Traders Buy Large Volume of Costco Wholesale Corp. Put Options (COST)
Costco Wholesale Corp. (NASDAQ:COST) saw some unusual options trading on Wednesday. Traders acquired 8,489 put options on the company, Stock Ratings Network reports. This represents an increase of approximately 176% compared to the typical daily volume of 3,080 put options.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Costco Wholesale Corp. in a research note to investors on Thursday, December 12th. They now have a $124.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of Costco Wholesale Corp. from $125.00 to $130.00 in a research note to investors on Thursday, December 12th. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Costco Wholesale Corp. in a research note to investors on Friday, November 15th. They now have a $132.00 price target on the stock. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $121.21.
Costco Wholesale Corp. (NASDAQ:COST) last posted its quarterly earnings results on Wednesday, December 11th. The company reported $0.96 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.03 by $0.07. The company had revenue of $24.47 billion for the quarter, compared to the consensus estimate of $25.41 billion. During the same quarter in the prior year, the company posted $0.95 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis.
Costco Wholesale Corporation (NASDAQ:COST) with its subsidiaries is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, and through majority owned subsidiaries in Taiwan and Korea.
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