12 High Growth Low Dividend Stocks To Invest In

9. Costco Wholesale Corporation (NASDAQ:COST)

Dividend Yield as of February 24: 0.45%

Number of Hedge Fund Holders: 95

Costco Wholesale Corporation (NASDAQ:COST), an American big-box warehouse retailer, ranks 9th on our list of the best high growth stocks to invest in. On February 6, Loop Capital just raised Costco’s price target from $1,095 to $1,150, keeping a Buy rating on the stock following the retailer’s January sales outperforming expectations. Loop Capital remains bullish on the company, forecasting 2025 EPS at $19.72, $1.59 higher than Wall Street consensus. The firm showed continued confidence in Costco’s momentum.

Costco Wholesale Corporation (NASDAQ:COST) reported $19.51 billion in sales for January 2025, up 9.2% from last year’s $17.87 billion. Over the first 22 weeks of this fiscal year, total sales amounted to $113.55 billion, an 8.2% increase compared to $104.94 billion the previous year. On January 23, the company declared a quarterly dividend of $1.16 per share. The dividend was distributed on February 21. It has raised its dividends consistently for 20 years.

Among the hedge funds tracked by Insider Monkey, 95 funds reported owning stakes in Costco Wholesale Corporation (NASDAQ:COST), up from 75 funds in the last quarter. Ken Fisher’s Fisher Asset Management was the largest stakeholder of the company, with 3 million shares valued at $2.8 billion.