Costco Wholesale CFO Richard A. Galanti Unloads 12,068 Shares (COST)
Costco Wholesale (NASDAQ:COST) CFO Richard A. Galanti sold 12,068 shares of the stock on the open market in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $118.97, for a total value of $1,435,729.96. Following the sale, the chief financial officer now directly owns 40,100 shares in the company, valued at approximately $4,770,697. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on COST shares. Analysts at S&P Equity Research raised their price target on shares of Costco Wholesale from $459.00 to $473.00 in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs upgraded shares of Costco Wholesale from a “neutral” rating to a “conviction-buy” rating in a research note on Tuesday, July 29th. They now have a $136.00 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Costco Wholesale in a research note on Tuesday, June 24th. They set an “overweight” rating and a $134.00 price target on the stock. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Costco Wholesale has an average rating of “Buy” and a consensus price target of $159.27.
Shares of Costco Wholesale (NASDAQ:COST) traded down 0.56% on Friday, hitting $118.59. The stock had a trading volume of 1,983,101 shares. Costco Wholesale has a 52 week low of $109.50 and a 52 week high of $126.12. The stock has a 50-day moving average of $117.5 and a 200-day moving average of $115.1. The company has a market cap of $51.977 billion and a P/E ratio of 26.69.
Costco Wholesale (NASDAQ:COST) last released its earnings data on Thursday, May 29th. The company reported $1.07 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $1.04 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Analysts expect that Costco Wholesale will post $4.59 EPS 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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