Stock of The Day: Costco Wholesale Corp (NASDAQ:COST) Institutional Investor Sentiment Trend

November 24, 2016 - By Louis Casey   ·   0 Comments

Stock of The Day: Costco Wholesale Corp (NASDAQ:COST) Institutional Investor Sentiment Trend

Sentiment for Costco Wholesale Corp (NASDAQ:COST)

Costco Wholesale Corp (NASDAQ:COST) institutional sentiment decreased to 0.94 in 2016 Q2. Its down -0.07, from 1.01 in 2016Q1. The ratio worsened, as 483 investment managers started new and increased stock positions, while 478 sold and trimmed positions in Costco Wholesale Corp. The investment managers in our partner’s database now own: 314.43 million shares, down from 337.47 million shares in 2016Q1. Also, the number of investment managers holding Costco Wholesale Corp in their top 10 stock positions decreased from 46 to 44 for a decrease of 2. Sold All: 75 Reduced: 403 Increased: 410 New Position: 73.

Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. The company has a market cap of $66.93 billion. As of August 28, 2016, the Company operated 715 warehouses across the world. It has a 28.44 P/E ratio. The Company’s average warehouse space is approximately 144,000 square feet.

The stock decreased 0.70% or $1.07 on November 23, hitting $151.6. About 2.17M shares traded hands. Costco Wholesale Corporation (NASDAQ:COST) has risen 1.12% since April 22, 2016 and is uptrending. It has underperformed by 4.29% the S&P500.

Analysts await Costco Wholesale Corporation (NASDAQ:COST) to report earnings on December, 7 after the close. They expect $1.20 EPS, up 10.09% or $0.11 from last year’s $1.09 per share. COST’s profit will be $529.79 million for 31.58 P/E if the $1.20 EPS becomes a reality. After $1.77 actual EPS reported by Costco Wholesale Corporation for the previous quarter, Wall Street now forecasts -32.20% negative EPS growth.

According to Zacks Investment Research, “Costco Wholesale Corp. operates membership warehouses based on the concept that offering members very low prices on a limited selection of nationally branded and selected private label products in a wide range of merchandise categories will produce high sales volumes and rapid inventory turnover. This rapid inventory turnover enables Costco to operate profitably at significantly lower gross margins than traditional wholesalers, discount retailers and supermarkets.”

Sterling Global Strategies Llc holds 13.89% of its portfolio in Costco Wholesale Corporation for 23,269 shares. Greenbrier Partners Capital Management Llc owns 225,000 shares or 9.71% of their US portfolio. Moreover, Horseman Capital Management Ltd has 9.56% invested in the company for 279,400 shares. The California-based Lourd Capital Llc has invested 8.03% in the stock. Archon Capital Management Llc, a Washington-based fund reported 41,100 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 12 selling transactions for $12.48 million net activity.

Costco Wholesale Corporation (NASDAQ:COST) Ratings Coverage

Ratings analysis reveals 71% of Costco Wholesale’s analysts are positive. Out of 21 Wall Street analysts rating Costco Wholesale, 15 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $144.0 while the high is $198. The stock’s average target of $173.10 is 14.18% above today’s ($151.6) share price. COST was included in 41 notes of analysts from August 24, 2015. Vetr upgraded the shares of COST in a report on Monday, August 24 to “Buy” rating. Citigroup maintained the stock with “Neutral” rating in Friday, May 27 report. On Tuesday, August 16 the stock rating was maintained by Citigroup with “Neutral”. The firm has “Equal-Weight” rating by Barclays Capital given on Thursday, March 31. The stock has “Buy” rating given by Goldman Sachs on Wednesday, June 1. BMO Capital Markets maintained Costco Wholesale Corporation (NASDAQ:COST) on Friday, February 5 with “Outperform” rating. Wolfe Research downgraded Costco Wholesale Corporation (NASDAQ:COST) on Friday, April 29 to “Peer Perform” rating. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned “Buy” rating by Deutsche Bank on Wednesday, December 9. Piper Jaffray maintained the stock with “Overweight” rating in Wednesday, December 9 report. The rating was downgraded by Northcoast on Tuesday, November 3 to “Neutral”.

COST Company Profile

Costco Wholesale Corporation, incorporated on May 12, 1987, is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world. The Company’s average warehouse space is approximately 144,000 square feet. The Company’s warehouses on average operate on a seven-day, 70-hour week. The Firm offers merchandise in various categories, which include foods (including dry foods, packaged foods and groceries); sundries (including snack foods, candy, alcoholic and nonalcoholic beverages, and cleaning supplies); hardlines (including appliances, electronics, health and beauty aids, hardware, and garden and patio); fresh foods (including meat, produce, deli and bakery); softlines (including apparel and small appliances), and other (including gas stations and pharmacy).

More news for Costco Wholesale Corporation (NASDAQ:COST) were recently published by: Fool.com, which released: “Better Buy: Costco Wholesale Corporation vs. Wal-Mart Stores, Inc.” on November 16, 2016. Fool.com‘s article titled: “Are Shares of Costco Wholesale Corporation a Good Value?” and published on October 26, 2016 is yet another important article.

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By Louis Casey


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