Conservative Stock Portfolio: 11 Best Stocks to Buy Now

2. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 105

Walmart Inc. (NYSE:WMT) is one of the best conservative stocks to buy now. On September 24, analysts at Piper Sandler reiterated an ‘Overweight’ rating on the stock and a $111 price target.

Piper Sandler remains bullish about the company’s growth metrics following the reinvigoration of the private label apparel assortment segment. The company has made impressive strides in attracting younger and higher-income shoppers into its stores. Likewise, customer reception to the updated product line remains strong, supported by the establishment of a new apparel design team at the company.

The research firm expects the revitalization of the apparel segment to help Walmart accelerate market share gains. It also expects the company to start disrupting apparel sales at competing mass retailers. The brick-and-mortar stores have delivered 4.2% revenue growth over the past year, backed by a 24% return on equity.

Walmart Inc. (NYSE:WMT) is an omnichannel retailer that operates retail stores, including department stores and membership-based clubs like Sam’s Club, across the US and in several countries, offering a wide variety of products from groceries and apparel to electronics and home goods.