Costco (COST) Stock Analysis: Buy COST At All Time High?

<p>Costco (#COST) is trading at $396, putting it next to its all time high and up +31.2% on the 1Y. But is it a good idea to buy the stock at an all time high?</p> <p>The answer is found in the stocks fundamentals. Not its current current stock price. And the fundamentals stack up well. Last month, in May, #Costco announced FQ3 earnings and beat expectations across the board.</p> <p>Total Non-GAAP EPS of $2.84 (beat by $0.56) and revenue of $45.28B (+21.5% Y/Y). To top it all off, comparable sales were recorded of +15.1% and E-Commerce of +38.2%.</p> <p>There were many skeptical investors that believed Costco had a superb 2020 because of pandemic circumstances, but so far, momentum is carrying through 2021. If the big-box company can keep this momentum up then buying at an all time high may be considered cheap in the not so distant future.</p>