Costco Wholesale Co. (NASDAQ:COST) Director John W. Meisenbach sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $187.23, for a total transaction of $561,690.00. Following the transaction, the director now directly owns 8,654 shares of the company’s stock, valued at approximately $1,620,288.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Costco Wholesale Co. (NASDAQ COST) opened at $187.75 on Friday. Costco Wholesale Co. has a 1-year low of $150.00 and a 1-year high of $195.35. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.57. The company has a market cap of $83,034.93, a price-to-earnings ratio of 31.46, a P/E/G ratio of 3.14 and a beta of 0.98.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.01. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The company had revenue of $31.81 billion during the quarter, compared to analyst estimates of $31.01 billion. During the same period in the prior year, the business posted $1.24 EPS. The firm’s revenue was up 13.2% compared to the same quarter last year. equities analysts anticipate that Costco Wholesale Co. will post 6.59 earnings per share for the current fiscal year.
Several equities analysts recently commented on COST shares. TheStreet raised shares of Costco Wholesale from a “c” rating to a “b” rating in a research note on Monday, October 9th. Oppenheimer set a $185.00 price objective on shares of Costco Wholesale and gave the company a “buy” rating in a research note on Friday, October 6th. Robert W. Baird set a $200.00 price objective on shares of Costco Wholesale and gave the company a “buy” rating in a research note on Wednesday, October 4th. Vetr cut shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating and set a $183.04 price objective for the company. in a research note on Wednesday, September 27th. Finally, Zacks Investment Research raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $180.00 price objective for the company in a research note on Tuesday, September 19th. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $187.83.
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Costco Wholesale Company Profile
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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