Costco Wholesale Corporation (COST) Receiving Somewhat Positive Media Coverage, Study Shows

News headlines about Costco Wholesale Corporation (NASDAQ:COST) have trended somewhat positive this week, Accern reports. 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 positive one, with scores closest to one being the most favorable. Costco Wholesale Corporation earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned headlines about the retailer an impact score of 75 out of 100, indicating that recent news coverage is likely to have an impact on the company’s share price in the next several days.

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

Several research analysts have recently issued reports on COST shares. Vetr upgraded shares of Costco Wholesale Corporation from a “hold” rating to a “buy” rating and set a $168.75 target price on the stock in a research note on Tuesday, July 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $185.00 target price on shares of Costco Wholesale Corporation in a research note on Thursday, May 4th. Robert W. Baird reiterated an “outperform” rating and issued a $200.00 target price on shares of Costco Wholesale Corporation in a research note on Wednesday, April 26th. BidaskClub downgraded shares of Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, Deutsche Bank AG cut shares of Costco Wholesale Corporation from a “buy” rating to a “hold” rating and boosted their price objective for the company from $142.11 to $167.11 in a report on Monday, June 19th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-two have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $179.44.

Costco Wholesale Corporation (NASDAQ COST) opened at 152.84 on Tuesday. The company has a market cap of $67.03 billion, a price-to-earnings ratio of 26.53 and a beta of 0.94. Costco Wholesale Corporation has a 12 month low of $142.11 and a 12 month high of $183.18. The company’s 50 day moving average is $172.28 and its 200-day moving average is $169.16.

Costco Wholesale Corporation (NASDAQ:COST) last issued its quarterly earnings results on Thursday, May 25th. The retailer reported $1.40 EPS for the quarter, topping the consensus estimate of $1.31 by $0.09. The company had revenue of $28.86 billion during the quarter, compared to analyst estimates of $28.57 billion. Costco Wholesale Corporation had a net margin of 2.06% and a return on equity of 20.45%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.24 EPS. On average, analysts expect that Costco Wholesale Corporation will post $5.77 earnings per share for the current fiscal year.

In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $160.28, for a total transaction of $160,280.00. Following the sale, the director now owns 5,974 shares of the company’s stock, valued at approximately $957,512.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Daniel M. Hines sold 5,000 shares of Costco Wholesale Corporation stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $181.32, for a total transaction of $906,600.00. Following the sale, the insider now directly owns 28,786 shares in the company, valued at approximately $5,219,477.52. The disclosure for this sale can be found here. In the last three months, insiders sold 14,000 shares of company stock valued at $2,518,180. 0.74% of the stock is owned by insiders.

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Costco Wholesale Corporation Company Profile

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 Corporation (NASDAQ:COST)

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