Missed Out on Costco Stock? 1 Contrarian Retail Stock Buy for 2024
With the U.S. economy in 2022 and 2023 facing headwinds from inflation and higher interest rates, warehouse retailer Costco Wholesale (NASDAQ: COST) has gotten all sorts of attention. Its sales have been humming along at a healthy clip, but its net income growth in particular has been brisk. That bottom-line figure is essentially a simple measure of Costco's income from its annual membership fees, as it doesn't actually sell its merchandise for anything resembling a net profit.
All of that growth over the last few years has culminated in Costco's recently announced $15-per-share special one-time dividend payment. Congrats, dedicated Costco shareholders -- your long-term mindset is well-deserving of a bonus.
What's really amazing about Costco stock, though, is how thoroughly it has beaten its largest peers on a total-return basis (stock price gains plus reinvested dividends) over the last five years. By that metric, Costco has delivered returns of 260% to shareholders over that period. Competitors such as Target (NYSE: TGT) and Walmart (NYSE: WMT) lag far behind. Even mighty Amazon's (NASDAQ: AMZN) stock performance pales in comparison.
Source Fool.com
Target Corp. Aktie
Target Corp. wird von der Community favorisiert: Deutlich mehr Buy- als Sell-Einschätzungen.
Die Community erwartet für Target Corp. ein Kursziel von 171 €, was eine deutliche Steigerung von über 20% gegenüber dem aktuellen Kurs von 141.62 € bedeuten könnte.
