Media coverage about Costco Wholesale Corporation (NASDAQ:COST) has been trending positive recently, according to Accern. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Costco Wholesale Corporation earned a news sentiment score of 0.28 on Accern’s scale. Accern also gave news articles about the retailer an impact score of 45.2002059090037 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Costco’s E-Commerce Plans Won’t Work (seekingalpha.com)
- Costco: A Buy After Evaluating Concerns – Seeking Alpha (seekingalpha.com)
- Safely Be a Buyer of Costco Wholesale Corporation (COST) Stock — At a Discount – Investorplace.com (investorplace.com)
- Corporate News Blog – PriceSmart Announces New Warehouse Club and September Sales Figures (finance.yahoo.com)
- Cramer: Wouldn't be 'shocked' if Wal-Mart went up 15% fro… (finance.yahoo.com)
Costco Wholesale Corporation (NASDAQ:COST) traded up 1.46% during trading on Tuesday, hitting $156.87. The stock had a trading volume of 5,420,155 shares. The stock’s 50-day moving average is $159.88 and its 200 day moving average is $164.64. The firm has a market cap of $68.58 billion, a price-to-earnings ratio of 25.80 and a beta of 0.94. Costco Wholesale Corporation has a one year low of $142.11 and a one year high of $183.18.
Costco Wholesale Corporation (NASDAQ:COST) last released its earnings results on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.06. The firm had revenue of $42.30 billion during the quarter, compared to analyst estimates of $41.55 billion. Costco Wholesale Corporation had a return on equity of 22.33% and a net margin of 2.08%. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.77 earnings per share. Equities analysts anticipate that Costco Wholesale Corporation will post $6.43 earnings per share for the current year.
Several research firms have commented on COST. BMO Capital Markets restated an “outperform” rating and issued a $195.00 price objective on shares of Costco Wholesale Corporation in a research report on Friday, June 16th. Goldman Sachs Group, Inc. (The) lowered Costco Wholesale Corporation from a “conviction-buy” rating to a “neutral” rating and lowered their price objective for the stock from $197.00 to $176.00 in a research report on Friday, June 16th. Cowen and Company restated an “outperform” rating and issued a $190.00 price objective on shares of Costco Wholesale Corporation in a research report on Monday, June 19th. Deutsche Bank AG lowered Costco Wholesale Corporation from a “buy” rating to a “hold” rating and upped their price objective for the stock from $142.11 to $167.11 in a research report on Monday, June 19th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Costco Wholesale Corporation in a research report on Monday, June 19th. Twelve investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $178.50.
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In related news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $164.92, for a total value of $164,920.00. Following the completion of the transaction, the director now directly owns 6,974 shares in the company, valued at $1,150,152.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 3,000 shares of company stock valued at $481,760 over the last quarter. Insiders own 0.74% of the company’s stock.
About Costco Wholesale Corporation
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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