10 Best Retail Stocks To Buy Now

3. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders: 65

Costco Wholesale Corporation (NASDAQ:COST) is a consumer staples merchandise retail company based in Issaquah, Washington. It operates membership warehouses. The company’s markets include the US, Puerto Rico, Canada, Mexico, Japan, the UK, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden.

A Buy rating was maintained on Costco Wholesale Corporation (NASDAQ:COST) on June 25 by Tigress Financial analysts. The consensus average price target on the stock is $860.6 as of June 28.

Costco Wholesale Corporation’s (NASDAQ:COST) main business advantage is found in the fact that the company operates on a membership-based business model, through which it not only retains customer loyalty but also rakes in significant revenues with its membership fees. As of this June, the annual membership fees is $60, but there’s talk of this being increased. A significant portion of Costco Wholesale Corporation’s (NASDAQ:COST) income comes through its membership fees, with the company raking in $1.1 billion through these fees alone in the fiscal third quarter of 2024.

Costco Wholesale Corporation (NASDAQ:COST) had 65 hedge funds long its stock in the first quarter, with a total stake value of $4.6 billion.