Costco Wholesale Corporation (NASDAQ:COST) Getting Somewhat Favorable News Coverage, Report Finds
Press coverage about Costco Wholesale Corporation (NASDAQ:COST) has been trending somewhat positive on Monday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Costco Wholesale Corporation earned a news impact score of 0.00 on Accern’s scale. Accern also gave news stories about the retailer an impact score of 43.6967908984956 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Costco owes Tiffany $19.4 mln for fake Tiffany rings -U.S. judge (TIF, COST) (markets.businessinsider.com)
- Costco taps new chairman after death of founder (retaildive.com)
- Costco Hit With $19M Damages In Tiffany Trademark Fight (law360.com)
- Costco owes $19.4 million for selling counterfeit Tiffany engagement rings (globalnews.ca)
- Why Target’s Fiscal 2Q17 Margins Are Expected to Underperform (finance.yahoo.com)
A number of equities research analysts have weighed in on the stock. Wells Fargo & Company restated a “hold” rating on shares of Costco Wholesale Corporation in a report on Thursday, August 3rd. Stifel Nicolaus set a $173.00 price objective on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a report on Thursday, August 3rd. BidaskClub upgraded shares of Costco Wholesale Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Deutsche Bank AG set a $172.00 price objective on shares of Costco Wholesale Corporation and gave the stock a “hold” rating in a report on Monday, July 31st. Finally, Robert W. Baird set a $200.00 price objective on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $179.11.
Shares of Costco Wholesale Corporation (NASDAQ:COST) traded up 0.80% during trading on Monday, hitting $157.91. 2,028,894 shares of the company’s stock were exchanged. Costco Wholesale Corporation has a 12-month low of $142.11 and a 12-month high of $183.18. The company has a market cap of $69.26 billion, a P/E ratio of 27.41 and a beta of 0.93. The company has a 50-day moving average of $155.49 and a 200-day moving average of $167.58.
Costco Wholesale Corporation (NASDAQ:COST) last released its earnings results on Thursday, May 25th. The retailer reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.09. Costco Wholesale Corporation had a net margin of 2.06% and a return on equity of 20.45%. The business had revenue of $28.86 billion during the quarter, compared to analyst estimates of $28.57 billion. During the same quarter in the prior year, the firm earned $1.24 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities analysts expect that Costco Wholesale Corporation will post $5.77 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be issued a dividend of $0.50 per share. This is a positive change from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.27%. Costco Wholesale Corporation’s dividend payout ratio is presently 34.66%.
In other news, insider John D. Mckay sold 3,000 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $181.60, for a total transaction of $544,800.00. Following the completion of the sale, the insider now owns 62,607 shares of the company’s stock, valued at $11,369,431.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $159.25, for a total transaction of $159,250.00. Following the sale, the director now directly owns 4,974 shares of the company’s stock, valued at approximately $792,109.50. The disclosure for this sale can be found here. Insiders have sold 15,000 shares of company stock valued at $2,677,430 in the last ninety days. Insiders own 0.74% of the company’s stock.
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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.
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