News stories about Costco Wholesale (NASDAQ:COST) have been trending positive on Saturday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Costco Wholesale earned a coverage optimism score of 0.32 on Accern’s scale. Accern also gave news articles about the retailer an impact score of 44.7602981844541 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
Several research analysts recently weighed in on COST shares. BidaskClub upgraded Costco Wholesale from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 28th. Royal Bank of Canada increased their price objective on Costco Wholesale to $213.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 29th. Wells Fargo & Co upgraded Costco Wholesale from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from $191.42 to $188.91 in a research report on Monday, April 16th. Loop Capital set a $220.00 price objective on Costco Wholesale and gave the stock a “buy” rating in a research report on Friday, June 1st. Finally, Citigroup raised their price target on Costco Wholesale from $217.00 to $222.00 and gave the stock a “buy” rating in a research report on Friday, June 1st. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $200.29.
Shares of Costco Wholesale opened at $209.62 on Friday, according to MarketBeat Ratings. The firm has a market capitalization of $91.72 billion, a PE ratio of 36.02, a P/E/G ratio of 2.78 and a beta of 0.95. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.47 and a current ratio of 1.01. Costco Wholesale has a 12-month low of $150.00 and a 12-month high of $212.46.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, May 31st. The retailer reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.02. The business had revenue of $32.36 billion for the quarter, compared to analysts’ expectations of $31.89 billion. Costco Wholesale had a return on equity of 24.67% and a net margin of 2.16%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the firm earned $1.40 earnings per share. analysts anticipate that Costco Wholesale will post 6.76 earnings per share for the current year.
In other Costco Wholesale news, insider Daniel M. Hines sold 7,000 shares of the firm’s stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $204.67, for a total value of $1,432,690.00. Following the sale, the insider now directly owns 23,853 shares in the company, valued at $4,881,993.51. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Richard A. Galanti sold 2,406 shares of the firm’s stock in a transaction on Friday, June 15th. The shares were sold at an average price of $207.11, for a total value of $498,306.66. Following the completion of the sale, the vice president now owns 25,474 shares in the company, valued at $5,275,920.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,884 shares of company stock worth $7,805,926. Insiders own 0.74% of the company’s stock.
Costco Wholesale Company Profile
Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.
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