5 Best Retail Stocks to Buy Now

3. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders: 69

Costco Wholesale Corporation (NASDAQ:COST) is an American multinational corporation with warehouse club operations in eight countries. On September 22, the company posted earnings for the fourth quarter of 2022. The revenue over the period was $72.09 billion, up 15.0% compared to the revenue over the same period last year.

Costco Wholesale Corporation (NASDAQ:COST), one of the best retail stocks to buy now on our list, has been raising its dividends consistently for the past 17 years. The company pays a quarterly dividend of $0.90 per share for a dividend yield of 0.73%, as of December 3.

The company is popular with hedge funds. As per Insider Monkey’s Q3 2022 database, 69 hedge funds owned stakes in Costco Wholesale Corporation (NASDAQ:COST), worth $4.4 billion collectively. Fisher Asset Management was the company’s largest stakeholder in Q3.