5 Best Discount Retailer Stocks to Buy

3. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders: 65

An Outperform rating and a $750 price target were reiterated on Costco Wholesale Corporation (NASDAQ:COST) on February 8 by Telsey Advisory Group’s Joseph Feldman.

Costco Wholesale Corporation (NASDAQ:COST) operates membership warehouses in the US and internationally. It is based in Issaquah, Washington.

Costco Wholesale Corporation (NASDAQ:COST) was spotted in the portfolios of 65 hedge funds in the third quarter. Their total stake value was $3.6 billion.

This is what Madison Investments said about Costco Wholesale Corporation (NASDAQ:COST) in its fourth-quarter 2023 investor letter:

“Costco Wholesale Corporation (NASDAQ:COST) reported solid holiday results and announced a special dividend of $15 per share. Earnings were better than expected driven by better gross margin. Same store sales were 3.9% with solid traffic. Costco also noted better discretionary trends and solid seasonal sales.”

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