Favorable News Coverage Somewhat Unlikely to Affect Costco Wholesale (COST) Stock Price
Press coverage about Costco Wholesale (NASDAQ:COST) has been trending positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Costco Wholesale earned a daily sentiment score of 0.38 on Accern’s scale. Accern also gave press coverage about the retailer an impact score of 44.9811685278586 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Costco Wholesale (COST) Given Buy Rating at JP Morgan Chase & Co (nismagazine.com)
- Retail's Tale of the Tape So Far: Happy Holidays (finance.yahoo.com)
- Amazon/Whole Foods Vs. Costco: Costco Has Cheaper Prices, But Amazon Still Wins (finance.yahoo.com)
- Costco’s stock hits record high after Raymond James boosts price target (finance.yahoo.com)
- Costco Makes a New High and Golden Cross, so What’s the Problem? (finance.yahoo.com)
Shares of Costco Wholesale (NASDAQ COST) traded down $1.74 during trading hours on Wednesday, hitting $187.82. 3,182,800 shares of the company were exchanged, compared to its average volume of 3,106,348. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.59. Costco Wholesale has a twelve month low of $150.00 and a twelve month high of $191.22. The company has a market cap of $82,835.75, a P/E ratio of 32.57, a PEG ratio of 3.02 and a beta of 0.98.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.06. Costco Wholesale had a net margin of 2.08% and a return on equity of 22.21%. The business had revenue of $42.30 billion during the quarter, compared to the consensus estimate of $41.55 billion. During the same quarter in the prior year, the firm earned $1.77 EPS. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. analysts expect that Costco Wholesale will post 6.46 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Thursday, November 16th. Costco Wholesale’s dividend payout ratio is presently 32.89%.
Several research firms have recently weighed in on COST. Moffett Nathanson began coverage on shares of Costco Wholesale in a research report on Monday. They issued a “buy” rating for the company. < Vetr raised shares of Costco Wholesale from a “buy” rating to a “strong-buy” rating and set a $182.22 target price for the company in a research report on Monday, August 21st. Oppenheimer reissued a “buy” rating on shares of Costco Wholesale in a research report on Thursday, August 24th. Morgan Stanley downgraded shares of Costco Wholesale from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $190.00 to $165.00 in a research report on Friday, October 6th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $200.00 target price on shares of Costco Wholesale in a research report on Monday, September 25th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have given a buy rating to the company’s stock. Costco Wholesale has an average rating of “Buy” and an average target price of $179.50.
In other Costco Wholesale news, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $164.92, for a total transaction of $164,920.00. Following the completion of the transaction, the director now directly owns 6,974 shares of the company’s stock, valued at approximately $1,150,152.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John D. Mckay sold 8,111 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $172.78, for a total transaction of $1,401,418.58. Following the transaction, the insider now directly owns 66,751 shares of the company’s stock, valued at $11,533,237.78. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,842 shares of company stock valued at $5,520,848. 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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