Are Things Looking Up For Costco Wholesale Corp (NASDAQ: COST)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Costco Wholesale Corporation Reports January Sales Results.

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Stocks Info

Costco Wholesale Corp is listed on the NASDAQ as a member of the Consumer Defensive sector and is a part of the Discount Stores industry. At the end of the last regular session, the stock closed at $734.40 and fluctuated between $736.05 as its day high and $725.85 as its day low. The current market capitalization of Costco Wholesale Corp is $325.88B. A total of 1.75 million shares were traded on the day, compared to an average of 2.19M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, COST has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 23 BUYs and 68 SELLs from insiders. Insiders purchased 156,758 shares during that period but sold 83,251.

In the most recent transaction, DECKER SUSAN L sold 1,442 shares of COST for 723.48 per share on Feb 09. After the transaction, the Director now owns 12,395 company shares. In a previous transaction on Jan 23, JELINEK W CRAIG sold 8,000 shares at 685.93 per share. COST shares that Director owns now total 216,212.

Among the insiders who sold shares, Rubanenko Yoram disposed of 2,500 shares on Jan 18 at a per-share price of $680.33. This resulted in the Executive VP holding 5,910 shares of COST after the transaction. In another insider transaction, Frates Caton sold 740 shares at $683.50 per share on Jan 16. Company shares held by the Executive Vice President now total 6,721.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Costco Wholesale Corp pays an annual dividend of $4.08, resulting in a dividend yield of 0.56%, and it has a price to earnings (P/E) ratio of 50.08. COST’s most recent ex-dividend date was 2/1/2024 when it declared a $1.02 quarterly dividend that was paid in cash on 2/16/2024. Previously, the company paid the dividend on 1/12/2024 with an ex-dividend date of 12/27/2023. The COST stock dividend was $15.00 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for COST in the last 3 months, the mean price target is $712.41 with high estimates of $825.00 and low estimates of $556.00. In terms of 52-week highs and lows, COST has a high of $734.96 and a low of $454.98.

As of this writing, COST has an earnings estimate of $3.62 per share for the current quarter. EPS was calculated based on a consensus of 27 estimates, with a high estimate of $3.91 per share and a lower estimate of $3.42. The company reported an EPS of $4.86 in the last quarter, which was 1.50% higher than expectations of $4.79.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. COST’s latest balance sheet shows that the firm has $12.18B in Cash & Short Term Investments as of fiscal 2021. There were $10.13B in debt and $29.44B in liabilities at the time. Its Book Value Per Share was $58.92, while its Total Shareholder’s Equity was $18.08B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for COST is Buy with a score of 4.41.

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