Costco Wholesale Corporation (COST) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 178 from a previous price target of $177 . RBC Capital Mkts advised their investors in a research report released on Sep 30, 2016.
On the company’s financial health, Costco Wholesale Corporation reported $1.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Sep 29, 2016. Analyst had a consensus of $1.73. The company had revenue of $36560.00 million for the quarter, compared to analysts expectations of $36903.67 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.73 EPS.
Costco Wholesale Corporation closed down -0.74 points or -0.49% at $150.45 with 25,69,036 shares getting traded on Tuesday. Post opening the session at $151.42, the shares hit an intraday low of $150 and an intraday high of $151.77 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Aug 18, 2016, John W Meisenbach (director) sold 5,737 shares at $167.74 per share price. According to the SEC, on Jul 11, 2016, Douglas W Schutt (Former Executive VP) sold 14,656 shares at $166.76 per share price. On Jul 11, 2016, John D Mckay (Executive Vice President) sold 7,500 shares at $166.58 per share price, according to the Form-4 filing with the securities and exchange commission.
Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico Canada United Kingdom (U.K.) Mexico Japan Australia Spain and through majority-owned subsidiaries in Taiwan and Korea. The Company operated 663 membership warehouses and an average warehouse is approximately 144000 square feet. The Companys warehouses generally operate on a seven-day 69-hour week. The Companys product categories include Food Sundries Hardlines Fresh Food Softlines Ancillary and Other. The Companys online business provides products which include services such as photo processing pharmacy travel business delivery and membership services.