3 Things to Know About Costco Stock Before You Buy
Costco Wholesale (NASDAQ: COST) has been a long-term winner for investors. The company has delivered spectacular earnings growth, with revenue and net income climbing even during difficult periods such as the early days of the pandemic. And its share performance has followed. The stock has advanced by nearly 200% over the past five years, and is up by more than 30% so far in 2024.
As a result, the share price has reached more than $800 and trades for about 49 times forward earnings estimates -- a pretty high valuation for a retail stock. That may make you hesitant about buying Costco shares today, but at the same time, the company's performance still might draw you in. Before you make an investment decision, here are three things you should know.
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Source Fool.com
