Trade Report: Today: Costco Wholesale Corp.’s (COST) “Outperform” Rating Reaffirm at Robert W. Baird

Today: Costco Wholesale Corp.’s (COST) “Outperform” Rating Reaffirm at Robert W. Baird

Costco Wholesale Corp. (NASDAQ:COST)‘s stock had its “outperform” rating reiterated by equities researchers at Robert W. Baird in a note issued to investors on Monday.

A number of other analysts also recently issued reports on the company. Argus restated a “buy” rating and issued a $175.00 price target on shares of Costco Wholesale Corp. in a research report on Tuesday, October 4th. Zacks Investment Research upgraded Costco Wholesale Corp. from a “hold” rating to a “buy” rating and set a $184.00 target price for the company in a research report on Tuesday, August 30th. Northcoast Research upgraded Costco Wholesale Corp. from a “neutral” rating to a “buy” rating and set a $175.00 target price for the company in a research report on Wednesday, October 19th. Cowen and Company reiterated an “outperform” rating and set a $170.00 target price on shares of Costco Wholesale Corp. in a research report on Thursday, November 3rd. Finally, Jefferies Group reiterated a “hold” rating on shares of Costco Wholesale Corp. in a research report on Monday, September 12th. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $172.11.

Costco Wholesale Corp. (NASDAQ:COST) traded down 0.14% during mid-day trading on Monday, hitting $151.67. 855,162 shares of the stock were exchanged. The stock has a 50 day moving average of $149.35 and a 200-day moving average of $155.43. Costco Wholesale Corp. has a 52-week low of $138.57 and a 52-week high of $169.73. The stock has a market cap of $66.30 billion, a price-to-earnings ratio of 28.46 and a beta of 0.85.

Costco Wholesale Corp. (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 29th. The retailer reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.04. The company earned $35.73 billion during the quarter. Costco Wholesale Corp. had a return on equity of 20.26% and a net margin of 1.98%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.73 earnings per share. Equities analysts predict that Costco Wholesale Corp. will post $5.93 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Friday, November 4th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Wednesday, November 2nd. Costco Wholesale Corp.’s payout ratio is 33.71%.

In other Costco Wholesale Corp. news, insider David S. Petterson sold 3,000 shares of the company’s stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $151.10, for a total value of $453,300.00. Following the completion of the sale, the insider now directly owns 25,626 shares in the company, valued at approximately $3,872,088.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James D. Sinegal sold 20,114 shares of the company’s stock in a transaction on Friday, October 7th. The shares were sold at an average price of $149.02, for a total value of $2,997,388.28. Following the completion of the sale, the director now owns 768,136 shares of the company’s stock, valued at $114,467,626.72. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Janus Capital Management LLC boosted its stake in shares of Costco Wholesale Corp. by 56.8% in the second quarter. Janus Capital Management LLC now owns 4,464,121 shares of the retailer’s stock valued at $701,046,000 after buying an additional 1,616,299 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Costco Wholesale Corp. by 72.5% in the second quarter. 1832 Asset Management L.P. now owns 1,834,509 shares of the retailer’s stock valued at $289,953,000 after buying an additional 771,240 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Costco Wholesale Corp. by 15.8% in the second quarter. Bank of New York Mellon Corp now owns 5,461,235 shares of the retailer’s stock valued at $857,632,000 after buying an additional 743,180 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Costco Wholesale Corp. during the second quarter valued at about $114,769,000. Finally, FMR LLC boosted its stake in shares of Costco Wholesale Corp. by 5.9% in the second quarter. FMR LLC now owns 12,755,948 shares of the retailer’s stock valued at $2,003,195,000 after buying an additional 707,695 shares during the last quarter. Institutional investors own 71.95% of the company’s stock.

Costco Wholesale Corp. Company Profile

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