News articles about Costco Wholesale (NASDAQ:COST) have trended positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Costco Wholesale earned a news sentiment score of 0.39 on Accern’s scale. Accern also gave headlines about the retailer an impact score of 46.5076267723343 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s analysis:
Several analysts recently weighed in on COST shares. Citigroup upped their price target on Costco Wholesale from $155.00 to $187.00 and gave the stock a “hold” rating in a research note on Friday, October 6th. Morgan Stanley cut Costco Wholesale from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $190.00 to $165.00 in a research report on Friday, October 6th. Zacks Investment Research cut Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Oppenheimer reaffirmed a “buy” rating on shares of Costco Wholesale in a research report on Friday, October 20th. Finally, Wells Fargo & Co set a $170.00 price target on Costco Wholesale and gave the company a “hold” rating in a report on Thursday, October 5th. Nine analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Costco Wholesale currently has an average rating of “Buy” and an average price target of $188.90.
Shares of Costco Wholesale (NASDAQ COST) opened at $191.84 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.98 and a quick ratio of 0.43. The stock has a market cap of $84,238.09, a PE ratio of 30.50, a price-to-earnings-growth ratio of 3.18 and a beta of 0.98. Costco Wholesale has a 12 month low of $150.00 and a 12 month high of $195.35.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.01. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The firm had revenue of $31.81 billion during the quarter, compared to the consensus estimate of $31.01 billion. During the same quarter in the previous year, the firm posted $1.24 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. equities analysts forecast that Costco Wholesale will post 6.61 EPS for the current year.
In related news, VP Timothy L. Rose sold 5,000 shares of Costco Wholesale stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $193.20, for a total transaction of $966,000.00. Following the transaction, the vice president now directly owns 52,529 shares of the company’s stock, valued at $10,148,602.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $161.97, for a total transaction of $161,970.00. Following the transaction, the director now directly owns 8,654 shares in the company, valued at $1,401,688.38. The disclosure for this sale can be found here. Insiders have sold 87,027 shares of company stock valued at $15,872,935 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.
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