Costco Wholesale (NASDAQ: COST) shares opened at $ 192.73 on Monday. The stock has a market capitalization of $ 84,221.08, a PE ratio of 32.07, a PEG ratio of 3.12 and a beta of 0.98. Costco Wholesale has a minimum of 1 year of $ 150.00 and a maximum of 1 year of $ 195.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.99 and a quick ratio of 0.43.
Costco Wholesale (NASDAQ: COST) last published its quarterly earnings results on Thursday, December 14. The retailer reported earnings per share of $ 1.36 (EPS) for the quarter, surpassing the Thomson Reuters consensus of $ 1.35 for $ 0.01. The company had revenues of $ 31.81 billion for the quarter, compared to the estimated consensus of $ 31.01 billion. Costco Wholesale had a return on equity of 23.41% and a net margin of 2.09%. The company's revenues increased 13.2% compared to the same quarter last year. During the same period last year, the business registered $ 1.24 of earnings per share. Sales analysts predict that Costco Wholesale will publish 6.5 EPS for the current year.
In related news, CFO Richard A. Galanti sold 3,000 shares of the company's stock in a transaction that took place on Friday, November 10. The shares were sold at an average price of $ 170.95, for a total value of $ 512,850.00. After the completion of the transaction, the CFO now holds 35,225 shares in the company, valued at approximately $ 6,021,713.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC's website. In addition, Vice President Richard A. Galanti sold 5,000 shares of the company in a transaction that took place on Friday, October 20. The stock was sold at an average price of $ 160.58, for a total transaction of $ 802,900.00. After the completion of the transaction, the vice president now holds 41,396 shares of the company's stock, valued at approximately $ 6,647,369.68. The disclosure of this sale can be found here. Insiders sold a total of 32,842 shares of the company valued at $ 5,520,848 in the last 90 days. 0.74% of the shares are currently owned by people close to the company.
Recently, several hedge funds have bought and sold COST shares. Almanack Investment Partners LLC. acquired a new stake in Costco Wholesale during the second quarter for $ 101,000. Wealthcare Advisory Partners LLC acquired a new stake in Costco Wholesale during the 3rd quarter with a value of $ 102,000. Jacobus Wealth Management Inc. acquired a new stake in Costco Wholesale during the 3rd quarter with a value of $ 103,000. Northwest Investment Counselors LLC acquired a new stake in Costco Wholesale during the second quarter with a value of $ 107,000. Finally, Shamrock Asset Management LLC increased its holdings in Costco Wholesale by 171.3% during the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer's stock valued at $ 109,000 after acquiring 418 additional shares during the period. Hedge funds and other institutional investors hold 71.49% of the company's shares.
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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 stores worldwide.
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