Stock analysts at Loop Capital assumed coverage on shares of Costco (NASDAQ:COST) in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The firm set a “buy” rating and a $224.00 price target on the retailer’s stock. Loop Capital’s price target would suggest a potential upside of 12.22% from the stock’s previous close.

Several other brokerages have also recently commented on COST. Vetr cut Costco from a “buy” rating to a “hold” rating and set a $200.28 price target for the company. in a research report on Monday, January 22nd. BMO Capital Markets set a $223.00 price objective on Costco and gave the company a “buy” rating in a research report on Wednesday, January 24th. Wells Fargo raised Costco from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $191.42 to $188.91 in a research report on Monday, April 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $205.00 price objective (down from $209.00) on shares of Costco in a research report on Thursday, March 8th. Finally, BidaskClub cut Costco from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 9th. Eight analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $193.37.

Shares of NASDAQ COST opened at $199.60 on Wednesday. Costco has a 52 week low of $196.05 and a 52 week high of $198.96. The company has a quick ratio of 0.44, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. The company has a market cap of $85.78 billion, a P/E ratio of 34.30, a P/E/G ratio of 2.76 and a beta of 0.95.

Costco (NASDAQ:COST) last issued its quarterly earnings results on Wednesday, March 7th. The retailer reported $1.42 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.03). Costco had a net margin of 2.18% and a return on equity of 24.74%. The company had revenue of $33 billion for the quarter, compared to analyst estimates of $32.73 billion. During the same period last year, the company posted $1.17 earnings per share. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. equities research analysts anticipate that Costco will post 6.77 EPS for the current year.

In other news, VP Timothy L. Rose sold 17,000 shares of the stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $185.33, for a total transaction of $3,150,610.00. Following the transaction, the vice president now owns 34,903 shares in the company, valued at $6,468,572.99. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Timothy L. Rose sold 12,000 shares of the stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $184.46, for a total value of $2,213,520.00. Following the transaction, the vice president now owns 22,903 shares in the company, valued at approximately $4,224,687.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 62,067 shares of company stock worth $11,700,142. 0.74% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Wealthcare Advisory Partners LLC bought a new position in Costco during the 3rd quarter worth $102,000. Assetmark Inc. increased its stake in Costco by 137.0% during the 4th quarter. Assetmark Inc. now owns 564 shares of the retailer’s stock worth $105,000 after acquiring an additional 326 shares during the period. Well Done LLC bought a new position in Costco during the 1st quarter worth $109,000. Zions Bancorporation increased its stake in Costco by 148.4% during the 3rd quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock worth $113,000 after acquiring an additional 411 shares during the period. Finally, Smart Portfolios LLC bought a new position in Costco during the 1st quarter worth $113,000. Hedge funds and other institutional investors own 72.99% of the company’s stock.

Costco Company Profile

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.

Analyst Recommendations for Costco (NASDAQ:COST)

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