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Best Department Store Stocks to Buy Now (2024)
Top department store stocks in 2024 ranked by overall Zen Score. See the best department store stocks to buy now, according to analyst forecasts for the department stores industry.

Industry: Department Stores
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
DDS
DILLARD's INC
$7.43B$458.05$260.00-43.24%Sell2-0.31%N/AN/AN/A
KSS
KOHLS CORP
$3.15B$28.44$23.86-16.11%Sell7-0.97%0.69%N/AN/A
M
MACY's INC
$5.44B$19.85$19.860.04%Buy7-1.90%221.69%N/AN/A
JWN
NORDSTROM INC
$3.25B$19.92$16.82-15.57%Sell11-0.29%62.93%N/AN/A
CBD
BRAZILIAN DISTRIBUTION CO COMPANHIA BRASILEIRA DE DISTR CBD
$173.43M$0.64N/AN/AN/AN/A14.11%N/AN/AN/A

Department Store Stocks FAQ

What are the best department store stocks to buy right now in Mar 2024?

According to Zen Score, the 3 best department store stocks to buy right now are:

1. Dillard's (NYSE:DDS)


Dillard's (NYSE:DDS) is the top department store stock with a Zen Score of 58, which is 25 points higher than the department store industry average of 33. It passed 21 out of 38 due diligence checks and has strong fundamentals. Dillard's has seen its stock return 52.55% over the past year, overperforming other department store stocks by 5 percentage points.

Dillard's has an average 1 year price target of $260.00, a downside of -43.24% from Dillard's's current stock price of $458.05.

Dillard's stock has a consensus Sell recommendation according to Wall Street analysts. Of the 2 analysts covering Dillard's, 0% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 50% have issued a Strong Sell.

2. Kohls (NYSE:KSS)


Kohls (NYSE:KSS) is the second best department store stock with a Zen Score of 32, which is -1 points lower than the department store industry average of 33. It passed 10 out of 38 due diligence checks and has average fundamentals. Kohls has seen its stock return 31.12% over the past year, underperforming other department store stocks by -16 percentage points.

Kohls has an average 1 year price target of $23.86, a downside of -16.11% from Kohls's current stock price of $28.44.

Kohls stock has a consensus Sell recommendation according to Wall Street analysts. Of the 7 analysts covering Kohls, 0% have issued a Strong Buy rating, 14.29% have issued a Buy, 57.14% have issued a hold, while 0% have issued a Sell rating, and 28.57% have issued a Strong Sell.

3. Macy's (NYSE:M)


Macy's (NYSE:M) is the third best department store stock with a Zen Score of 29, which is -4 points lower than the department store industry average of 33. It passed 11 out of 38 due diligence checks and has average fundamentals. Macy's has seen its stock return 16.08% over the past year, underperforming other department store stocks by -31 percentage points.

Macy's has an average 1 year price target of $19.86, an upside of 0.04% from Macy's's current stock price of $19.85.

Macy's stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Macy's, 28.57% have issued a Strong Buy rating, 0% have issued a Buy, 71.43% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the department store stocks with highest dividends?

Out of 4 department store stocks that have issued dividends in the past year, the 3 department store stocks with the highest dividend yields are:

1. Kohls (NYSE:KSS)


Kohls (NYSE:KSS) has an annual dividend yield of 7.03%, which is 2 percentage points higher than the department store industry average of 4.71%. Kohls's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Kohls's dividend has shown consistent growth over the last 10 years.

Kohls's dividend payout ratio of 69.4% indicates that its high dividend yield is sustainable for the long-term.

2. Dillard's (NYSE:DDS)


Dillard's (NYSE:DDS) has an annual dividend yield of 4.62%, which is the same as the department store industry average of 4.71%. Dillard's's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Dillard's's dividend has shown consistent growth over the last 10 years.

Dillard's's dividend payout ratio of 34.4% indicates that its high dividend yield is sustainable for the long-term.

3. Nordstrom (NYSE:JWN)


Nordstrom (NYSE:JWN) has an annual dividend yield of 3.82%, which is -1 percentage points lower than the department store industry average of 4.71%. Nordstrom's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Nordstrom's dividend has not shown consistent growth over the last 10 years.

Nordstrom's dividend payout ratio of 91.6% indicates that its dividend yield might not be sustainable for the long-term.

Why are department store stocks up?

Department store stocks were up 4.02% in the last day, and up 3.92% over the last week.

We couldn't find a catalyst for why department store stocks are up.

What are the most undervalued department store stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued department store stocks right now are:

1. Dillard's (NYSE:DDS)


Dillard's (NYSE:DDS) is the most undervalued department store stock based on WallStreetZen's Valuation Score. Dillard's has a valuation score of 57, which is 17 points higher than the department store industry average of 40. It passed 4 out of 7 valuation due diligence checks.

Dillard's's stock has gained 52.55% in the past year. It has overperformed other stocks in the department store industry by 5 percentage points.

2. Nordstrom (NYSE:JWN)


Nordstrom (NYSE:JWN) is the second most undervalued department store stock based on WallStreetZen's Valuation Score. Nordstrom has a valuation score of 43, which is 3 points higher than the department store industry average of 40. It passed 3 out of 7 valuation due diligence checks.

Nordstrom's stock has gained 29.52% in the past year. It has underperformed other stocks in the department store industry by -18 percentage points.

3. Kohls (NYSE:KSS)


Kohls (NYSE:KSS) is the third most undervalued department store stock based on WallStreetZen's Valuation Score. Kohls has a valuation score of 43, which is 3 points higher than the department store industry average of 40. It passed 3 out of 7 valuation due diligence checks.

Kohls's stock has gained 31.12% in the past year. It has underperformed other stocks in the department store industry by -16 percentage points.

Are department store stocks a good buy now?

75% of department store stocks rated by analysts are a sell right now. On average, analysts expect department store stocks to fall by -39.09% over the next year.

What is the average p/e ratio of the department stores industry?

The average P/E ratio of the department stores industry is 23.98x.
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.