Costco Wholesale Co. (NASDAQ:COST) announced a quarterly dividend on Friday, October 18th, RTT News reports. Stockholders of record on Friday, November 1st will be paid a dividend of 0.65 per share by the retailer on Friday, November 15th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Thursday, October 31st.
Shares of NASDAQ:COST opened at $298.94 on Tuesday. Costco Wholesale has a one year low of $189.51 and a one year high of $307.34. The stock has a fifty day moving average of $293.61 and a 200-day moving average of $270.81. The company has a market capitalization of $130.36 billion, a PE ratio of 36.50, a price-to-earnings-growth ratio of 4.06 and a beta of 0.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.52 and a current ratio of 1.01.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, October 3rd. The retailer reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.15. The company had revenue of $47.50 billion during the quarter, compared to the consensus estimate of $47.71 billion. Costco Wholesale had a return on equity of 25.00% and a net margin of 2.40%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.36 EPS. As a group, research analysts forecast that Costco Wholesale will post 8.6 EPS for the current fiscal year.
A number of analysts have recently issued reports on the company. Morgan Stanley increased their target price on Costco Wholesale from $230.00 to $265.00 and gave the company an “equal weight” rating in a report on Friday, October 4th. They noted that the move was a valuation call. ValuEngine lowered Costco Wholesale from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Goldman Sachs Group assumed coverage on Costco Wholesale in a report on Thursday, July 11th. They issued a “buy” rating and a $290.00 target price for the company. JPMorgan Chase & Co. increased their target price on Costco Wholesale from $271.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Finally, Northcoast Research lowered Costco Wholesale from a “buy” rating to a “neutral” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $293.13.
About Costco Wholesale
Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.
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