NEW YORK (
) hit a new 52-week high Friday as it is currently trading at $96.50, above its previous 52-week high of $96.43 with 77,881 shares traded as of 9:40 a.m. ET. Average volume has been 2.3 million shares over the past 30 days.
Costco Wholesale has a market cap of $40.53 billion and is part of the
industry. Shares are up 15.1% year to date as of the close of trading on Thursday.
Costco Wholesale Corporation operates membership warehouses that offer a selection of branded and private label products in a range of merchandise categories in no-frills, self-service warehouse facilities. The company has a P/E ratio of 26.2, equal to the average retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Costco Wholesale as a
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full
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