Should You Buy Costco Wholesale Corporation (COST)’s Shares?

Costco Wholesale Corporation (NASDAQ:COST) is one of the 10 Best Stocks to Buy According to Billionaire Richard Chilton.

Membership warehouse retailer Costco Wholesale Corporation (NASDAQ:COST)'s shares are down by 2.4% over the past year and are up by 12.3% year-to-date. The firm reported its latest sales figure earlier this month and posted $24 billion in net sales for May, which marked a 14.5% annual growth. For the first 39 weeks of the year, Costco Wholesale Corporation (NASDAQ:COST) posted $221.9 billion in net sales to mark a 10% annual growth. Morgan Stanley discussed the firm on May 29th as it reiterated a Buy rating and a $1,130 share price target. The bank commented on Costco Wholesale Corporation (NASDAQ:COST)'s strong business as part of its coverage to remark that its supply chain, scale and value proposition could lead to strong performance in today's tough environment.

Costco Wholesale Corporation (NASDAQ:COST)'s shares trade at a hefty forward P/E multiple of 41.84, which is significantly higher than the market's 21.

It is also a favorite stock of CNBC's Jim Cramer. In a recent appearance on Mad Money, the TV host remarked:

"Okay… I think that you buy some here

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/buy-costco-wholesale-corporation-cost-103446252.html)