Shares of Costco Wholesale Co. (NASDAQ:COST – Get Free Report) have received an average recommendation of “Moderate Buy” from the twenty-seven ratings firms that are covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and twenty have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $580.93.
Several research analysts have commented on COST shares. BMO Capital Markets boosted their price objective on shares of Costco Wholesale from $600.00 to $612.00 and gave the company an “outperform” rating in a research report on Wednesday, September 27th. UBS Group increased their target price on shares of Costco Wholesale from $560.00 to $640.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Deutsche Bank Aktiengesellschaft raised their price objective on Costco Wholesale from $651.00 to $652.00 and gave the company a “buy” rating in a report on Wednesday, September 27th. Finally, VNET Group reissued a “reiterates” rating on shares of Costco Wholesale in a research note on Thursday, June 29th.
Check Out Our Latest Stock Report on Costco Wholesale
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in COST. High Net Worth Advisory Group LLC grew its stake in Costco Wholesale by 21.5% in the 1st quarter. High Net Worth Advisory Group LLC now owns 3,020 shares of the retailer’s stock valued at $1,501,000 after buying an additional 534 shares in the last quarter. Cascade Investment Group Inc. increased its stake in Costco Wholesale by 4.3% in the 2nd quarter. Cascade Investment Group Inc. now owns 1,604 shares of the retailer’s stock worth $864,000 after acquiring an additional 66 shares during the last quarter. Welch & Forbes LLC grew its holdings in shares of Costco Wholesale by 0.6% during the first quarter. Welch & Forbes LLC now owns 172,597 shares of the retailer’s stock worth $85,758,000 after purchasing an additional 1,091 shares in the last quarter. Fragasso Group Inc. increased its position in shares of Costco Wholesale by 12.6% in the second quarter. Fragasso Group Inc. now owns 626 shares of the retailer’s stock worth $337,000 after purchasing an additional 70 shares during the last quarter. Finally, Xponance Inc. lifted its position in Costco Wholesale by 8.6% during the first quarter. Xponance Inc. now owns 105,822 shares of the retailer’s stock valued at $52,580,000 after purchasing an additional 8,371 shares during the last quarter. Hedge funds and other institutional investors own 66.31% of the company’s stock.
Costco Wholesale Trading Down 0.6 %
Shares of NASDAQ:COST opened at $564.96 on Monday. The business’s 50 day simple moving average is $554.37 and its 200 day simple moving average is $525.58. The company has a market capitalization of $250.33 billion, a P/E ratio of 39.90, a P/E/G ratio of 4.07 and a beta of 0.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.07 and a quick ratio of 0.57. Costco Wholesale has a 1 year low of $447.90 and a 1 year high of $572.18.
Costco Wholesale (NASDAQ:COST – Get Free Report) last posted its quarterly earnings results on Tuesday, September 26th. The retailer reported $4.86 EPS for the quarter, beating analysts’ consensus estimates of $4.79 by $0.07. Costco Wholesale had a return on equity of 28.10% and a net margin of 2.60%. The business had revenue of $78.94 billion during the quarter, compared to the consensus estimate of $77.72 billion. During the same quarter in the previous year, the firm earned $4.20 earnings per share. Costco Wholesale’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, research analysts anticipate that Costco Wholesale will post 15.69 EPS for the current fiscal year.
Costco Wholesale Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 25th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Thursday, August 24th. Costco Wholesale’s dividend payout ratio is currently 28.81%.
Costco Wholesale Company Profile
(Get Free Report
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.
Further Reading
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