News coverage about Costco Wholesale (NASDAQ:COST) has been trending positive this week, according to InfoTrie. InfoTrie rates the sentiment of press coverage by monitoring more than 6,000 news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Costco Wholesale earned a media sentiment score of 2.12 on their scale. InfoTrie also assigned media stories about the retailer an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company’s share price in the near future.

These are some of the news articles that may have effected Costco Wholesale’s analysis:

Several equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $272.00 price target for the company in a research report on Tuesday. BidaskClub lowered shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $265.00 price objective (up from $250.00) on shares of Costco Wholesale in a research note on Tuesday, April 9th. Gordon Haskett lowered shares of Costco Wholesale from an “accumulate” rating to a “hold” rating and set a $244.90 price objective on the stock. in a research note on Wednesday, May 29th. They noted that the move was a valuation call. Finally, Stifel Nicolaus upped their price objective on shares of Costco Wholesale from $247.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Seven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $252.13.

Costco Wholesale stock opened at $257.11 on Wednesday. Costco Wholesale has a 1-year low of $189.51 and a 1-year high of $259.61. The firm has a market capitalization of $113.07 billion, a price-to-earnings ratio of 37.64, a price-to-earnings-growth ratio of 3.59 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.48 and a current ratio of 0.98.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, May 30th. The retailer reported $1.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.83 by $0.06. Costco Wholesale had a net margin of 2.41% and a return on equity of 25.03%. The company had revenue of $34.74 billion during the quarter, compared to the consensus estimate of $34.72 billion. During the same quarter in the prior year, the company posted $1.70 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts predict that Costco Wholesale will post 8.04 EPS for the current year.

Costco Wholesale announced that its board has initiated a share repurchase program on Friday, April 26th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the retailer to reacquire up to 3.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Thursday, May 9th. This is an increase from Costco Wholesale’s previous quarterly dividend of $0.57. Costco Wholesale’s dividend payout ratio (DPR) is 38.07%.

In other news, Director Susan L. Decker sold 2,790 shares of Costco Wholesale stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $254.62, for a total value of $710,389.80. Following the completion of the transaction, the director now owns 45,405 shares in the company, valued at $11,561,021.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James C. Klauer sold 5,000 shares of Costco Wholesale stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $255.53, for a total transaction of $1,277,650.00. Following the completion of the transaction, the insider now owns 48,310 shares of the company’s stock, valued at approximately $12,344,654.30. The disclosure for this sale can be found here. Insiders have sold 12,140 shares of company stock valued at $3,056,340 in the last 90 days. 0.21% of the stock is currently owned by corporate insiders.

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About Costco Wholesale

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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