Loop Capital Markets: Time To Buy Costco (NASDAQ:COST)? Has $224.0000 Valuation Target

May 17, 2018 - By Jason Grubb

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.

Carlton Hofferkamp Jenks Wealth Mngmt Limited Liability Corporation owns 15,572 shares. Brown Advisory Incorporated owns 2.07 million shares for 1.22% of their portfolio. Garrison Bradford And Assoc invested in 35,620 shares. Arete Wealth Advsrs Limited Liability Co owns 0.17% invested in Costco Wholesale Corporation (NASDAQ:COST) for 2,745 shares. Garde Capital Inc invested 0.37% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Wealthfront reported 22,394 shares stake. Lincoln Cap Ltd Liability Corporation reported 38,148 shares. Legal & General Group Public Ltd invested 0.32% in Costco Wholesale Corporation (NASDAQ:COST). Eqis Cap owns 4,997 shares. Toth Financial Advisory Corp invested 0.03% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Toronto Dominion Bankshares holds 0.1% in Costco Wholesale Corporation (NASDAQ:COST) or 188,730 shares. Salem Capital Mgmt Inc holds 0.95% or 10,045 shares. Clearbridge Invs Limited Liability Company reported 2.39 million shares. Moreover, Aviva Public has 0.33% invested in Costco Wholesale Corporation (NASDAQ:COST) for 312,809 shares. Waddell Reed Inc owns 905,784 shares for 0.37% of their portfolio.

Since December 18, 2017, it had 0 insider buys, and 15 insider sales for $22.24 million activity. $2.21M worth of Costco Wholesale Corporation (NASDAQ:COST) shares were sold by Rose Timothy L.. MOULTON PAUL G also sold $1.31 million worth of Costco Wholesale Corporation (NASDAQ:COST) shares. Hines Daniel M. sold $943,080 worth of Costco Wholesale Corporation (NASDAQ:COST) on Monday, January 8. Shares for $2.41M were sold by Miller Russell D. Another trade for 5,200 shares valued at $977,510 was sold by Vachris Roland Michael. Shares for $958,087 were sold by GALANTI RICHARD A.

Why Has Loop Capital Markets Given Costco (NASDAQ:COST) a $224.0000 Price Target

Loop Capital Markets revealed to clients in an analyst report that it has started coverage on Costco (NASDAQ:COST) stock, with Buy rating and a $224.0000 TP.

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 rating was upgraded by Wells Fargo to “Outperform” on Monday, April 16. The firm has “Buy” rating given on Monday, January 8 by Oppenheimer. Susquehanna maintained the stock with “Buy” rating in Tuesday, January 23 report. On Thursday, November 30 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was maintained by Jefferies on Friday, December 15 with “Hold”. The stock of Costco Wholesale Corporation (NASDAQ:COST) has “Hold” rating given on Wednesday, November 22 by Guggenheim. As per Thursday, January 4, the company rating was maintained by Stifel Nicolaus. The firm earned “Buy” rating on Thursday, May 3 by UBS. The firm has “Outperform” rating given on Monday, December 18 by BMO Capital Markets. RBC Capital Markets maintained the shares of COST in report on Friday, December 15 with “Buy” rating.

The stock increased 0.45% or $0.89 during the last trading session, reaching $199.6. About 2.07M 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: Fool.com which released: “3 Reasons to Buy Kraft Heinz Stock, 1 Reason to Sell” on May 16, 2018, also Seekingalpha.com with their article: “Costco Wholesale: Adapting To The Changing Landscape” published on April 18, 2018, Finance.Yahoo.com published: “Trade of the Day: Costco Wholesale Corporation Leads the Breakout” on May 17, 2018. More interesting news about Costco Wholesale Corporation (NASDAQ:COST) were released by: Investorplace.com and their article: “Is Prime Really Beating Costco Wholesale Corporation?” published on April 24, 2018 as well as Nasdaq.com‘s news article titled: “Walmart Inc Chases Its Great White Whale to India” with publication date: May 10, 2018.

Costco Wholesale Corporation (NASDAQ:COST) Institutional Positions Chart

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