Costco Wholesale Co. same-store sales beat expectations (NASDAQ:COST)
August saw same-store sales at Costco Wholesale (NASDAQ: COST) posting a 10.1% increase over the previous month. Costco Wholesale’s stock price rose 0% on the trading day following the news, indicating that the announcement had a positive impact on the market. Invest in these three agribusinesses to hedge against inflation. The most recent period has seen many research analysts give their opinion on COST stocks. In a research note released Thursday, Loop Capital said it would lower its price target on Costco Wholesale shares from $610.00 to $585.00. In a research note published Thursday, August 4, Oppenheimer revealed that they were increasing their price target for Costco Wholesale from $535.00 to $600.00 and that this change was due to the company’s expectation that the share price would continue to rise. In a research note published on July 15, Bloomberg changed the recommendation it previously provided to Costco Wholesale from a “hold” rating to a “buy” rating. In a research report published Friday, May 27, Baird downgraded Costco Wholesale from an “outperforming” rating to a “neutral” rating.
Additionally, the company reduced its price target for the stock from $600 to $560 per share. The subject of Costco Wholesale was the subject of the study note. Goldman Sachs Group raised its price target on Costco Wholesale shares from $516.00 to $573.00 and gave the company a “buy” rating in a research report released Thursday, August 4. Twenty-two different financial experts gave the company a buy rating, and four analysts recommended investors buy the stock. Data from Bloomberg indicates that the most common rating for Costco Wholesale is “Moderate Buy” and the stock now carries a target price of $575.68. On Wednesday, July 20, Vice President James P. Murphy was reported to have sold 1,500 shares of Costco Wholesale. This information was provided in related news. The sale of the shares generated total revenue of $787,800.00, with the average price at which each share could be purchased being $525.20. As a result of the transaction, the vice president now owns 36,230 shares of the company. Based on the current stock price, that gives the VP a total wealth of $19,027,996. By issuing a legal document, which can be viewed on the SEC’s website, the Securities and Exchange Commission (SEC) disclosed the transaction to the public. Additional information about Costco Wholesale relates to the acquisition of 850 shares of the company on Tuesday, June 7 by director Mary Agnes Wilderotter.
The number of shares was acquired for a total cost of $400,129.00, which corresponds to an average price of $470.74 per share. As a result of the transaction, the administrator now directly owns 11,295 shares of the company, which are worth approximately $5,317,008.30 at present. If you click on this link, you will be redirected to the SEC file, where the details of the transaction are described in more detail. Additionally, on Wednesday, July 20, the company’s vice president, James P. Murphy, sold 1,500 shares. The acquisition of the shares was made at an average price of $525.20 per share, resulting in a total transaction value of $787,800.00. The transaction allowed the vice president to purchase 36,230 shares of the company, which had a combined value of approximately $19,027,996 at the time of acquisition. Disclosures related to the sale can be found in this section of the website. Business insiders sold a total of 5,300 shares worth $2,609,904 in the previous ninety days and were able to make a profit. Insiders of the company hold 0.22% of the total number of shares of the company. These are the three stocks that conservative investors should have in their portfolios because they are extremely low risk. When trading began on Friday, a share of Costco Wholesale was valued at $529.17 at the opening bell. The current one-year high for Costco Wholesale is $612.27, while the one-year low is $406.51. The company’s stock has traded at a moving average price of $519.97 over the past two hundred days, while its price has traded at a moving average price of $521.09 over the past fifty days . The company’s financial metrics, including its price-to-earnings ratio of 41.67, PEG ratio of 4.43, and beta value of 0.69, contribute to its current market capitalization of $234.40 billion.
All financial ratios including debt ratio, current ratio and quick ratio are all equal to 0.48. The current and fast ratios are at 1.04, but the fast ratios are at 0.48. Additionally, the company had just announced that it would implement a quarterly dividend, which was paid on the 12th of this month. On Friday, July 29, shareholders who held a record each received a payment of $0.09 in the form of a dividend. Last Thursday, July 28, was the day shareholders had to pay the dividend. This translates into a dividend payment of $0.36 each year, which translates to a return of 0.07% of the current value of the stock. The dividend payout ratio (DPR) for Costco Wholesale is currently 28.35%. What major financial institutions think of Costco Wholesale and what they say about Costco Wholesale In April 2022, these are the four actions that will be most important for grocery stores. Over the past few months, many well-known investors have adjusted their level of interest in COST. Schubert & Co. increased the proportion of Costco Wholesale shares held to 73.3% during the second quarter of the year. The company now directly owns 52 shares of the retailer, which have a combined value of $25,000 due to Schubert & Co.’s purchase of 22 additional shares in the last quarter. A new investment in Costco Wholesale of approximately $26,000 was made by Contravisory Interest Management Inc. during the first three months of the year.
A purchase of over thirty thousand dollars of Costco Wholesale stock was made by Comprehensive Financial Consultants Institutional Inc. in the last three months of 2018. Recently, Mystic Asset Management Inc. paid nearly $40,000 to purchase a new position in Costco Wholesale. . The transaction in question took place during the last fiscal quarter. Last but not least, in the first three months of this year, Lansing Street Advisors spent about $41,000 buying new stock in Costco Wholesale. This is the company’s largest investment to date. The shares of the company are held in portfolios by institutions up to 66.83%. Costco Wholesale Corporation is the subject of this citation. The Costco Wholesale Corporation is responsible for managing member warehouses located around the world. These warehouses are located in the United States, Puerto Rico, Canada, United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China and Taiwan, not to mention cite just a few of the countries in which they can be found. It sells well-known branded items and private label items in a wide range of product categories.