Costco Wholesale Co. Stock Climbs 0% Following Same Store Sales Report (NASDAQ:COST)

Costco Wholesale’s (NASDAQ:COST) same-store sales rose 5.3% in the month of November. Costco Wholesale’s stock rose by 0% in the first day of trading following the news.

A number of equities analysts recently commented on the company. Deutsche Bank upped their target price on Costco Wholesale from $272.00 to $274.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. Barclays set a $275.00 target price on Costco Wholesale and gave the company a “hold” rating in a report on Monday, August 12th. Loop Capital upped their target price on Costco Wholesale to $330.00 and gave the company a “buy” rating in a report on Friday, September 6th. Morgan Stanley upped their target price on Costco Wholesale from $230.00 to $265.00 and gave the company an “equal weight” rating in a report on Friday, October 4th. They noted that the move was a valuation call. Finally, Guggenheim restated a “hold” rating on shares of Costco Wholesale in a report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $295.04.

In other news, insider Daniel M. Hines sold 5,000 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $298.46, for a total value of $1,492,300.00. Following the sale, the insider now directly owns 22,277 shares of the company’s stock, valued at $6,648,793.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Richard A. Galanti sold 1,984 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $302.80, for a total value of $600,755.20. Following the completion of the sale, the chief financial officer now directly owns 26,165 shares in the company, valued at $7,922,762. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,780 shares of company stock worth $11,032,292. 0.21% of the stock is owned by insiders.

Shares of NASDAQ COST traded up $0.85 during trading on Wednesday, reaching $296.52. The company had a trading volume of 1,742,024 shares, compared to its average volume of 1,961,556. Costco Wholesale has a 12-month low of $189.51 and a 12-month high of $307.34. The stock has a market cap of $131.81 billion, a PE ratio of 36.21, a P/E/G ratio of 4.12 and a beta of 0.91. The business’s 50-day moving average is $299.86 and its 200 day moving average is $280.84. The company has a quick ratio of 0.52, a current ratio of 1.01 and a debt-to-equity ratio of 0.33.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, October 3rd. The retailer reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.15. Costco Wholesale had a return on equity of 25.00% and a net margin of 2.40%. The firm had revenue of $47.50 billion for the quarter, compared to analysts’ expectations of $47.71 billion. During the same period in the prior year, the firm posted $2.36 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. On average, analysts anticipate that Costco Wholesale will post 8.56 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.65 dividend. The ex-dividend date was Thursday, October 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.88%. Costco Wholesale’s dividend payout ratio is currently 31.75%.

Large investors have recently made changes to their positions in the company. Great Valley Advisor Group Inc. bought a new position in shares of Costco Wholesale during the second quarter valued at $470,000. Aperio Group LLC lifted its holdings in shares of Costco Wholesale by 0.4% during the second quarter. Aperio Group LLC now owns 357,259 shares of the retailer’s stock valued at $94,409,000 after purchasing an additional 1,421 shares in the last quarter. CKW Financial Group lifted its holdings in shares of Costco Wholesale by 33.1% during the second quarter. CKW Financial Group now owns 804 shares of the retailer’s stock valued at $212,000 after purchasing an additional 200 shares in the last quarter. Asset Advisors Investment Management LLC lifted its holdings in Costco Wholesale by 0.7% in the second quarter. Asset Advisors Investment Management LLC now owns 70,145 shares of the retailer’s stock valued at $18,537,000 after acquiring an additional 520 shares during the period. Finally, Dundas Partners LLP lifted its holdings in Costco Wholesale by 0.5% in the second quarter. Dundas Partners LLP now owns 70,871 shares of the retailer’s stock valued at $18,729,000 after acquiring an additional 366 shares during the period. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

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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