COST has been the topic of several recent analyst reports. Loop Capital decreased their price objective on shares of Costco Wholesale from $650.00 to $610.00 and set a “buy” rating on the stock in a report on Friday, May 27th. Truist Financial increased their price objective on shares of Costco Wholesale from $503.00 to $543.00 and gave the company a “buy” rating in a report on Friday, May 27th. Tigress Financial increased their price objective on shares of Costco Wholesale from $520.00 to $678.00 in a report on Thursday, April 14th. BMO Capital Markets reissued a “buy” rating and issued a $580.00 price target on shares of Costco Wholesale in a research note on Monday, May 30th. Finally, Robert W. Baird decreased their price target on shares of Costco Wholesale from $600.00 to $560.00 and set an “outperform” rating on the stock in a research note on Friday, May 27th. Six investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $569.56.
In other Costco Wholesale news, EVP Claudine Adamo sold 500 shares of Costco Wholesale stock in a transaction dated Friday, April 8th. The shares were sold at an average price of $602.03, for a total transaction of $301,015.00. Following the completion of the sale, the executive vice president now directly owns 9,939 shares in the company, valued at $5,983,576.17. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel M. Hines sold 4,498 shares of Costco Wholesale stock in a transaction dated Friday, April 8th. The shares were sold at an average price of $603.00, for a total transaction of $2,712,294.00. Following the sale, the insider now owns 13,108 shares of the company’s stock, valued at $7,904,124. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,498 shares of company stock valued at $6,438,469. Company insiders own 0.22% of the company’s stock.
Costco Wholesale (NASDAQ:COST – Get Rating) last announced its quarterly earnings data on Thursday, May 26th. The retailer reported $3.04 earnings per share for the quarter, beating analysts’ consensus estimates of $3.03 by $0.01. The firm had revenue of $52.60 billion during the quarter, compared to analysts’ expectations of $51.49 billion. Costco Wholesale had a net margin of 2.60% and a return on equity of 29.71%. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.75 earnings per share. On average, research analysts forecast that Costco Wholesale will post 13.02 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 13th. Investors of record on Friday, April 29th were issued a $0.90 dividend. The ex-dividend date of this dividend was Thursday, April 28th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.76%. This is a boost from Costco Wholesale’s previous quarterly dividend of $0.79. Costco Wholesale’s payout ratio is 28.35%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Costco Wholesale by 7.9% during the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,117 shares of the retailer’s stock worth $2,370,000 after acquiring an additional 300 shares in the last quarter. Mathes Company Inc. grew its holdings in Costco Wholesale by 44.7% during the 1st quarter. Mathes Company Inc. now owns 2,265 shares of the retailer’s stock worth $1,304,000 after acquiring an additional 700 shares in the last quarter. Offit Capital Advisors LLC grew its holdings in Costco Wholesale by 2.4% during the 1st quarter. Offit Capital Advisors LLC now owns 3,903 shares of the retailer’s stock worth $2,248,000 after acquiring an additional 92 shares in the last quarter. American Trust grew its holdings in Costco Wholesale by 8.6% during the 1st quarter. American Trust now owns 13,781 shares of the retailer’s stock worth $7,935,000 after acquiring an additional 1,094 shares in the last quarter. Finally, Peachtree Investment Partners LLC grew its holdings in Costco Wholesale by 32.5% during the 1st quarter. Peachtree Investment Partners LLC now owns 17,665 shares of the retailer’s stock worth $10,173,000 after acquiring an additional 4,335 shares in the last quarter. Institutional investors own 67.52% of the company’s stock.
Costco Wholesale Company Profile (Get Rating)
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.
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