5 Best Department Store Stocks To Invest In

In this article, we discuss 5 best department store stocks to buy. If you want to read our discussion on the department store landscape, head over to 11 Best Department Store Stocks To Invest In. 

5. Albertsons Companies, Inc. (NYSE:ACI)

Number of Hedge Fund Holders: 57

Albertsons Companies, Inc. (NYSE:ACI) operates food and drug stores in the United States, providing a range of products such as groceries, general merchandise, health and beauty items, pharmacy services, fuel, and other goods. Albertsons Companies, Inc. (NYSE:ACI) is one of the best department store stocks to invest in. 

On January 9, Albertsons Companies, Inc. (NYSE:ACI) reported results for the third quarter of fiscal 2023, which ended December 2, 2023. The company announced a non-GAAP EPS of $0.79 and a revenue of $18.56 billion, outperforming Wall Street estimates $0.13 and $200 million, respectively. 

According to Insider Monkey’s fourth quarter database, 57 hedge funds were long Albertsons Companies, Inc. (NYSE:ACI), compared to 53 funds in the prior quarter. Stephen Feinberg’s Cerberus Capital Management is the largest stakeholder of the company, with 151.8 million shares worth $3.5 billion.