5 Best Discount Retailer Stocks to Buy

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In this article, we will be taking a look at the 5 best discount retailer stocks to buy. To read our detailed analysis of the retail sector, you can go directly to see the 10 Best Discount Retailer Stocks to Buy.

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

Number of Hedge Fund Holders: 38

Dollar Tree, Inc. (NASDAQ:DLTR) is a consumer staples company operating discount variety retail stores. It is based in Chesapeake, Virginia.

Our hedge fund data for the third quarter shows 38 hedge funds long Dollar Tree, Inc. (NASDAQ:DLTR). Their total stake value was $2.3 billion.

Here’s what Madison Investments said about Dollar Tree, Inc. (NASDAQ:DLTR) in its fourth-quarter 2023 investor letter:

“The top five contributors for the quarter were Gartner, Dollar Tree, Inc. (NASDAQ:DLTR), Arista Networks, Glacier Bancorp, and Ross Stores. Shares in Dollar Tree rebounded nicely as investors applauded improved 3Q results that reflected another quarter of market share gains and no negative surprises in expenses. While it is early in the company’s multi-year investment period, we are encouraged by the solid results amid a challenging retail environment.”

Follow Dollar Tree Inc. (NASDAQ:DLTR)

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