Has Costco's Stock Finally Peaked? 1 Number Investors Should Take a Closer Look At.
Costco(COST) The Motley Fool·2024-10-12 07:18Is Costco's stock due for a correction?Costco Wholesale (COST -0.52%) has been a top retail stock to own in recent years. The company has been able to generate fantastic results amid challenging economic conditions, proving to be a versatile and adaptable business. That has pushed the stock to new heights and it is valued so highly it now trades at more than 50 times its trailing earnings.But could the stock have finally hit a peak? The company's sales have been slowing down and one number in particular may ...