Costco Wholesale (NASDAQ:COST) Receiving Somewhat Positive News Coverage, Report Shows

Headlines about Costco Wholesale (NASDAQ:COST) have trended somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Costco Wholesale earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned headlines about the retailer an impact score of 45.1100082433553 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news headlines that may have effected Accern’s scoring:

Shares of Costco Wholesale (NASDAQ:COST) opened at $180.72 on Friday. Costco Wholesale has a 12-month low of $150.00 and a 12-month high of $199.88. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.43 and a current ratio of 0.98. The company has a market capitalization of $79,370.00, a PE ratio of 28.73, a PEG ratio of 2.95 and a beta of 0.99.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.01. The firm had revenue of $31.81 billion for the quarter, compared to analyst estimates of $31.01 billion. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. Costco Wholesale’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company posted $1.24 EPS. analysts predict that Costco Wholesale will post 6.71 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 16th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Thursday, February 15th. Costco Wholesale’s dividend payout ratio is presently 31.80%.

Several research analysts recently issued reports on COST shares. Vetr cut Costco Wholesale from a “buy” rating to a “hold” rating and set a $200.28 price objective on the stock. in a research note on Monday, January 22nd. BMO Capital Markets set a $223.00 price objective on Costco Wholesale and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Oppenheimer restated a “buy” rating on shares of Costco Wholesale in a report on Friday, December 15th. Susquehanna Bancshares upped their target price on Costco Wholesale from $205.00 to $215.00 and gave the stock a “positive” rating in a report on Friday, December 15th. Finally, Barclays restated a “buy” rating and set a $208.00 target price on shares of Costco Wholesale in a report on Tuesday, December 19th. Nine investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $189.97.

In other Costco Wholesale news, insider John D. Mckay sold 8,111 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $172.78, for a total value of $1,401,418.58. Following the transaction, the insider now directly owns 66,751 shares of the company’s stock, valued at approximately $11,533,237.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Timothy L. Rose sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $193.20, for a total transaction of $966,000.00. Following the completion of the transaction, the vice president now directly owns 52,529 shares in the company, valued at $10,148,602.80. The disclosure for this sale can be found here. Insiders sold a total of 99,296 shares of company stock worth $18,810,236 over the last ninety days. 0.74% of the stock is currently owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Costco Wholesale (NASDAQ:COST)

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