Costco Wholesale (NASDAQ:COST) Hit With Buy Rating From Loop Capital, Analysts Expect $224 Stock Price

May 17, 2018 - By Mona Holcomb

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 dived, 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.

Jacobson & Schmitt Advsr Limited Liability Company stated it has 29,847 shares. Somerset Gp Limited Liability reported 3,616 shares. 108,298 are owned by Nomura Asset Mngmt Company Limited. Wms, Maryland-based fund reported 2,793 shares. Papp L Roy And Assocs invested in 46,283 shares or 1.7% of the stock. Exchange Cap Mgmt holds 0.66% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST) for 9,967 shares. Madison Invest has invested 0.42% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Arrowgrass Capital Ptnrs (Us) Ltd Partnership invested in 0.13% or 70,570 shares. Management Of Virginia Ltd Liability Com, Virginia-based fund reported 8,082 shares. Heritage Invsts has 0.15% invested in Costco Wholesale Corporation (NASDAQ:COST) for 13,217 shares. Rafferty Asset Mngmt Lc stated it has 9,300 shares. Bradley Foster Sargent Inc Ct invested in 1.36% or 201,579 shares. 26,866 are held by Motco. The California-based Pillar Pacific Capital Mngmt Ltd Limited Liability Company has invested 0.86% in Costco Wholesale Corporation (NASDAQ:COST). Louisiana State Employees Retirement reported 0.22% in Costco Wholesale Corporation (NASDAQ:COST).

Since December 18, 2017, it had 0 insider buys, and 15 sales for $22.24 million activity. MOULTON PAUL G also sold $2.21M worth of Costco Wholesale Corporation (NASDAQ:COST) shares. $977,510 worth of stock was sold by Vachris Roland Michael on Monday, January 8. Murphy James P. sold $937,421 worth of stock or 5,000 shares. Rose Timothy L. also sold $2.21M worth of Costco Wholesale Corporation (NASDAQ:COST) shares. The insider MEISENBACH JOHN W sold $589,470. LIBENSON RICHARD M also sold $3.86M worth of Costco Wholesale Corporation (NASDAQ:COST) shares.

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

In a report sent to clients and investors today, Loop Capital analysts has initiated Costco Wholesale (NASDAQ:COST) coverage with Buy rating, and a $224 target price.

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 2.75% above currents $199.6 stock price. Costco had 25 analyst reports since November 22, 2017 according to SRatingsIntel. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned “Buy” rating by Robert W. Baird on Thursday, December 14. The firm earned “Buy” rating on Thursday, March 8 by RBC Capital Markets. Oppenheimer maintained the shares of COST in report on Monday, January 8 with “Buy” rating. The stock has “Buy” rating by Stifel Nicolaus on Thursday, November 30. The firm earned “Buy” rating on Friday, December 15 by Cowen & Co. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned “Buy” rating by Robert W. Baird on Thursday, April 12. The rating was upgraded by Wells Fargo to “Outperform” on Monday, April 16. UBS maintained it with “Buy” rating and $21500 target in Thursday, May 3 report. Gordon Haskett upgraded Costco Wholesale Corporation (NASDAQ:COST) on Friday, January 12 to “Buy” rating. The firm has “Buy” rating given on Thursday, January 4 by Stifel Nicolaus.

The stock increased 0.45% or $0.89 during the last trading session, reaching $199.6. About 2.07 million shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 14.69% since May 18, 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 EPS, up 19.29 % or $0.27 from last year’s $1.4 per share. COST’s profit will be $732.83 million for 29.88 P/E if the $1.67 EPS becomes a reality. After $1.42 actual EPS 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 $87.59 billion. It offers branded and private-label products in a range of merchandise categories. It has a 29.75 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 Globenewswire.com with their article: “Costco Auto Program Announces Nationwide Special Offer with Volvo” published on May 04, 2018, Nasdaq.com published: “What Costco’s 14% Dividend Boost Means” on May 01, 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 Fool.com‘s news article titled: “3 Reasons to Buy Kraft Heinz Stock, 1 Reason to Sell” with publication date: May 16, 2018.

Costco Wholesale Corporation (NASDAQ:COST) Institutional Positions Chart

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