Reported 5 months ago
Investors who bought $1,000 worth of Costco Wholesale stock five years ago would now have $3,467, including dividends, representing an annualized return of 28%. The significant growth in the stock's value was not solely driven by the company's financial performance, with about half of the increase attributed to an expansion in the price-to-earnings ratio. While Costco remains a strong business, analysts project a more moderate earnings growth rate of 9% annually, cautioning investors against expecting the stock to continue its rapid ascent.
Source: YAHOO