Costco Wholesale (NASDAQ:COST) Given New $1,135.00 Price Target at Loop Capital

Costco Wholesale (NASDAQ:COST) had its price target reduced by investment analysts at Loop Capital from $1,150.00 to $1,135.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the retailer’s stock. Loop Capital’s price target points to a potential upside of 17.70% from the company’s previous close.

A number of other equities analysts also recently weighed in on COST. Roth Mkm boosted their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. JPMorgan Chase & Co. lifted their price target on Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an “overweight” rating in a report on Friday. Jefferies Financial Group upped their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Evercore ISI reaffirmed a “hold” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Finally, Robert W. Baird boosted their price target on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a report on Friday. Ten analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,029.00.

Costco Wholesale Stock Down 6.1 %

Shares of COST traded down $62.31 on Friday, reaching $964.31. The company’s stock had a trading volume of 5,478,540 shares, compared to its average volume of 1,847,757. Costco Wholesale has a twelve month low of $697.27 and a twelve month high of $1,078.24. The stock has a market capitalization of $428.06 billion, a PE ratio of 56.62, a PEG ratio of 6.15 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The firm has a fifty day moving average of $989.20 and a 200-day moving average of $942.33.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing the consensus estimate of $4.09 by ($0.07). The company had revenue of $63.72 billion during the quarter, compared to analysts’ expectations of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. Equities analysts predict that Costco Wholesale will post 18.03 EPS for the current year.

Hedge Funds Weigh In On Costco Wholesale

A number of large investors have recently modified their holdings of the company. Copia Wealth Management purchased a new stake in Costco Wholesale in the 4th quarter worth approximately $378,000. Elite Financial Inc. bought a new position in shares of Costco Wholesale in the fourth quarter worth $516,000. Wood Tarver Financial Group LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter worth $1,313,000. TFR Capital LLC. bought a new stake in Costco Wholesale during the fourth quarter valued at $4,690,000. Finally, Castle Rock Wealth Management LLC grew its position in Costco Wholesale by 5.3% during the fourth quarter. Castle Rock Wealth Management LLC now owns 3,900 shares of the retailer’s stock worth $3,573,000 after buying an additional 196 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

About Costco Wholesale

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.