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NEW YORK ( TheStreet) -- Costco Wholesale Corporation (Nasdaq: COST) hit a new 52-week high Friday as it is currently trading at $88.72, above its previous 52-week high of $88.68 with 272,734 shares traded as of 10:30 a.m. ET. Average volume has been 2.4 million shares over the past 30 days. Costco Wholesale has a market cap of $35.55 billion and is part of the services sector and retail industry. Shares are up 6% 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 25.6, above the average retail industry P/E ratio of 24.5 and above the S&P 500 P/E ratio of 17.7.