Costco Wholesale Co. Same-Store Sales Rise 10% in September, Shares Rise by 0% (NASDAQ:COST)

Costco Wholesale’s (NASDAQ:COST) same store sales rose 10% during the month of September. Costco Wholesale’s stock rose by 0% in the first full-day of trading following the report.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Wells Fargo & Company increased their price target on shares of Costco Wholesale from $800.00 to $850.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,000.00 price target on shares of Costco Wholesale in a research report on Thursday, October 10th. TD Cowen lifted their price objective on Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Stifel Nicolaus boosted their price objective on shares of Costco Wholesale from $925.00 to $935.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Roth Mkm lifted their target price on shares of Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target of $886.74.

Insider Activity at Costco Wholesale

In other news, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $888.99, for a total value of $2,844,768.00. Following the completion of the sale, the executive vice president now directly owns 8,630 shares in the company, valued at $7,671,983.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $888.99, for a total value of $2,844,768.00. Following the transaction, the executive vice president now directly owns 8,630 shares in the company, valued at approximately $7,671,983.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $874.05, for a total value of $437,025.00. Following the transaction, the executive vice president now owns 22,900 shares of the company’s stock, valued at approximately $20,015,745. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,224 shares of company stock valued at $9,974,973 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $894.61 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The firm has a market cap of $396.61 billion, a PE ratio of 55.43, a PEG ratio of 5.53 and a beta of 0.80. Costco Wholesale has a 12 month low of $540.23 and a 12 month high of $923.83. The stock has a 50 day moving average of $886.11 and a 200 day moving average of $830.26.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The firm had revenue of $79.70 billion during the quarter, compared to analysts’ expectations of $79.91 billion. During the same quarter in the previous year, the business earned $4.86 EPS. The company’s quarterly revenue was up 1.0% on a year-over-year basis. On average, research analysts expect that Costco Wholesale will post 17.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Costco Wholesale

A number of institutional investors and hedge funds have recently modified their holdings of the business. Capital Advisors Wealth Management LLC boosted its holdings in shares of Costco Wholesale by 18.3% in the third quarter. Capital Advisors Wealth Management LLC now owns 5,989 shares of the retailer’s stock valued at $5,309,000 after purchasing an additional 926 shares during the period. Regatta Capital Group LLC grew its holdings in shares of Costco Wholesale by 1.9% during the third quarter. Regatta Capital Group LLC now owns 5,559 shares of the retailer’s stock valued at $4,928,000 after buying an additional 102 shares during the last quarter. Petredis Investment Advisors LLC lifted its holdings in shares of Costco Wholesale by 0.4% during the third quarter. Petredis Investment Advisors LLC now owns 16,578 shares of the retailer’s stock worth $14,697,000 after purchasing an additional 70 shares during the period. Prospect Financial Services LLC increased its stake in shares of Costco Wholesale by 32.6% in the third quarter. Prospect Financial Services LLC now owns 749 shares of the retailer’s stock worth $664,000 after acquiring an additional 184 shares during the period. Finally, Astoria Strategic Wealth Inc. acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at about $206,000. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Company Profile

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