Costco Wholesale Co.’s January Same-Store Sales Numbers Beat Analysts’ Estimates (NASDAQ:COST)

Costco Wholesale’s (NASDAQ:COST) same store sales climbed 6% in the month of January. Costco Wholesale’s stock dropped by 0.8% in the first day of trading following the report.

COST has been the topic of a number of analyst reports. Tigress Financial restated a “buy” rating on shares of Costco Wholesale in a research note on Friday, January 5th. Vetr upgraded Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price target on the stock in a research note on Monday. Moffett Nathanson initiated coverage on Costco Wholesale in a research note on Monday, December 4th. They issued a “buy” rating on the stock. < Oppenheimer raised their price target on Costco Wholesale from $180.00 to $210.00 and gave the company an "outperform" rating in a research note on Monday, January 8th. Finally, Guggenheim restated a "hold" rating on shares of Costco Wholesale in a research note on Wednesday, November 22nd. Nine equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Costco Wholesale presently has an average rating of "Buy" and a consensus target price of $189.97.

In related news, insider Daniel M. Hines sold 5,000 shares of the firm’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $188.62, for a total transaction of $943,100.00. Following the transaction, the insider now owns 30,853 shares of the company’s stock, valued at $5,819,492.86. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Richard A. Galanti sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $170.95, for a total value of $512,850.00. Following the transaction, the chief financial officer now directly owns 35,225 shares in the company, valued at approximately $6,021,713.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,296 shares of company stock worth $19,323,086. Corporate insiders own 0.74% of the company’s stock.

Costco Wholesale (NASDAQ:COST) opened at $183.19 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.57. Costco Wholesale has a twelve month low of $150.00 and a twelve month high of $199.88. The stock has a market capitalization of $81,238.98, a PE ratio of 30.78, a P/E/G ratio of 3.02 and a beta of 0.99.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.01. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The firm had revenue of $31.81 billion for the quarter, compared to analyst estimates of $31.01 billion. During the same quarter last year, the company posted $1.24 earnings per share. The business’s revenue was up 13.2% on a year-over-year basis. analysts expect that Costco Wholesale will post 6.71 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 16th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, February 15th. Costco Wholesale’s dividend payout ratio is currently 31.80%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Beach Investment Management LLC. purchased a new stake in Costco Wholesale in the 2nd quarter valued at approximately $3,569,000. Bingham Osborn & Scarborough LLC boosted its holdings in Costco Wholesale by 18.3% in the 2nd quarter. Bingham Osborn & Scarborough LLC now owns 3,395 shares of the retailer’s stock valued at $543,000 after purchasing an additional 525 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Costco Wholesale by 1.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 59,509 shares of the retailer’s stock valued at $9,517,000 after purchasing an additional 563 shares in the last quarter. Rational Advisors LLC purchased a new stake in Costco Wholesale in the 2nd quarter valued at approximately $1,062,000. Finally, Trillium Asset Management LLC boosted its holdings in Costco Wholesale by 2.0% in the 2nd quarter. Trillium Asset Management LLC now owns 66,329 shares of the retailer’s stock valued at $10,608,000 after purchasing an additional 1,293 shares in the last quarter. 72.27% of the stock is currently owned by hedge funds and other institutional investors.

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About Costco Wholesale

Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.

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