Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Costco Wholesale (COST) Stock Price
News headlines about Costco Wholesale (NASDAQ:COST) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Costco Wholesale earned a news impact score of 0.24 on Accern’s scale. Accern also assigned media headlines about the retailer an impact score of 45.1100082433553 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern’s scoring:
- Costco Wholesale Co. (COST) Director James D. Sinegal Sells 30,000 Shares (americanbankingnews.com)
- AmEx’s Customer Rewards Are Starting to Get Costly – Bloomberg – Bloomberg (bloomberg.com)
- How Analyst Price Targets for Walmart Are Trending (finance.yahoo.com)
- Larry Summers says sugar, cigarette taxes aren’t evidence of a ‘nanny state’ (finance.yahoo.com)
- Costco Wholesale Co. (COST) Expected to Post Quarterly Sales of $32.64 Billion (americanbankingnews.com)
Shares of Costco Wholesale (COST) traded up $0.78 during mid-day trading on Friday, reaching $192.29. The company had a trading volume of 2,303,915 shares, compared to its average volume of 2,820,000. Costco Wholesale has a 52-week low of $150.00 and a 52-week high of $195.35. The firm has a market capitalization of $84,450.00, a price-to-earnings ratio of 30.57, a PEG ratio of 3.17 and a beta of 0.98. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.98 and a quick ratio of 0.43.
Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.01. The company had revenue of $31.81 billion for the quarter, compared to analyst estimates of $31.01 billion. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. Costco Wholesale’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.24 earnings per share. equities research analysts anticipate that Costco Wholesale will post 6.66 earnings per share for the current year.
COST has been the topic of a number of recent research reports. Tigress Financial reissued a “buy” rating on shares of Costco Wholesale in a report on Friday, January 5th. Citigroup reissued a “buy” rating and issued a $190.00 target price (up previously from $187.00) on shares of Costco Wholesale in a report on Monday, October 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $190.00 target price (up previously from $184.00) on shares of Costco Wholesale in a report on Friday, October 6th. Jefferies Group reissued a “hold” rating and issued a $162.00 target price (down previously from $168.00) on shares of Costco Wholesale in a report on Friday, October 6th. Finally, Oppenheimer set a $185.00 target price on Costco Wholesale and gave the company a “buy” rating in a report on Friday, October 6th. Nine research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $188.90.
In other Costco Wholesale news, Director James D. Sinegal sold 30,000 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $192.06, for a total value of $5,761,800.00. Following the sale, the director now owns 746,209 shares of the company’s stock, valued at $143,316,900.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard A. Galanti sold 3,000 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $170.95, for a total value of $512,850.00. Following the completion of the sale, the chief financial officer now directly owns 35,225 shares in the company, valued at approximately $6,021,713.75. The disclosure for this sale can be found here. Insiders sold 112,027 shares of company stock worth $20,831,835 in the last three months. 0.74% of the stock is owned by corporate insiders.
COPYRIGHT VIOLATION NOTICE: “Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Costco Wholesale (COST) Stock Price” was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The legal version of this story can be read at https://www.watchlistnews.com/somewhat-favorable-media-coverage-somewhat-unlikely-to-affect-costco-wholesale-cost-stock-price/1814548.html.
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.
Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.