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So, here are three reasons to buy Costco stock like there's no tomorrow. 1. Costco is raising membership fees for the first time in seven years. This month, Costco announced its first membership ...
That is, Costco shares were also red-hot because of the COVID-19 pandemic. For perspective, in addition to its 65% gain since the beginning of 2023, Costco's stock is up an incredible 170% since ...
Unlike most retailers, Costco is a warehouse club operation, which means that customers pay an annual membership fee for the privilege of shopping at Costco's warehouses. Membership fees make up ...
Recently, Costco announced that starting Sept. 1, 2024, it will increase annual membership fees in the U.S. and Canada by $5 for standard memberships (raising the annual fee from $60 to $65), and ...
Analysts are typically bullish on Costco, and that remains true in early 2023 as well. The consensus rating of 26 analysts following the stock is “strong buy,” with an average 12-month price ...
Image source: Getty Images. In the fiscal third quarter of 2024, Costco's revenue totaled $58.5 billion. Of that total, around $57.4 billion came from the sale of products from its stores.
It jumped on the news of the fee hike, which will add a windfall to Costco's net income. That will help the price catch up to the P/E ratio, but it won't show in the numbers for a while. The high ...