Another Recommendation On Wall Street for Costco (NASDAQ:COST). This time with a $224 Share Target Price

May 17, 2018 - By Kristen Paramore

Costco Wholesale Corporation (NASDAQ:COST) Logo

Investors sentiment decreased to 0.98 in Q4 2017. Its down 0.21, from 1.19 in 2017Q3. It worsened, as 64 investors sold Costco Wholesale Corporation shares while 442 reduced holdings. 134 funds opened positions while 364 raised stakes. 308.22 million shares or 1.23% more from 304.48 million shares in 2017Q3 were reported.

Aristotle Capital Management Ltd holds 0% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST) for 1,100 shares. Element Mngmt Ltd Liability reported 251,413 shares. Nadler Grp holds 0.07% or 1,295 shares. Bender Robert Assoc owns 0.17% invested in Costco Wholesale Corporation (NASDAQ:COST) for 1,625 shares. Ameriprise Financial accumulated 0.3% or 3.48M shares. Chilton Invest Limited Liability Co holds 3.24% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST) for 451,565 shares. Diversified has invested 0.02% in Costco Wholesale Corporation (NASDAQ:COST). Harvey Inv Lc accumulated 1.45% or 42,856 shares. Harding Loevner Ltd Partnership owns 355 shares. Telemus Limited Liability Company holds 3,000 shares or 0.04% of its portfolio. Cannell Peter B &, New York-based fund reported 76,392 shares. 303,348 are held by Blair William Il. The Colorado-based Semper Augustus Grp Inc Ltd Co has invested 2.82% in Costco Wholesale Corporation (NASDAQ:COST). Chemung Canal stated it has 0.07% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Cubist Systematic Strategies Llc holds 0.11% or 10,775 shares.

Since December 18, 2017, it had 0 buys, and 15 insider sales for $22.24 million activity. $3.86M worth of stock was sold by LIBENSON RICHARD M on Monday, December 18. $3.15 million worth of Costco Wholesale Corporation (NASDAQ:COST) shares were sold by Rose Timothy L.. Vachris Roland Michael had sold 5,200 shares worth $977,510 on Monday, January 8. Hines Daniel M. sold $943,080 worth of stock or 5,000 shares. The insider GALANTI RICHARD A sold $958,087. The insider Miller Russell D sold $2.41 million.

Why Has Loop Capital Given Costco (NASDAQ:COST) a $224 Price Target

Loop Capital started its coverage for Costco (NASDAQ:COST), this morning Thursday, 17 May. Investment firm found the stock of COST quite attractive and now has a price target of $224 with a key Buy rating.

Costco Wholesale Corporation (NASDAQ:COST) Ratings Coverage

Among 17 analysts covering Costco (NASDAQ:COST), 14 have Buy rating, 0 Sell and 3 Hold. Therefore 82% are positive. Costco has $230.0 highest and $175.0 lowest target. $205.08’s average target is 2.58% above currents $199.93 stock price. Costco had 25 analyst reports since November 22, 2017 according to SRatingsIntel. The firm has “Buy” rating by BMO Capital Markets given on Wednesday, January 24. BMO Capital Markets upgraded the stock to “Outperform” rating in Monday, December 18 report. The stock has “Buy” rating by Susquehanna on Thursday, April 12. The stock of Costco Wholesale Corporation (NASDAQ:COST) has “Buy” rating given on Thursday, November 30 by Stifel Nicolaus. The stock has “Buy” rating by Raymond James on Tuesday, December 5. The stock of Costco Wholesale Corporation (NASDAQ:COST) has “Outperform” rating given on Monday, April 16 by Wells Fargo. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned “Buy” rating by RBC Capital Markets on Friday, December 15. The rating was maintained by Jefferies on Friday, December 15 with “Hold”. Robert W. Baird maintained Costco Wholesale Corporation (NASDAQ:COST) rating on Thursday, December 14. Robert W. Baird has “Buy” rating and $215.0 target. The stock has “Hold” rating by Guggenheim on Friday, December 15.

The stock increased 0.61% or $1.22 during the last trading session, reaching $199.93. About 1.65 million shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 14.69% since May 17, 2017 and is uptrending. It has outperformed by 3.14% the S&P500.

Analysts await Costco Wholesale Corporation (NASDAQ:COST) to report earnings on May, 31 after the close. They expect $1.67 earnings per share, up 19.29 % or $0.27 from last year’s $1.4 per share. COST’s profit will be $732.83 million for 29.93 P/E if the $1.67 EPS becomes a reality. After $1.42 actual earnings per share reported by Costco Wholesale Corporation for the previous quarter, Wall Street now forecasts 17.61 % EPS growth.

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. The company has market cap of $87.73 billion. It offers branded and private-label products in a range of merchandise categories. It has a 29.8 P/E ratio. The firm 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; meat, bakery, deli, and produces; and apparel and small appliances.

More notable recent Costco Wholesale Corporation (NASDAQ:COST) news were published by: Finance.Yahoo.com which released: “Trade of the Day: Costco Wholesale Corporation Leads the Breakout” on May 17, 2018, also Nasdaq.com with their article: “What Costco’s 14% Dividend Boost Means” published on May 01, 2018, Globenewswire.com published: “Costco Wholesale Corporation Reports April Sales Results” on May 10, 2018. More interesting news about Costco Wholesale Corporation (NASDAQ:COST) were released by: Nasdaq.com and their article: “Walmart Inc Chases Its Great White Whale to India” published on May 10, 2018 as well as Seekingalpha.com‘s news article titled: “Costco Wholesale: Adapting To The Changing Landscape” with publication date: April 18, 2018.

Costco Wholesale Corporation (NASDAQ:COST) Institutional Positions Chart

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