Costco Wholesale (NASDAQ:COST) Earning Critical Media Coverage, Analysis Shows

Press coverage about Costco Wholesale (NASDAQ:COST) has been trending negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Costco Wholesale earned a coverage optimism score of -2.80 on their scale. InfoTrie also gave press coverage about the retailer an news buzz score of 0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news stories that may have impacted Costco Wholesale’s score:

A number of brokerages have issued reports on COST. BMO Capital Markets raised their target price on shares of Costco Wholesale from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. Barclays reaffirmed a “neutral” rating on shares of Costco Wholesale in a report on Sunday, March 8th. Cowen reaffirmed a “buy” rating and set a $350.00 target price on shares of Costco Wholesale in a report on Friday, March 6th. BidaskClub upgraded Costco Wholesale from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Finally, Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating in a report on Tuesday, March 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $315.42.

COST stock traded up $11.44 during trading on Thursday, reaching $292.30. 5,462,201 shares of the company’s stock were exchanged, compared to its average volume of 3,356,734. Costco Wholesale has a 1-year low of $233.05 and a 1-year high of $325.26. The firm has a market cap of $125.82 billion, a PE ratio of 34.31, a P/E/G ratio of 3.90 and a beta of 0.91. The company’s fifty day moving average price is $305.81 and its 200-day moving average price is $299.56. The company has a quick ratio of 0.52, a current ratio of 1.04 and a debt-to-equity ratio of 0.44.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, March 5th. The retailer reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.04. The business had revenue of $39.10 billion for the quarter, compared to analysts’ expectations of $38.26 billion. Costco Wholesale had a net margin of 2.39% and a return on equity of 23.41%. The company’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.01 earnings per share. As a group, sell-side analysts expect that Costco Wholesale will post 8.72 earnings per share for the current fiscal year.

In other Costco Wholesale news, Director Susan L. Decker sold 3,850 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $300.41, for a total transaction of $1,156,578.50. Following the completion of the transaction, the director now directly owns 34,582 shares of the company’s stock, valued at approximately $10,388,778.62. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Richard A. Galanti sold 1,448 shares of Costco Wholesale stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $306.51, for a total value of $443,826.48. Following the transaction, the chief financial officer now owns 23,967 shares in the company, valued at $7,346,125.17. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by insiders.

About Costco Wholesale

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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