Media coverage about Costco Wholesale (NASDAQ:COST) has trended positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Costco Wholesale earned a media sentiment score of 0.33 on Accern’s scale. Accern also gave press coverage about the retailer an impact score of 46.1240535110972 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s scoring:
Shares of NASDAQ COST traded up $1.29 during trading on Thursday, hitting $195.26. 1,439,446 shares of the company were exchanged, compared to its average volume of 2,483,969. The firm has a market capitalization of $84,477.29, a P/E ratio of 33.55, a PEG ratio of 2.72 and a beta of 0.96. Costco Wholesale has a 1 year low of $150.00 and a 1 year high of $199.88. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.44 and a current ratio of 1.00.
Costco Wholesale (NASDAQ:COST) last issued its earnings results on Wednesday, March 7th. The retailer reported $1.42 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.03). The company had revenue of $33 billion for the quarter, compared to analysts’ expectations of $32.73 billion. Costco Wholesale had a return on equity of 24.74% and a net margin of 2.18%. Costco Wholesale’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 earnings per share. sell-side analysts forecast that Costco Wholesale will post 6.77 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, May 11th will be given a dividend of $0.57 per share. This is a positive change from Costco Wholesale’s previous quarterly dividend of $0.50. This represents a $2.28 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, May 10th. Costco Wholesale’s payout ratio is presently 34.36%.
A number of equities analysts have recently commented on the stock. Wells Fargo raised shares of Costco Wholesale from a “market perform” rating to an “outperform” rating and cut their target price for the company from $191.42 to $188.91 in a report on Monday, April 16th. BidaskClub raised shares of Costco Wholesale from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 28th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $205.00 target price (down from $209.00) on shares of Costco Wholesale in a report on Thursday, March 8th. Vetr cut shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $195.68 target price on the stock. in a report on Tuesday, February 20th. Finally, Argus lifted their target price on shares of Costco Wholesale to $200.00 and gave the company a “buy” rating in a report on Monday, February 12th. Eight analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Costco Wholesale currently has an average rating of “Buy” and an average target price of $192.14.
In other Costco Wholesale news, VP Timothy L. Rose sold 17,000 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $185.33, for a total transaction of $3,150,610.00. Following the sale, the vice president now directly owns 34,903 shares in the company, valued at approximately $6,468,572.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John W. Meisenbach sold 3,000 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $193.41, for a total transaction of $580,230.00. Following the sale, the director now owns 8,654 shares in the company, valued at $1,673,770.14. The disclosure for this sale can be found here. Insiders have sold a total of 62,067 shares of company stock worth $11,690,902 over the last 90 days. Insiders own 0.74% of the company’s stock.
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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