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But with the stock up another 50.8% in 2024 and Costco's share price recently touching $1,000 per share, are shares still a buy? ... news in your inbox every market ... one can feel good buying ...
Imagine buying some Costco stock 20 years ago, for $48 per share. You got a modest dividend yield of 0.6% back then, similar to the 0.5% yield new Costco investors buy into today.
The financial services giant's share price soared 37% in 2024. Despite this exceptional return, the stock remains attractively valued with a forward earnings multiple of around 9.6.
Wake up with Breakfast news in your inbox every market day. Sign Up For Free » 1. Costco offers exactly what consumers increasingly want. Costco Wholesale is considered a club-based warehouse ...
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 ...
Between fiscal 2014 to fiscal 2024 (ended Sept. 1), Costco's net revenue increased at a compound annual rate of 9.3%. There was not a single year that this top-line figure declined on a year-over ...
Costco's profits also soared as gross margin improved from 10.3% to 10.8%, and its membership fees, which essentially go straight to the bottom line, rose by 8% to $1.12 billion. As a result ...
Image source: Getty Images. Basically, Costco looks at its business in a totally different way because it isn't earning all of its money from product sales.