Costco Wholesale Reaches New 52-Week High (COST)

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 Monday as it is currently trading at $104.70, above its previous 52-week high of $104.50 with 109,440 shares traded as of 9:30 a.m. ET. Average volume has been 2.6 million shares over the past 30 days.

Costco Wholesale has a market cap of $44.06 billion and is part of the services sector and retail industry. Shares are up 22.3% year to date as of the close of trading on Friday.

Costco Wholesale Corporation engages in the operation of membership warehouses. The company offers branded and private-label products in a range of merchandise categories. The company has a P/E ratio of 26.2, 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 revenue growth, impressive record of earnings per share growth, compelling growth in net income, 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 Costco Wholesale Ratings Report.

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