Costco’s (NASDAQ:COST) Revenue per Square Foot at its U.S. warehouses rose from $1,106 in 2019 to $1,392 in 2021. Trefis expects the metric to rise further to about $1,600 by 2023.
Costco’s focus on low prices and a large selection is enabling it to scale up its membership base and overall revenue per square foot.
However, despite the strong growth, we think COST stock looks fully priced at current levels. We value the stock at about $550 per share, 4% ahead of the current market price.
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.
|S&P 500 Return||-4%||-12%||88%|
|Trefis MS Portfolio Return||-5%||-15%||236%|
 Month-to-date and year-to-date as of 3/8/2022
 Cumulative total returns since the end of 2016