Costco Wholesale Corp. Now Covered by Prime Executions (COST)
Stock analysts at Prime Executions began coverage on shares of Costco Wholesale Corp. (NASDAQ:COST) in a report issued on Tuesday, American Banking News reports. The firm set a “buy” rating and a $130.00 price target on the stock. Prime Executions’ price objective points to a potential upside of 14.19% from the stock’s previous close.
Costco Wholesale Corp. (NASDAQ:COST) opened at 113.85 on Tuesday. Costco Wholesale Corp. has a 52-week low of $98.95 and a 52-week high of $126.12. The stock’s 50-day moving average is $115.1 and its 200-day moving average is $117.. The company has a market cap of $50.062 billion and a P/E ratio of 24.55. Costco Wholesale Corp. also was the recipient of some unusual options trading activity on Monday. Stock traders purchased 10,130 put options on the company. This represents an increase of 197% compared to the average daily volume of 3,415 put options.
Costco Wholesale Corp. (NASDAQ:COST) last posted its quarterly earnings results on Wednesday, December 11th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Analysts expect that Costco Wholesale Corp. will post $4.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, February 12th.
COST has been the subject of a number of other recent research reports. Analysts at Jefferies Group cut their EPS estimates on shares of Costco Wholesale Corp. in a research note on Wednesday. They now have a “hold” rating and a $105.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Costco Wholesale Corp. in a research note on Tuesday, January 21st. They now have a $122.00 price target on the stock. Finally, analysts at Northcoast Research downgraded shares of Costco Wholesale Corp. from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the stock. Costco Wholesale Corp. currently has an average rating of “Hold” and an average target price of $122.00.
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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