Costco Wholesale Corporation (NASDAQ:COST) – Stock analysts at Jefferies Group lifted their FY2017 earnings per share (EPS) estimates for shares of Costco Wholesale Corporation in a research report issued to clients and investors on Wednesday. Jefferies Group analyst D. Binder now expects that the retailer will post earnings of $5.79 per share for the year, up from their previous forecast of $5.78. Jefferies Group has a “Hold” rating and a $162.00 price objective on the stock. Jefferies Group also issued estimates for Costco Wholesale Corporation’s Q4 2017 earnings at $2.05 EPS and FY2018 earnings at $6.50 EPS.
Several other equities analysts have also recently commented on COST. UBS AG raised shares of Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, June 26th. Guggenheim reissued a “neutral” rating on shares of Costco Wholesale Corporation in a research report on Thursday. Robert W. Baird set a $200.00 target price on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a research report on Wednesday. BidaskClub raised shares of Costco Wholesale Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Deutsche Bank AG set a $155.00 target price on shares of Costco Wholesale Corporation and gave the stock a “hold” rating in a research report on Friday. Twelve equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $178.39.
Shares of Costco Wholesale Corporation (NASDAQ:COST) opened at 157.09 on Friday. The company’s 50-day moving average price is $159.96 and its 200 day moving average price is $164.83. The company has a market cap of $68.68 billion, a price-to-earnings ratio of 25.84 and a beta of 0.94. Costco Wholesale Corporation has a 12-month low of $142.11 and a 12-month high of $183.18. Costco Wholesale Corporation also was the recipient of unusually large options trading activity on Thursday. Traders bought 21,435 call options on the stock. This is an increase of approximately 266% compared to the average volume of 5,855 call options.
Costco Wholesale Corporation (NASDAQ:COST) last released its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.06. Costco Wholesale Corporation had a return on equity of 20.45% and a net margin of 2.06%. The business had revenue of $42.30 billion for the quarter, compared to analyst estimates of $41.55 billion. During the same quarter in the prior year, the company posted $1.77 earnings per share. Costco Wholesale Corporation’s revenue was up 15.7% on a year-over-year basis.
Large investors have recently made changes to their positions in the stock. Delta Asset Management LLC TN grew its position in Costco Wholesale Corporation by 11.6% in the second quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock worth $100,000 after acquiring an additional 65 shares in the last quarter. Almanack Investment Partners LLC. purchased a new position in Costco Wholesale Corporation in the second quarter worth $101,000. Northwest Investment Counselors LLC purchased a new position in Costco Wholesale Corporation in the second quarter worth $107,000. Mercer Capital Advisers Inc. grew its position in Costco Wholesale Corporation by 3.5% in the second quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after acquiring an additional 23 shares in the last quarter. Finally, Mosaic Family Wealth LLC grew its position in Costco Wholesale Corporation by 16.7% in the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 72.35% of the company’s stock.
In other news, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $164.92, for a total transaction of $164,920.00. Following the completion of the transaction, the director now directly owns 6,974 shares in the company, valued at approximately $1,150,152.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 3,000 shares of company stock valued at $481,760 over the last 90 days. Company insiders own 0.74% of the company’s stock.
About Costco Wholesale Corporation
Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.
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