11 Best Retail Stocks to Buy Right Now

6. Dollar Tree, Inc. (NASDAQ:DLTR)

Number of Hedge Fund Holders: 64

Dollar Tree, Inc. (NASDAQ:DLTR) operates discount department stores and offers a wide range of merchandise under the business segments Dollar Tree and Family Dollar. Dollar Tree stores offer consumable merchandise, seasonal goods, and variety merchandise. The Family Dollar segment is a general merchandise retail discount store offering affordable merchandise in convenient neighborhood locations.

On April 7, Citi upgraded Dollar Tree, Inc. (NASDAQ:DLTR) to Buy from Neutral, setting a price target of $103, up from $76. The analyst opined in a research note that the higher tariffs across the board are expected to be positive for the company, as the higher tariffs would allow it to expand its price points from $1.25 to $1.50 or $1.75. The firm thus considers Dollar Tree, Inc. (NASDAQ:DLTR) a winner in a volatile environment with bubbling retail prices.

The company is also set to close the sale of its Family Dollar segment by the end of this year, allowing it to focus on Dollar Tree’s long-term growth, profitability, and returns on capital. According to our list, it is the sixth-best retail stock to invest in.