Costco Is Down 10% in 6 Months While the S&P 500 Is Up 17%. Is Costco Too Cheap to Pass Up Under $900 a Share?

Costco's stock has underperformed the S&P 500 by 27 percentage points over the last six months, despite growing revenue, profits, and membership renewal rates. While the company maintains a premium valuation compared to retail peers due to strong membership loyalty, the article argues that at current prices, Costco is not as cheap as it appears. Headwinds from tariffs and fuel costs, combined with elevated valuations, suggest investors seeking faster growth may find better opportunities elsewhere.