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Costco (COST) Stock Analysis: Buy COST At All Time High?
Costco (#COST) is trading at $396, putting it next to its all time high and up +31.2% on the 1Y. But is it a good idea to buy the stock at an all time high?
The answer is found in the stocks fundamentals. Not its current current stock price. And the fundamentals stack up well. Last month, in May, #Costco announced FQ3 earnings and beat expectations across the board.
Total Non-GAAP EPS of $2.84 (beat by $0.56) and revenue of $45.28B (+21.5% Y/Y). To top it all off, comparable sales were recorded of +15.1% and E-Commerce of +38.2%.
There were many skeptical investors that believed Costco had a superb 2020 because of pandemic circumstances, but so far, momentum is carrying through 2021. If the big-box company can keep this momentum up then buying at an all time high may be considered cheap in the not so distant future.
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By Financial MoversCostco (#COST) is trading at $396, putting it next to its all time high and up +31.2% on the 1Y. But is it a good idea to buy the stock at an all time high?
The answer is found in the stocks fundamentals. Not its current current stock price. And the fundamentals stack up well. Last month, in May, #Costco announced FQ3 earnings and beat expectations across the board.
Total Non-GAAP EPS of $2.84 (beat by $0.56) and revenue of $45.28B (+21.5% Y/Y). To top it all off, comparable sales were recorded of +15.1% and E-Commerce of +38.2%.
There were many skeptical investors that believed Costco had a superb 2020 because of pandemic circumstances, but so far, momentum is carrying through 2021. If the big-box company can keep this momentum up then buying at an all time high may be considered cheap in the not so distant future.