Costco Wholesale (COST) Getting Positive News Coverage, Report Finds
Press coverage about Costco Wholesale (NASDAQ:COST) has trended positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Costco Wholesale earned a coverage optimism score of 0.27 on Accern’s scale. Accern also assigned press coverage about the retailer an impact score of 43.9442509934332 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Thomas Story & Son Llc Buys Costco Wholesale Corp, Williams-Sonoma Inc, Sells Gentex Corp, Visa Inc, Schlumberger – GuruFocus.com (gurufocus.com)
- Here's Why the Best Is Yet to Come for Costco (finance.yahoo.com)
- Chenault dealt with crises, competition as head of AmEx (marketbeat.com)
- BMO Capital Markets Analysts Give Costco Wholesale (COST) a $223.00 Price Target (americanbankingnews.com)
- [$$] By Shrinking, Can Sam’s Club Keep Up With Costco? (finance.yahoo.com)
COST has been the topic of a number of research analyst reports. Moffett Nathanson initiated coverage on shares of Costco Wholesale in a report on Monday, December 4th. They set a “buy” rating on the stock. < Robert W. Baird reissued a "buy" rating and set a $215.00 price objective on shares of Costco Wholesale in a report on Friday, December 15th. Susquehanna Bancshares boosted their target price on shares of Costco Wholesale from $205.00 to $215.00 and gave the company a "positive" rating in a research report on Friday, December 15th. Stifel Nicolaus restated a "buy" rating and set a $200.00 target price (up from $185.00) on shares of Costco Wholesale in a research report on Friday, December 15th. Finally, Vetr downgraded shares of Costco Wholesale from a “hold” rating to a “sell” rating and set a $175.44 target price for the company. in a research report on Friday, December 1st. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $189.20.
Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.01. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The company had revenue of $31.81 billion for the quarter, compared to analyst estimates of $31.01 billion. During the same period in the prior year, the business earned $1.24 EPS. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. analysts predict that Costco Wholesale will post 6.71 EPS for the current year.
In related news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $161.97, for a total value of $161,970.00. Following the transaction, the director now directly owns 8,654 shares of the company’s stock, valued at approximately $1,401,688.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James D. Sinegal sold 30,000 shares of the stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $192.06, for a total transaction of $5,761,800.00. Following the completion of the transaction, the director now directly owns 746,209 shares in the company, valued at $143,316,900.54. The disclosure for this sale can be found here. Insiders sold a total of 104,677 shares of company stock worth $19,641,535 over the last 90 days. Company insiders own 0.58% 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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