Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Costco Wholesale Corporation (Nasdaq: COST) hit a new 52-week high Wednesday as it is currently trading at $103.68, above its previous 52-week high of $103.51 with 1.1 million shares traded as of 10:05 a.m. ET. Average volume has been 1.5 million shares over the past 30 days. Costco Wholesale has a market cap of $43.82 billion and is part of the services sector and retail industry. Shares are up 19.6% year to date as of the close of trading on Tuesday. 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 28.3, above the average retail industry P/E ratio of 28.2 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Costco Wholesale as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Costco Wholesale Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.