Costco Wholesale VP Sells $1,176,900 in Stock (COST)
Costco Wholesale (NASDAQ:COST) VP Franz E. Lazarus unloaded 10,000 shares of Costco Wholesale stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $117.69, for a total transaction of $1,176,900.00. Following the completion of the transaction, the vice president now directly owns 25,106 shares in the company, valued at approximately $2,954,725. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on COST. Analysts at Zacks reiterated a “neutral” rating on shares of Costco Wholesale in a research note on Wednesday. They now have a $121.00 price target on the stock. Separately, analysts at Ameriprise Financial initiated coverage on shares of Costco Wholesale in a research note on Tuesday, April 1st. They set a “buy” rating on the stock. Finally, analysts at Jefferies Group cut their EPS estimates on shares of Costco Wholesale in a research note on Thursday. They now have a “neutral” rating on the stock. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $125.08.
Shares of Costco Wholesale (NASDAQ:COST) traded up 0.23% during mid-day trading on Friday, hitting $118.02. The stock had a trading volume of 1,072,872 shares. Costco Wholesale has a 52 week low of $107.38 and a 52 week high of $126.12. The stock has a 50-day moving average of $114.9 and a 200-day moving average of $115.8. The company has a market cap of $51.863 billion and a price-to-earnings ratio of 26.35.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, May 29th. The company reported $1.07 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.09 by $0.02. The company had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.70 billion. During the same quarter last year, the company posted $1.04 earnings per share. Costco Wholesale’s revenue was up 4.8% compared to the same quarter last year. On average, analysts predict that Costco Wholesale will post $4.60 earnings per share for the current fiscal year.
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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