Costco Wholesale brand” title=”Costco Wholesale brand” class=”companylogo”/>Costco Wholesale (NASDAQ:COST) had its price goal lifted by stock analysts at Wells Fargo & Firm from $320.00 to $360.00 in a analysis observe issued on Thursday, The Fly experiences. The agency at present has an “equal weight” ranking on the retailer’s stock. Wells Fargo & Firm’s price goal points to a possible draw back of 4.50% from the stock’s earlier shut.
Quite a few different analysis companies have additionally just lately commented on COST. Cowen upped their goal price on Costco Wholesale from $370.00 to $410.00 in a analysis observe on Wednesday, September 2nd. Raymond James upped their goal price on Costco Wholesale from $365.00 to $405.00 and gave the corporate an “outperform” ranking in a analysis observe on Friday, November 13th. Oppenheimer upped their goal price on Costco Wholesale from $380.00 to $400.00 and gave the corporate an “outperform” ranking in a analysis observe on Thursday, September third. Robert W. Baird upped their goal price on Costco Wholesale from $375.00 to $410.00 and gave the corporate an “outperform” ranking in a analysis observe on Wednesday, November 4th. Lastly, CSFB upped their goal price on Costco Wholesale from $328.00 to $370.00 and gave the corporate a “impartial” ranking in a analysis observe on Tuesday, October sixth. Eleven equities analysis analysts have rated the stock with a maintain ranking and twenty-one have assigned a purchase ranking to the stock. The corporate presently has a median ranking of “Purchase” and a median goal price of $383.68.
NASDAQ COST traded down $6.55 throughout buying and selling hours on Thursday, hitting $376.95. 37,489 shares of the corporate had been exchanged, in comparison with its common quantity of two,087,755. The stock has a 50-day shifting common price of $377.72 and a 200 day shifting common price of $340.14. The corporate has a fast ratio of 0.64, a present ratio of 1.13 and a debt-to-equity ratio of 0.40. Costco Wholesale has a 52 week low of $271.28 and a 52 week excessive of $393.15. The stock has a market cap of $172.86 billion, a PE ratio of 41.74, a price-to-earnings-growth ratio of 4.76 and a beta of 0.68.
Costco Wholesale (NASDAQ:COST) final issued its quarterly earnings information on Thursday, September 24th. The retailer reported $3.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.85 by $0.28. Costco Wholesale had a return on fairness of 22.71% and a internet margin of two.40%. The corporate had income of $52.28 billion for the quarter, in comparison with analysts’ expectations of $52.03 billion. Throughout the identical interval within the earlier yr, the agency posted $2.69 earnings per share. The agency’s income for the quarter was up 10.1% on a year-over-year foundation. As a bunch, sell-side analysts anticipate that Costco Wholesale will publish 9.69 earnings per share for the present yr.
In associated information, Director Susan L. Decker offered 2,500 shares of the corporate’s stock in a transaction on Monday, September 28th. The stock was offered at a median price of $347.90, for a complete value of $869,750.00. Following the transaction, the director now instantly owns 21,747 shares of the corporate’s stock, valued at roughly $7,565,781.30. The transaction was disclosed in a authorized submitting with the SEC, which is accessible by way of this hyperlink. Additionally, Director Kenneth D. Denman offered 300 shares of the corporate’s stock in a transaction on Wednesday, September 30th. The shares had been offered at a median price of $355.69, for a complete value of $106,707.00. Following the completion of the transaction, the director now instantly owns 4,433 shares within the firm, valued at $1,576,773.77. The disclosure for this sale might be discovered right here. Within the final quarter, insiders have offered 8,800 shares of firm stock valued at $3,064,457. Firm insiders personal 0.22% of the corporate’s stock.
Institutional traders and hedge funds have just lately made adjustments to their positions within the enterprise. Provident Wealth Administration LLC acquired a brand new stake in Costco Wholesale throughout the third quarter worth about $26,000. Newfound Analysis LLC acquired a brand new stake in shares of Costco Wholesale throughout the third quarter valued at about $28,000. Horan Capital Advisors LLC. acquired a brand new stake in shares of Costco Wholesale throughout the third quarter valued at about $39,000. Adams Wealth Administration acquired a brand new stake in shares of Costco Wholesale throughout the third quarter valued at about $47,000. Lastly, Clear Harbor Asset Administration LLC acquired a brand new stake in shares of Costco Wholesale throughout the third quarter valued at about $50,000. 63.40% of the stock is at present owned by institutional traders.
Costco Wholesale Firm Profile
Costco Wholesale Company, along with its subsidiaries, engages within the operation of membership warehouses in the US, Puerto Rico, Canada, the UK, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It affords branded and private-label merchandise in a variety of merchandise classes.
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