10 Best Retail Stocks To Buy Now

2. Target Corporation (NYSE:TGT)

Number of Hedge Fund Holders: 67

Target Corporation (NYSE:TGT) is another consumer staples merchandise retail company on our list of the best retail stocks to buy. It is based in Minneapolis, Minnesota.

The company offers apparel, jewelry, accessories, and shoes for adults and children, alongside beauty and personal care products, among more. Target Corporation (NYSE:TGT) is among the oldest dividend stocks in the market today, having begun paying out its dividend in 1967, making this an attractive stock pick for income investors. Additionally, the company is boosting its online store and app by integrating Shopify into its e-commerce operations.

As of May 23, Deutsche Bank analysts maintain a Buy rating on Target Corporation (NYSE:TGT). The consensus average price target on the stock is $177.6 as of June 28.

There were 67 hedge funds long Target Corporation (NYSE:TGT) in the first quarter, with a total stake value of $2.3 billion.