5 Best Department Store and Discount Retailer Stocks to Buy

2. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders: 66

Costco Wholesale Corporation (NASDAQ:COST) operates membership warehouses. It is engaged in the consumer staples merchandise retail industry.

Phillip Blee, an analyst at William Blair, initiated coverage of Costco Wholesale Corporation (NASDAQ:COST) shares with an Outperform rating on April 26.

The average price target placed on Costco Wholesale Corporation (NASDAQ:COST) by analysts on Wall Street is $548.17. The shares were trading at $503.17 on April 26. This gives the stock an upside potential of 8.94%.

Out of the 943 hedge funds tracked by Insider Monkey in the fourth quarter, 66 hedge funds were long Costco Wholesale Corporation (NASDAQ:COST). Their total stake value was $3.4 billion.

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