Costco (COST) Draws Institutional Interest Amid Retail Debate on Entry Points

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2026-06-10 17:58:02

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Jim Cramer's 'buy some here' advice on Costco Wholesale Corporation (COST) at $968 resonates as institutional investors accumulate shares. Motley Fool Asset Management boosted its stake by 20.8% in Q4, while multiple funds added positions—collectively owning 68.48% of the stock. Despite trading at 47x earnings and below its $1,096.50 peak, analysts maintain a 'Moderate Buy' with a $1,060.41 target.

Revenue beat ($70.53B) last quarter, though EPS narrowly missed ($4.93 vs. $4.94 expected). Cramer's pragmatic take: 'Hope it comes in a little more, but worst case it runs to $1,025.' The stock's institutional momentum contrasts with retail hesitation over valuation.

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