The analysts of Oppenheimer have raised their FY2021 EPS estimate for Costco Wholesale (NASDAQ: COST) shares on 8th March, Monday. Oppenheimer allotted a price objective of $350 with ‘outperform’ recommendation. They also released an EPS of $2.98 Q4 2021 and $10 for FY2022.
On Thursday, the company started from $323.83 with the market cap being $143.44 billion. Their lowest in 1 year is $276.34 while the highest is $ 393.15. Their current, quick, and leverage ratio is 0.98, 0.53, and 0.49. Their 50-day rolling average is $347.26 while the 200-day is $360.89.
According to their 3rd March report, their quarterly EPS was $2.14, missing the $2.45 consensus estimate by almost $0.31. They had a 2.50% net margin with a 24.50% equity return. Their revenue was $44.77 billion, surpassing the $43.71 billion estimate.
COST Stock Market Ventures
Loop Capital demoted the price objective of COST shares to $380 from $425 and gave a rating of ‘buy’. Robert Baird decreased it to $395 from $410 and gave a rating of ‘outperform’. Citigroup lowered it to $360 from $380 and gave a rating of ‘neutral’. Raymond James lifted it to $405 from $365 and gave a rating of ‘outperform’. DA Davidson declined it to $325 from $390 and gave a rating of ‘neutral’. The company received the consensus ‘buy’ recommendation with a $378.33 price objective.
Patrick Callans, VP, sold off 2,500 shares at $374.65 EPS worth $936,625. Russell Miller, EVP, sold off 5,000 shares at $377.24 EPS worth $1,886,200. 0.22% Costco stock is owned by insiders.
Norges Bank purchased new holdings in Costco stock, owning $1,784,019,000 worth shares. Morgan Stanley promoted their stake by nearly 40.3%, owning shares priced at $2,669,275,000. Winslow Cap. Management upgraded their position by approximately 86.2% and own $389,451,000 worth of shares. Nuveen Management increased its stake by roughly 10.3%, owning shares priced at $1,587,370,000. Institutional investors own 67.21% of the stock.
