News stories about Costco Wholesale (NASDAQ:COST) have trended positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Costco Wholesale earned a daily sentiment score of 0.36 on Accern’s scale. Accern also assigned news coverage about the retailer an impact score of 46.9390183501363 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
Shares of Costco Wholesale (NASDAQ COST) opened at $191.84 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a market cap of $84,238.09, a PE ratio of 31.92, a price-to-earnings-growth ratio of 3.18 and a beta of 0.98. Costco Wholesale has a one year low of $150.00 and a one year high of $195.35.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.01. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The business had revenue of $31.81 billion during the quarter, compared to the consensus estimate of $31.01 billion. During the same period in the previous year, the company posted $1.24 earnings per share. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. sell-side analysts anticipate that Costco Wholesale will post 6.61 EPS for the current fiscal year.
Several brokerages recently commented on COST. Oppenheimer reaffirmed a “buy” rating on shares of Costco Wholesale in a research report on Friday, December 15th. Susquehanna Bancshares raised their price target on shares of Costco Wholesale from $205.00 to $215.00 and gave the stock a “positive” rating in a research report on Friday, December 15th. BMO Capital Markets raised shares of Costco Wholesale from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $192.73 to $215.00 in a research note on Monday, December 18th. Vetr raised shares of Costco Wholesale from a “sell” rating to a “hold” rating and set a $186.56 price objective on the stock in a research note on Monday, December 18th. Finally, Barclays reaffirmed a “buy” rating and set a $208.00 price objective on shares of Costco Wholesale in a research note on Tuesday, December 19th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $188.90.
In related news, VP Richard A. Galanti sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $191.62, for a total value of $958,100.00. Following the completion of the transaction, the vice president now directly owns 32,880 shares of the company’s stock, valued at $6,300,465.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard A. Galanti sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $170.95, for a total value of $512,850.00. Following the completion of the transaction, the chief financial officer now directly owns 35,225 shares of the company’s stock, valued at $6,021,713.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,027 shares of company stock valued at $15,872,935. Corporate insiders own 0.74% of the company’s stock.
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Costco Wholesale Company Profile
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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