Costco will hike membership fees in Canada and U.S. this June
Mar 04 2017
The consensus 12-month price target was $178.81 before results were announced.
United States of America based company, Costco Wholesale Corporation (COST)'s latest closing price was 12.97% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 7.05% and 3.07% compared with the 20 Day Moving Average. Sanford C. Bernstein began coverage on shares of Costco Wholesale Corporation in a research report on Monday, February 6th. Analyst forecasts, earnings estimates and price target projections are issued to help their clients make money through stock investments.
Northcoast Research has downgraded Costco Wholesale Corporation (NASDAQ:COST) to Neutral in a statement released on 3/03/2017.
According to Zacks brokerage recommendations, Costco Wholesale Corporation (NASDAQ:COST)'s Buy count is 2 and Strong Buy is 12 while the number of analysts recommending Sell and Strong Sell are 0 and 5, respectively.
Costco Wholesale Corporation (NASDAQ:COST) ended its day at $177.98 with the rising stream of 0.07% and its total traded volume was 3.01 million shares more than the average volume. 993,736 shares of the company's stock were exchanged. The company has a market capitalization of $74.78 billion and a PE ratio of 31.07. Costco Wholesale Corporation has a 52-week low of $138.57 and a 52-week high of $169.59.
Costco performed well in the last two quarters, despite a tough environment for retailers, as it partly benefited from paying lower fees to credit card partner Visa Inc.
The company delivered earnings of $1.17 a share for the February quarter that fell short of analyst's estimate by 18 cents a share. The company's revenue of $29.77 billion came in below the $29.99 billion set by Zacks analysts.
Analysts' mean recommendation for Costco Wholesale Corporation (COST) stands at 2.10. The consensus estimate for current quarter is $1.35 and for the current fiscal year, the estimate is $5.89. During the same period in the prior year, the firm posted $1.09 EPS.
Total debt to equity ratio of the company for most recent quarter is 0.43 whereas long term debt to equity ratio for most recent quarter is 0.33. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.01%. Similar statistics are true for the second largest owner, Wellington Management Group Llp, which owns 18,034,177 shares of the stock are valued at $3.21 billion. LLC now owns 983 shares of the retailer's stock valued at $154,000 after buying an additional 722 shares in the last quarter. The disclosure for this sale can be found here.
The Issaquah, Washington-based company's stock was down 4.2% at $170.45 per share in afternoon trading.