5 Best Consumer Discretionary Dividend Stocks To Buy According to Analysts

2. Ross Stores, Inc. (NASDAQ:ROST)

Upside Potential as of April 24: 20.6%

Ross Stores, Inc. (NASDAQ:ROST) is a California-based discount store company that operates a chain of retail stores and offers a wide range of products. On March 5, the company declared a 9.7% in its quarterly dividend to $0.3675 per share. This was the company’s third consecutive dividend hike after reinstating its dividends in 2021. The stock has a dividend yield of 1.11%, as of April 24.

Insider Monkey’s database of Q4 2023 indicated that 50 hedge funds owned stakes in Ross Stores, Inc. (NASDAQ:ROST), compared with 54 in the previous quarter. The overall value of these stakes is more than $1.5 billion.

Follow Ross Stores Inc. (NASDAQ:ROST)