Traders Sell Shares of Costco Wholesale (COST) on Strength (COST)

Investors sold shares of Costco Wholesale Co. (NASDAQ:COST) on strength during trading hours on Monday. $64.73 million flowed into the stock on the tick-up and $115.22 million flowed out of the stock on the tick-down, for a money net flow of $50.49 million out of the stock. Of all stocks tracked, Costco Wholesale had the 33rd highest net out-flow for the day. Costco Wholesale traded up $0.45 for the day and closed at $184.41

A number of brokerages recently weighed in on COST. Vetr raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price target on the stock in a report on Thursday, January 4th. Argus boosted their price target on shares of Costco Wholesale to $200.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Oppenheimer boosted their price target on shares of Costco Wholesale from $180.00 to $210.00 and gave the stock an “outperform” rating in a report on Monday, January 8th. BidaskClub downgraded shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a report on Friday, March 9th. Finally, BMO Capital Markets raised shares of Costco Wholesale from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $192.73 to $215.00 in a report on Monday, December 18th. Nine research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $191.39.

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The stock has a market cap of $80,725.38, a price-to-earnings ratio of 31.69, a PEG ratio of 2.60 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.44.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Wednesday, March 7th. The retailer reported $1.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by ($0.03). Costco Wholesale had a net margin of 2.18% and a return on equity of 24.74%. The company had revenue of $33 billion for the quarter, compared to the consensus estimate of $32.73 billion. During the same quarter in the prior year, the company earned $1.17 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. equities analysts expect that Costco Wholesale Co. will post 6.77 EPS for the current fiscal year.

In related news, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $193.41, for a total value of $580,230.00. Following the transaction, the director now directly owns 8,654 shares in the company, valued at $1,673,770.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James D. Sinegal sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $192.06, for a total transaction of $5,761,800.00. Following the completion of the transaction, the director now owns 746,209 shares in the company, valued at $143,316,900.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 91,659 shares of company stock worth $17,317,694. Company insiders own 0.58% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Assetmark Inc. increased its position in shares of Costco Wholesale by 137.0% in the fourth quarter. Assetmark Inc. now owns 564 shares of the retailer’s stock worth $105,000 after purchasing an additional 326 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in Costco Wholesale in the third quarter worth $102,000. Jacobus Wealth Management Inc. purchased a new stake in Costco Wholesale in the third quarter worth $103,000. American Beacon Advisors Inc. purchased a new stake in Costco Wholesale in the fourth quarter worth $120,000. Finally, Shamrock Asset Management LLC lifted its stake in Costco Wholesale by 171.3% in the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after acquiring an additional 418 shares during the period. Institutional investors own 72.92% of the company’s stock.

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Costco Wholesale Company Profile

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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