Costco Wholesale Co. (NASDAQ:COST – Get Rating) – Investment analysts at DA Davidson issued their Q2 2023 EPS estimates for shares of Costco Wholesale in a report released on Friday, December 9th. DA Davidson analyst M. Baker forecasts that the retailer will post earnings per share of $3.24 for the quarter. The consensus estimate for Costco Wholesale’s current full-year earnings is $14.31 per share. DA Davidson also issued estimates for Costco Wholesale’s FY2023 earnings at $13.93 EPS and FY2024 earnings at $15.49 EPS.

Several other equities research analysts have also recently weighed in on the stock. Loop Capital lowered their price objective on shares of Costco Wholesale from $565.00 to $545.00 in a research report on Friday. Robert W. Baird reiterated an “outperform” rating and set a $575.00 price target on shares of Costco Wholesale in a research report on Friday, September 2nd. Truist Financial lowered their price target on shares of Costco Wholesale from $557.00 to $538.00 in a research report on Friday. Morgan Stanley lowered their price target on shares of Costco Wholesale from $560.00 to $525.00 and set an “overweight” rating for the company in a research report on Friday, September 23rd. Finally, StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $557.70.

Costco Wholesale Trading Up 0.3 %

COST opened at $483.02 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.46 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $214.40 billion, a PE ratio of 36.51, a PEG ratio of 3.49 and a beta of 0.72. Costco Wholesale has a 1-year low of $406.51 and a 1-year high of $612.27. The firm has a 50-day moving average price of $496.22 and a two-hundred day moving average price of $501.68.

Costco Wholesale (NASDAQ:COST – Get Rating) last posted its quarterly earnings data on Thursday, September 22nd. The retailer reported $4.20 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.08. The firm had revenue of $72.09 billion during the quarter, compared to analysts’ expectations of $72 billion. Costco Wholesale had a net margin of 2.55% and a return on equity of 29.22%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the company posted $3.90 EPS.

Hedge Funds Weigh In On Costco Wholesale

Hedge funds have recently modified their holdings of the stock. Schubert & Co grew its holdings in shares of Costco Wholesale by 73.3% in the 2nd quarter. Schubert & Co now owns 52 shares of the retailer’s stock valued at $25,000 after acquiring an additional 22 shares in the last quarter. Cowa LLC bought a new position in shares of Costco Wholesale in the 3rd quarter valued at about $26,000. Moisand Fitzgerald Tamayo LLC grew its holdings in shares of Costco Wholesale by 1,050.0% in the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 69 shares of the retailer’s stock valued at $33,000 after acquiring an additional 63 shares in the last quarter. Cordant Inc. bought a new position in shares of Costco Wholesale in the 1st quarter valued at about $47,000. Finally, Charter Oak Capital Management LLC bought a new position in shares of Costco Wholesale in the 2nd quarter valued at about $41,000. Institutional investors own 66.83% of the company’s stock.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, CFO Richard A. Galanti sold 2,000 shares of the stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $471.12, for a total transaction of $942,240.00. Following the completion of the transaction, the chief financial officer now owns 29,318 shares in the company, valued at approximately $13,812,296.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Costco Wholesale news, EVP Russell D. Miller sold 1,000 shares of the stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $483.58, for a total transaction of $483,580.00. Following the completion of the transaction, the executive vice president now owns 11,593 shares in the company, valued at approximately $5,606,142.94. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Richard A. Galanti sold 2,000 shares of the firm’s stock in a transaction dated Friday, October 7th. The shares were sold at an average price of $471.12, for a total value of $942,240.00. Following the completion of the transaction, the chief financial officer now owns 29,318 shares of the company’s stock, valued at approximately $13,812,296.16. The disclosure for this sale can be found here. Insiders sold a total of 6,500 shares of company stock worth $3,134,235 in the last quarter. Corporate insiders own 0.22% of the company’s stock.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Friday, October 28th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Thursday, October 27th. Costco Wholesale’s dividend payout ratio is currently 27.21%.

Costco Wholesale Company Profile

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Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

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