (NASDAQ:COST)

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