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Costco Stock Might Be a Good Buy After 2018’s Pullback
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The company’s renewal rate is over 90%, rising slightly over the past year even after the company raised its membership fee in the middle of 2017. Income from the fee accounts for just over 2% of Costco ’s revenue, but it’s growing at a strong clip, up 9.5% year over year in the first quarter.
And yet the stock has been in a mini-slump since September, falling 14% from its 52-week high of $245.16 to a recent $209.60. Shares trade at 26 times the company’s expected earnings, about in line with historical trends. Bullish analysts like Cowen’s Oliver Chen see the stock rising near its prior high, returning more than 15% including a small dividend payout.
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https://www.barrons.com/articles/costco-...1547726783
![[Bild: COSTc1dl1350.png]](https://finviz.com/publish/011719/COSTc1dl1350.png)
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The company’s renewal rate is over 90%, rising slightly over the past year even after the company raised its membership fee in the middle of 2017. Income from the fee accounts for just over 2% of Costco ’s revenue, but it’s growing at a strong clip, up 9.5% year over year in the first quarter.
And yet the stock has been in a mini-slump since September, falling 14% from its 52-week high of $245.16 to a recent $209.60. Shares trade at 26 times the company’s expected earnings, about in line with historical trends. Bullish analysts like Cowen’s Oliver Chen see the stock rising near its prior high, returning more than 15% including a small dividend payout.
...
https://www.barrons.com/articles/costco-...1547726783
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