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

Industry: Discount Stores
Ticker
Company
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
PSMT
PRICESMART INC
$2.41B$4.67B$273.81M$122.27M$3.999.98%7.91%15.99%9.80%2024-07-10
WMT
WALMART INC
$539.08B$657.33B$40.33B$18.94B$2.345.68%4.98%68.93%19.36%2024-08-15
OLLI
OLLIE's BARGAIN OUTLET HOLDINGS INC
$5.38B$2.10B$262.74M$181.44M$2.9415.09%11.12%79.27%6.36%
TGT
TARGET CORP
$65.31B$106.62B$8.63B$4.13B$8.94-2.43%6.95%51.01%9.23%2024-08-14
DG
DOLLAR GENERAL CORP
$27.66B$39.26B$3.13B$1.51B$6.882.15%8.48%-35.46%2.37%
BJ
BJ's WHOLESALE CLUB HOLDINGS INC
$11.52B$20.16B$1.01B$518.68M$3.913.18%9.03%1.30%26.86%2024-06-20
COST
COSTCO WHOLESALE CORP
$379.35B$253.70B$12.32B$7.17B$16.177.75%11.14%19.60%14.52%
DLTR
DOLLAR TREE INC
$22.79B$30.91B-$2.40M-$997.30M-$4.527.51%6.02%N/AN/A
TBBB
BBB FOODS INC
$2.48BN/AN/AN/AN/AN/AN/AN/AN/A
BIG
BIG LOTS INC
$61.44M$4.61B$56.28M-$480.84M-$16.43-11.68%-2.64%N/AN/A

Discount Store Stocks FAQ

What are the best discount store stocks to buy right now in Jun 2024?

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

1. Pricesmart (NASDAQ:PSMT)


Pricesmart (NASDAQ:PSMT) is the top discount store stock with a Zen Score of 54, which is 18 points higher than the discount store industry average of 36. It passed 19 out of 38 due diligence checks and has strong fundamentals. Pricesmart has seen its stock return 4.22% over the past year, underperforming other discount store stocks by -23 percentage points.

Pricesmart has an average 1 year price target of $90.00, an upside of 14.29% from Pricesmart's current stock price of $78.75.

Pricesmart stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Pricesmart, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Walmart (NYSE:WMT)


Walmart (NYSE:WMT) is the second best discount store stock with a Zen Score of 52, which is 16 points higher than the discount store industry average of 36. It passed 19 out of 38 due diligence checks and has strong fundamentals. Walmart has seen its stock return 28.17% over the past year, overperforming other discount store stocks by 1 percentage points.

Walmart has an average 1 year price target of $72.83, an upside of 8.66% from Walmart's current stock price of $67.02.

Walmart stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 25 analysts covering Walmart, 60% have issued a Strong Buy rating, 32% have issued a Buy, 8% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Ollie's Bargain Outlet Holdings (NASDAQ:OLLI)


Ollie's Bargain Outlet Holdings (NASDAQ:OLLI) is the third best discount store stock with a Zen Score of 49, which is 13 points higher than the discount store industry average of 36. It passed 16 out of 33 due diligence checks and has strong fundamentals. Ollie's Bargain Outlet Holdings has seen its stock return 43.01% over the past year, overperforming other discount store stocks by 16 percentage points.

Ollie's Bargain Outlet Holdings has an average 1 year price target of $99.20, an upside of 13.1% from Ollie's Bargain Outlet Holdings's current stock price of $87.71.

Ollie's Bargain Outlet Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Ollie's Bargain Outlet Holdings, 50% have issued a Strong Buy rating, 20% have issued a Buy, 30% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the discount store stocks with highest dividends?

Out of 5 discount store stocks that have issued dividends in the past year, the 3 discount store stocks with the highest dividend yields are:

1. Target (NYSE:TGT)


Target (NYSE:TGT) has an annual dividend yield of 3.12%, which is 1 percentage points higher than the discount store industry average of 2.2%. Target's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Target's dividend has shown consistent growth over the last 10 years.

Target's dividend payout ratio of 49.2% indicates that its dividend yield is sustainable for the long-term.

2. Pricesmart (NASDAQ:PSMT)


Pricesmart (NASDAQ:PSMT) has an annual dividend yield of 2.59%, which is the same as the discount store industry average of 2.2%. Pricesmart's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Pricesmart's dividend has shown consistent growth over the last 10 years.

Pricesmart's dividend payout ratio of 26.1% indicates that its dividend yield is sustainable for the long-term.

3. Costco (NASDAQ:COST)


Costco (NASDAQ:COST) has an annual dividend yield of 2.25%, which is the same as the discount store industry average of 2.2%. Costco's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Costco's dividend has shown consistent growth over the last 10 years.

Costco's dividend payout ratio of 118.9% indicates that its dividend yield might not be sustainable for the long-term.

Why are discount store stocks up?

Discount store stocks were up 0.46% in the last day, and down -0.14% over the last week.

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

What are the most undervalued discount store stocks?

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

1. Bj's Wholesale Club Holdings (NYSE:BJ)


Bj's Wholesale Club Holdings (NYSE:BJ) is the most undervalued discount store stock based on WallStreetZen's Valuation Score. Bj's Wholesale Club Holdings has a valuation score of 43, which is 14 points higher than the discount store industry average of 29. It passed 3 out of 7 valuation due diligence checks.

Bj's Wholesale Club Holdings's stock has gained 39.53% in the past year. It has overperformed other stocks in the discount store industry by 12 percentage points.

2. Target (NYSE:TGT)


Target (NYSE:TGT) is the second most undervalued discount store stock based on WallStreetZen's Valuation Score. Target has a valuation score of 43, which is 14 points higher than the discount store industry average of 29. It passed 3 out of 7 valuation due diligence checks.

Target's stock has gained 5.95% in the past year. It has underperformed other stocks in the discount store industry by -21 percentage points.

3. Pricesmart (NASDAQ:PSMT)


Pricesmart (NASDAQ:PSMT) is the third most undervalued discount store stock based on WallStreetZen's Valuation Score. Pricesmart has a valuation score of 43, which is 14 points higher than the discount store industry average of 29. It passed 3 out of 7 valuation due diligence checks.

Pricesmart's stock has gained 4.22% in the past year. It has underperformed other stocks in the discount store industry by -23 percentage points.

Are discount store stocks a good buy now?

60% of discount store stocks rated by analysts are a buy right now. On average, analysts expect discount store stocks to rise by 6.25% over the next year.

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

The average P/E ratio of the discount stores industry is 35x.
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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.