5 Best Department Store Stocks To Invest In

1. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 85

Walmart Inc. (NYSE:WMT) ranks 1st on our list of the best department stores to invest in. On February 20, Walmart Inc. (NYSE:WMT) reported a Q4 non-GAAP EPS of $1.80 and a revenue of $173.4 billion, outperforming Wall Street estimates by $0.15 and $4.14 billion, respectively. The company also declared a $0.2075 per share quarterly dividend, a 9.2% increase from the prior dividend. The dividend is payable on April 1, to shareholders on record as of March 15. 

According to Insider Monkey’s fourth quarter database, 85 hedge funds were bullish on Walmart Inc. (NYSE:WMT), compared to 80 funds in the prior quarter. Ken Fisher’s Fisher Asset Management is the biggest stakeholder of the company, with 28.6 million shares worth $1.5 billion.

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