Costco Wholesale Co. (NASDAQ:COST) insider W Craig Jelinek sold 22,500 shares of the stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $223.52, for a total value of $5,029,200.00. Following the transaction, the insider now directly owns 322,958 shares of the company’s stock, valued at $72,187,572.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Costco Wholesale stock opened at $228.63 on Thursday. Costco Wholesale Co. has a one year low of $159.72 and a one year high of $245.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.46. The firm has a market capitalization of $95.61 billion, a PE ratio of 33.47, a P/E/G ratio of 2.84 and a beta of 0.95.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, October 4th. The retailer reported $2.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.34 by $0.02. Costco Wholesale had a return on equity of 24.67% and a net margin of 2.21%. The company had revenue of $44.41 billion for the quarter, compared to the consensus estimate of $44.17 billion. During the same quarter last year, the business posted $2.08 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. Analysts anticipate that Costco Wholesale Co. will post 7.7 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of COST. WINTON GROUP Ltd raised its position in shares of Costco Wholesale by 63.1% in the first quarter. WINTON GROUP Ltd now owns 2,984 shares of the retailer’s stock worth $562,000 after buying an additional 1,155 shares in the last quarter. Washington Trust Bank raised its position in shares of Costco Wholesale by 1.0% in the second quarter. Washington Trust Bank now owns 52,476 shares of the retailer’s stock worth $10,966,000 after buying an additional 505 shares in the last quarter. Gulf International Bank UK Ltd raised its position in shares of Costco Wholesale by 3.0% in the second quarter. Gulf International Bank UK Ltd now owns 142,538 shares of the retailer’s stock worth $29,787,000 after buying an additional 4,085 shares in the last quarter. DnB Asset Management AS raised its position in shares of Costco Wholesale by 9.2% in the second quarter. DnB Asset Management AS now owns 69,802 shares of the retailer’s stock worth $14,587,000 after buying an additional 5,900 shares in the last quarter. Finally, IFM Investors Pty Ltd raised its position in shares of Costco Wholesale by 45.8% in the second quarter. IFM Investors Pty Ltd now owns 19,819 shares of the retailer’s stock worth $4,142,000 after buying an additional 6,227 shares in the last quarter. Institutional investors own 71.49% of the company’s stock.
Several equities analysts have weighed in on the company. BidaskClub raised Costco Wholesale from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 23rd. Wells Fargo & Co increased their price objective on Costco Wholesale from $220.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, July 12th. Cowen reissued a “buy” rating and set a $240.00 price objective on shares of Costco Wholesale in a report on Friday, August 10th. Telsey Advisory Group increased their price objective on Costco Wholesale from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Tuesday, August 7th. Finally, Loop Capital raised their price target on Costco Wholesale to $235.00 and gave the stock a “buy” rating in a report on Wednesday, July 11th. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Costco Wholesale presently has a consensus rating of “Buy” and a consensus price target of $237.94.
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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