Media stories about Costco Wholesale (NASDAQ:COST) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded 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 0.19 on Accern’s scale. Accern also assigned news stories about the retailer an impact score of 44.2045484773014 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Costco Wholesale (COST) Upgraded to “Buy” at Vetr (americanbankingnews.com)
- Costco Wholesale (COST) Downgraded by Vetr (americanbankingnews.com)
- 12 Truths Every Costco Shopper Understands (scarymommy.com)
- Costco reportedly mulls new Puget Sound-area store (bizjournals.com)
- Intrinsic Calculation For Costco Wholesale Corporation (NASDAQ:COST) Shows Investors Are Overpaying (finance.yahoo.com)
Several research analysts have weighed in on COST shares. Moffett Nathanson started coverage on shares of Costco Wholesale in a report on Monday, December 4th. They issued a “buy” rating on the stock. < Robert W. Baird reissued a "buy" rating and issued a $215.00 price target on shares of Costco Wholesale in a report on Friday, December 15th. Susquehanna Bancshares increased their price target on shares of Costco Wholesale from $205.00 to $215.00 and gave the company a "positive" rating in a report on Friday, December 15th. Stifel Nicolaus reissued a "buy" rating and issued a $200.00 price target (up from $185.00) on shares of Costco Wholesale in a report on Friday, December 15th. Finally, Vetr cut shares of Costco Wholesale from a “hold” rating to a “sell” rating and set a $175.44 target price on the stock. in a report on Friday, December 1st. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Costco Wholesale presently has a consensus rating of “Buy” and a consensus target price of $190.76.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Wednesday, March 7th. The retailer reported $1.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by ($0.03). The firm had revenue of $33 billion for the quarter, compared to analyst estimates of $32.73 billion. Costco Wholesale had a return on equity of 24.74% and a net margin of 2.18%. The business’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.17 EPS. equities research analysts predict that Costco Wholesale will post 6.71 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 16th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.11%. Costco Wholesale’s dividend payout ratio is 29.81%.
In other Costco Wholesale news, Director John W. Meisenbach sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $187.23, for a total value of $561,690.00. Following the sale, the director now owns 8,654 shares in the company, valued at $1,620,288.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Roland Michael Vachris sold 5,200 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $187.98, for a total transaction of $977,496.00. Following the completion of the sale, the vice president now owns 15,694 shares in the company, valued at approximately $2,950,158.12. The disclosure for this sale can be found here. Insiders sold 106,859 shares of company stock worth $20,176,650 in the last 90 days. Company insiders own 0.74% of the company’s stock.
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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