10 Best Consumer Staples Stocks to Buy According to Analysts

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

Analyst Upside: 14.87%

Number of Hedge Fund Holders: 64

Dollar Tree, Inc. (NASDAQ:DLTR) operates discount department stores and offers a wide range of merchandise under the business segments Dollar Tree and Family Dollar. Dollar Tree stores offer consumable merchandise, seasonal goods, and variety merchandise. The Family Dollar segment is a general merchandise retail discount store offering affordable merchandise in convenient neighborhood locations.

The company is set to close the sale of its Family Dollar segment by the end of this year, allowing it to focus on Dollar Tree’s long-term growth, profitability, and returns on capital. To continue its expansion program in fiscal Q4 2024, it opened 33 new Dollar Tree stores, bringing the total number of full-year openings to 525. Dollar Tree, Inc. (NASDAQ:DLTR) ended the fiscal year 2024 with around 2,900 Dollar Tree 3.0 multi-price format stores, including 2,600 conversions and 300 new stores.

In addition, Dollar Tree, Inc. (NASDAQ:DLTR) generated $2.2 billion of net cash provided by operating activities of continuing operations, along with $893 million in free cash flow from continuing operations. According to analysts, it is the sixth best consumer staples stock to buy now. In a report released on March 7, Edward Kelly from Wells Fargo maintained a Buy rating on Dollar Tree, Inc. (NASDAQ:DLTR), with a price target of $85.00.