Costco (COST) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
In the past decade, shares of Costco (COST -0.99%) have generated a monster total return of 731%. This means that an investor who put $10,000 into the stock in late February 2015 would be sitting on a balance of over $83,000 today.
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The stock market has hit a rough patch lately, with the benchmark S&P 500 ETF NYSE: SPY sliding nearly 3% in a single week. Most sectors have followed the downward trend, rattled by rising economic uncertainty and fear.
Retail giant Costco is preparing to open six new locations in the United States in the coming weeks, and three additional ones worldwide very soon, the company says.
In the latest trading session, Costco (COST) closed at $1,055.66, marking a +1.94% move from the previous day.
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The momentum trade has shifted to Walmart and Costco, with Costco's high P/E ratio and PEG ratio indicating a richly priced stock. Despite its premium valuation, Costco's strong earnings growth, robust traffic, and positive membership trends support a hold rating. Key risks include a cautious consumer, supply chain issues, inflation, and competition, but Costco's buy-in-bulk value proposition remains attractive.
Costco Wholesale Corp. (NASDAQ: COST) is rewarding its shareholders once again, this time with a quarterly dividend of $1.16, payable on Friday, Feb.
Thursday ended up being a somewhat atypical day for Costco Wholesale (COST -2.61%) stock. That was no fault of the retailer, as this usually popular company tends to trade up rather than down.
Here is how Costco (COST) and Brinker International (EAT) have performed compared to their sector so far this year.