Costco Wholesale (COST) Earning Somewhat Favorable News Coverage, Report Finds

Press coverage about Costco Wholesale (NASDAQ:COST) has been trending somewhat positive on Thursday, Accern Sentiment reports. Accern scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Costco Wholesale earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned news headlines about the retailer an impact score of 45.1573103719153 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the media stories that may have impacted Accern’s rankings:

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Several research analysts have weighed in on the company. Vetr raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 target price on the stock in a research report on Thursday, January 4th. Argus upped their target price on Costco Wholesale to $200.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. Oppenheimer upped their target price on Costco Wholesale from $180.00 to $210.00 and gave the stock an “outperform” rating in a research report on Monday, January 8th. BidaskClub lowered Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 9th. Finally, BMO Capital Markets raised Costco Wholesale from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $192.73 to $215.00 in a research report on Monday, December 18th. Nine investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $190.76.

COST opened at $185.52 on Thursday. The company has a market capitalization of $80,132.97, a price-to-earnings ratio of 31.88, a price-to-earnings-growth ratio of 2.60 and a beta of 0.96. The company has a current ratio of 1.00, a quick ratio of 0.44 and a debt-to-equity ratio of 0.54. Costco Wholesale has a 12-month low of $150.00 and a 12-month high of $199.88.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Wednesday, March 7th. The retailer reported $1.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.45 by ($0.03). The business had revenue of $33 billion during the quarter, compared to analyst estimates of $32.73 billion. Costco Wholesale had a net margin of 2.18% and a return on equity of 24.74%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the business earned $1.17 EPS. research analysts expect that Costco Wholesale will post 6.71 EPS for the current fiscal year.

In other Costco Wholesale news, Director John W. Meisenbach sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $186.91, for a total value of $560,730.00. Following the sale, the director now owns 8,654 shares of the company’s stock, valued at approximately $1,617,519.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Timothy L. Rose sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $184.46, for a total value of $2,213,520.00. Following the completion of the sale, the vice president now owns 22,903 shares of the company’s stock, valued at approximately $4,224,687.38. The disclosure for this sale can be found here. Insiders sold a total of 106,859 shares of company stock worth $20,175,690 in the last ninety days. Insiders own 0.74% of the company’s stock.

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About Costco Wholesale

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. As of August 28, 2016, the Company operated 715 warehouses across the world.

Insider Buying and Selling by Quarter for Costco Wholesale (NASDAQ:COST)

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