Why Investors Should Not Expect a Significant Pullback in Costco Stock Anytime Soon

Costco has a wonderful business, but the stock's current valuation reflects those attributes.Costco Wholesale (COST 1.01%) has emerged as one of the most successful and admired retail companies. Its approach of selling high-quality goods in bulk at discounted prices continues to draw increasing sales, new warehouse openings, and membership renewals.This success has come with one unfortunate consequence for those who do not hold shares in the retail stock: an expensive valuation. With its price-to-earnings r ...