Costco Wholesale Corporation Was Being Traded At $156.45

The wholesale company has reported a growth in earnings per share of 15.50%.

On November 17, 2015, Costco Wholesale Corporation was being traded at $156.45; this determined a different of 1.81%. In one year’s time, the company has reported earnings per share growth of 15.50%. The wholesale company has a return on investment of 14.50%. According to predictions by sell-side brokerage firm that wholesale company will post earnings per share of $1.3 for the current quarter of Fiscal year 2015.

The most recent EPS reported by the wholesale company was $1.73 for the fiscal year that ended on August 31, 2015. The difference between the predicted earnings and the actual earnings was of 0.07, a 4.22% difference. The company will need to be on its toes as any firm that beats the estimates of brokerage and financial services firm are rewarded well with a higher share price while if it keeps on missing the estimates of the analysts, the stock of the wholesale company will not do well.

As per the consensus of analyst on the one year target price of the company, the stock is expected to be at $161.2 per share. This consensus is based on an observation of 15 research firms. The highest level to which the target price is expected to be seen is at $185 while the lowest it could go to is $136. Costco stock has fluctuated in between a range of $156.47 to $153.24. The trade was called off at a share price of $156.45. Zacks, a research firm, has given a ranking of 1.79 to the wholesale company which identifies it as a Buy rating.

A number of brokerage firms have commented on the shares of the company and have also recommended target prices. Out of the 10 analysts who have commented on the shares of the wholesaler, 6 have rated it as a Buy while 4 have added it to the list of Hold. Telsey Advisory Group has given a new target price of $175 which the financial services firm has decided to maintain from an initial target price of $160. On the other hand, Oppenheimer has increased its target price estimate to $180 from $160. North coast has downgraded the rating to Neutral from an initial rating of Buy.

Insider Stock Buying was observed in the company; the Director of the Wholesale Corporation bought 10,000 shares at a share price of $155.40 per share. This transaction was worth $1,553,968. Now the director, Stanton John has a stake of 13,456 shares in Costco. 0.50% shares of the wholesale giant are owned by the company while 73.40% are owned by Institutional Investors.