Long Term Growth review of Costco Wholesale Corporation (NASDAQ:COST)
Oct 15 2016 by Johnny Bowman
Buckingham Capital Management Inc. now owns 2,337 shares of the retailer's stock valued at $367,000 after buying an additional 10 shares during the period. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Shares registered one year high at $169.59 and the one year low of $138.20. (NASDAQ:COST) traded down 0.17% during mid-day trading on Monday, reaching $150.02. The firm has a market cap of $65.72 billion, a P/E ratio of 28.18 and a beta of 0.71. The last closing price is down -3.76% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period.
Costco Wholesale Corp. had a return on equity of 20.26% and a net margin of 1.98%.
Costco Wholesale Corporation (NASDAQ:COST) reported its last earnings on Aug 16.
While looking at the Earnings Estimates of the company, The Average Earnings Estimate for the Current Fiscal quarter is measured as $1.73 by 24 analysts. The firm earned $35.73 billion during the quarter.
Msi Financial Services Inc reduced its stake in Costco Wholesale Corporation by 5.6% during the most recent quarter end. Costco Wholesale Corp. The company's revenue was up 2.2% on a year-over-year basis. For the current year, analysts are predicting earnings of $0.50 per share according to First Call. Shareholders of record on Friday, November 4th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, November 2nd.
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Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico, Canada, United Kingdom (U.K.), Mexico, Japan, Australia, Spain, and through majority-owned subsidiaries in Taiwan and Korea.
A number of large investors have recently modified their holdings of the company. Wesbanco Comml Bank Inc holds 0.45% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST) for 48,561 shares. These ratios are important while doing valuation of the company or the shares of the company. Global X Management Co. Parametrica Management Ltd bought a new stake in shares of Costco Wholesale Corp. during the third quarter valued at about $406,000. PineBridge Investments L.P. now owns 1,078 shares of the retailer's stock valued at $169,000 after buying an additional 111 shares in the last quarter. Advisory Services Network LLC increased its stake in Costco Wholesale Corp.by 12.9% in the third quarter. Mycio Wealth Partners LLC now owns 1,513 shares of the retailer's stock valued at $238,000 after buying an additional 385 shares during the period. Following the sale, the director now directly owns 18,566 shares in the company, valued at approximately $3,102,378.60. Recently, investment analysts covering the stock have updated the mean rating to 2.6. Zacks Investment Research upgraded shares of Costco Wholesale Corp. from a "sell" rating to a "hold" rating in a report on Tuesday, July 5th. Guggenheim reissued a "neutral" rating on shares of Costco Wholesale Corp.in a report on Saturday, October 8th.
10/03/2016 - Costco Wholesale Corporation had its "outperform" rating reiterated by analysts at Robert W. Baird. The mean price target for the company's stock is $341.79 while the highest price target suggested by the analysts is $380.00 and low price target is $284.00.
Some buy side analysts are also providing their Analysis on Costco Wholesale Corporation, where 4 analysts have rated the stock as Strong buy, 14 analysts have given a Buy signal, 10 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell. Sell-side research firms now have a consensus one year price target of $19.85 on the stock according to First Call.
Previously on 9/30/2016, Citigroup reported on Costco Wholesale Corporation (NASDAQ:COST) reduced the target price from $172.00 to $167.00. The Firm operated 663 membership warehouses and an average warehouse is approximately 144,000 square feet.