By otakuyassine3@gmail.com 
Costco Wholesale (NASDAQ:COST – Free Report) had its price objective trimmed by Loop Capital from $1,150.00 to $1,045.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the retailer’s stock.
Several other equities analysts have also recently commented on the company. Robert W. Baird increased their target price on Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research note on Friday, April 4th. Stifel Nicolaus dropped their target price on shares of Costco Wholesale from $1,075.00 to $1,035.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. TD Cowen upped their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Morgan Stanley lifted their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Ten research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,024.03.
Check Out Our Latest Report on Costco Wholesale
Costco Wholesale Stock Performance
Costco Wholesale stock opened at $963.41 on Wednesday. Costco Wholesale has a 12-month low of $702.00 and a 12-month high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The company has a market capitalization of $427.45 billion, a price-to-earnings ratio of 56.57, a price-to-earnings-growth ratio of 6.15 and a beta of 0.95. The firm’s fifty day moving average price is $982.89 and its 200 day moving average price is $949.47.
Costco Wholesale (NASDAQ:COST – Get Free Report) last announced its earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). The business had revenue of $63.72 billion for the quarter, compared to analysts’ expectations of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. On average, research analysts forecast that Costco Wholesale will post 18.03 EPS for the current fiscal year.
Costco Wholesale Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.09%.
Insider Transactions at Costco Wholesale
In other Costco Wholesale news, EVP Claudine Adamo sold 900 shares of Costco Wholesale stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $922.56, for a total value of $830,304.00. Following the transaction, the executive vice president now owns 6,987 shares in the company, valued at approximately $6,445,926.72. The trade was a 11.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total value of $3,351,600.00. Following the completion of the transaction, the chief executive officer now owns 41,077 shares of the company’s stock, valued at $38,242,687. This trade represents a 8.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,600 shares of company stock valued at $5,215,915. Company insiders own 0.18% of the company’s stock.
Hedge Funds Weigh In On Costco Wholesale
Institutional investors and hedge funds have recently bought and sold shares of the business. Cromwell Holdings LLC raised its stake in Costco Wholesale by 0.9% in the fourth quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock valued at $1,048,000 after purchasing an additional 10 shares in the last quarter. 44 Wealth Management LLC grew its stake in Costco Wholesale by 0.3% during the fourth quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock worth $3,196,000 after buying an additional 10 shares in the last quarter. SRN Advisors LLC increased its holdings in Costco Wholesale by 0.3% in the 4th quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock valued at $2,823,000 after buying an additional 10 shares during the period. Miramar Capital LLC raised its position in shares of Costco Wholesale by 1.9% in the 4th quarter. Miramar Capital LLC now owns 525 shares of the retailer’s stock valued at $481,000 after buying an additional 10 shares in the last quarter. Finally, Clear Investment Research LLC lifted its holdings in shares of Costco Wholesale by 22.2% during the 4th quarter. Clear Investment Research LLC now owns 55 shares of the retailer’s stock worth $51,000 after acquiring an additional 10 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.
Costco Wholesale Company Profile
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.
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