Costco Wholesale Co. (NASDAQ:COST) – Equities research analysts at DA Davidson upped their Q1 2022 earnings estimates for shares of Costco Wholesale in a research note issued on Thursday, December 2nd. DA Davidson analyst M. Baker now expects that the retailer will earn $2.55 per share for the quarter, up from their prior estimate of $2.54. DA Davidson has a “Neutral” rating and a $423.00 price target on the stock. DA Davidson also issued estimates for Costco Wholesale’s FY2022 earnings at $11.85 EPS and FY2023 earnings at $12.90 EPS.
COST has been the subject of several other research reports. Cowen boosted their price target on shares of Costco Wholesale from $440.00 to $520.00 and gave the company an “outperform” rating in a report on Thursday, October 7th. Morgan Stanley upped their price objective on shares of Costco Wholesale from $500.00 to $510.00 and gave the stock an “overweight” rating in a report on Friday, September 24th. Tigress Financial reaffirmed a “buy” rating and issued a $520.00 price objective on shares of Costco Wholesale in a report on Wednesday, September 29th. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and upped their price objective for the stock from $525.00 to $575.00 in a report on Thursday, November 11th. Finally, Oppenheimer upped their price objective on shares of Costco Wholesale from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Thursday, November 4th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $504.12.
Shares of COST opened at $525.51 on Friday. Costco Wholesale has a 1 year low of $307.00 and a 1 year high of $560.78. The company has a market cap of $232.18 billion, a price-to-earnings ratio of 46.63, a price-to-earnings-growth ratio of 5.20 and a beta of 0.65. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.52 and a current ratio of 1.00. The firm has a fifty day moving average of $491.87 and a 200-day moving average of $444.57. Costco Wholesale (NASDAQ:COST) last released its earnings results on Wednesday, September 22nd. The retailer reported $3.90 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.33. Costco Wholesale had a net margin of 2.56% and a return on equity of 29.62%. The firm had revenue of $61.44 billion during the quarter, compared to analyst estimates of $61.45 billion. During the same quarter in the previous year, the firm earned $3.13 earnings per share. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 12th. Stockholders of record on Friday, October 29th were issued a $0.79 dividend. The ex-dividend date was Thursday, October 28th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.60%. Costco Wholesale’s dividend payout ratio is 28.04%.
Institutional investors and hedge funds have recently modified their holdings of the company. Alexandria Capital LLC grew its stake in shares of Costco Wholesale by 19.5% in the 3rd quarter. Alexandria Capital LLC now owns 760 shares of the retailer’s stock valued at $342,000 after buying an additional 124 shares in the last quarter. HM Payson & Co. grew its stake in shares of Costco Wholesale by 7.8% in the 3rd quarter. HM Payson & Co. now owns 2,423 shares of the retailer’s stock valued at $1,089,000 after buying an additional 175 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in shares of Costco Wholesale by 1.2% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 3,433 shares of the retailer’s stock valued at $1,543,000 after buying an additional 41 shares in the last quarter. Cambridge Trust Co. grew its stake in shares of Costco Wholesale by 1.4% in the 3rd quarter. Cambridge Trust Co. now owns 13,727 shares of the retailer’s stock valued at $6,169,000 after buying an additional 194 shares in the last quarter. Finally, Fortis Advisors LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter valued at approximately $79,000. Institutional investors own 66.87% of the company’s stock.
Costco Wholesale Company Profile
Costco Wholesale Corp. engages in the operation of membership warehouses. The firm’s product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations.
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