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11 top discount stores stocks to buy in 2024

Ready to invest in the retail industry? Learn how to invest in discount stores stocks in just a few steps.

The best discount stores stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

The top retail stocks included on this page all trade on the S&P 500, have an analyst recommendation of "Buy" or better and are sorted by year-to-date performance.

  1. Big Lots (BIG)
  2. Five Below (FIVE)
  3. Dollar General Corporation (DG)
  4. Dollar Tree (DLTR)
  5. PriceSmart (PSMT)
  6. Burlington Stores (BURL)
  7. Grocery Outlet Holding (GO)
  8. Walmart (WMT)
  9. Costco Wholesale (COST)
  10. Ross Stores (ROST)
  11. Ollies Bargain Outlet Hldg (OLLI)

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How to invest in discount stores stocks

  1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2024.
  2. Sign up for an account. Provide your personal information and sign up.
  3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
  4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like BIG or FIVE.
  5. Place your order. Buy the stock. It's that simple.

Take a deeper dive into discount stores stocks

If you're interested in investing in the retail industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

1. Big Lots (BIG)

Big Lots, Inc. , through its subsidiaries, operates as a home discount retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattresses, home décor, case goods, and ready-to-assemble departments; seasonal category, which comprises patio furniture, gazebos, Christmas trim, lawn and garden, and other holiday departments; soft home category consists of apparel, hosiery, jewelry; frames, fashion and utility bedding, bath, window, decorative textiles, and area rugs departments; and food category that includes beverages and grocery, specialty foods, and candy and snacks departments.

Big Lots stock opened the day at $0.11 after a previous close of $0.10. The latest price was $0.11 (25-minute delay). Big Lots is listed on the NYSE, has a trailing 12-month revenue of around USD4.6 billion and employs 10,000 staff.

  • Market capitalization: $14,746,018
  • PEG ratio: 0.88

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2. Five Below (FIVE)

Five Below, Inc. operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.

Five Below stock opened the day at $94.11 after a previous close of $94.27. The latest price was $91.80 (25-minute delay). Five Below is listed on the NASDAQ, has a trailing 12-month revenue of around USD$3.7 billion and employs 7,000 staff.

  • Market capitalization: $4,859,682,816
  • P/E ratio: 17.426
  • PEG ratio: 0.7944

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3. Dollar General Corporation (DG)

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine. The company's consumable products also comprise snacks, such as candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, including over-the-counter medicines and personal care products, such as soaps, body washes, shampoos, cosmetics, and dental hygiene and foot care products; pet supplies and pet food; and tobacco products.

Dollar General Corporation stock opened the day at $84.89 after a previous close of $84.35. The latest price was $84.30 (25-minute delay). Dollar General Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$39.7 billion and employs 185,800 staff.

  • Market capitalization: $18,598,211,584
  • P/E ratio: 13.1524
  • PEG ratio: 2.0614

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4. Dollar Tree (DLTR)

Dollar Tree, Inc. operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar.

Dollar Tree stock opened the day at $71.45 after a previous close of $70.90. The latest price was $69.46 (25-minute delay). Dollar Tree is listed on the NASDAQ, has a trailing 12-month revenue of around USD$31 billion and employs 65,894 staff.

  • Market capitalization: $15,144,037,376
  • PEG ratio: 1.062

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5. PriceSmart (PSMT)

PriceSmart, Inc. owns and operates U. S. -style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia.

PriceSmart stock opened the day at $92.02 after a previous close of $92.64. The latest price was $91.21 (25-minute delay). PriceSmart is listed on the NASDAQ, has a trailing 12-month revenue of around USD$4.8 billion and employs 11,000 staff.

  • Market capitalization: $2,779,876,608
  • P/E ratio: 22.0754
  • PEG ratio: 1.94

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6. Burlington Stores (BURL)

Burlington Stores, Inc. operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.

Burlington Stores stock opened the day at $260.51 after a previous close of $264.28. The latest price was $248.00 (25-minute delay). Burlington Stores is listed on the NYSE, has a trailing 12-month revenue of around USD$10.2 billion and employs 17,052 staff.

  • Market capitalization: $16,527,394,816
  • P/E ratio: 39.216
  • PEG ratio: 2.9852

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7. Grocery Outlet Holding (GO)

Grocery Outlet Holding Corp. operates as a retailer of consumables and fresh products sold through independently operated stores in the United States. Its stores offer products in various categories, such as dairy and deli, produce, floral, fresh meat, seafood products, grocery, general merchandise, health and beauty care, frozen food, beer and wine, and ethnic products.

Grocery Outlet Holding stock opened the day at $16.52 after a previous close of $16.58. The latest price was $16.18 (25-minute delay). Grocery Outlet Holding is listed on the NASDAQ, has a trailing 12-month revenue of around USD$4.2 billion and employs 901 staff.

  • Market capitalization: $1,719,729,792
  • P/E ratio: 32.5

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8. Walmart (WMT)

Walmart Inc. engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U. S.

Walmart stock opened the day at $80.69 after a previous close of $80.94. The latest price was $79.10 (25-minute delay). Walmart is listed on the NYSE, has a trailing 12-month revenue of around USD$665 billion and employs 2,100,000 staff.

  • Market capitalization: $650,615,980,032
  • P/E ratio: 42.1563
  • PEG ratio: 2.9017

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9. Costco Wholesale (COST)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories. It offers merchandise, such as sundries, dry groceries, candies, coolers, freezers, deli, liquor, and tobacco; appliances, electronics, health and beauty aids, hardware, garden and patio products, sporting goods, tires, toys and seasonal products, office supplies, automotive care products, postages, tickets, apparel, small appliances, furniture, domestics, housewares, special order kiosks, and jewelry; and meat, produce, service deli, and bakery products.

Costco Wholesale stock opened the day at $881.60 after a previous close of $883.11. The latest price was $873.59 (25-minute delay). Costco Wholesale is listed on the NASDAQ and has a trailing 12-month revenue of around USD$254.5 billion.

  • Market capitalization: $391,329,021,952
  • P/E ratio: 53.1994
  • PEG ratio: 5.4397

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10. Ross Stores (ROST)

Ross Stores, Inc. , together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions.

Ross Stores stock opened the day at $145.07 after a previous close of $145.58. The latest price was $140.12 (25-minute delay). Ross Stores is listed on the NASDAQ, has a trailing 12-month revenue of around USD$21.1 billion and employs 108,000 staff.

  • Market capitalization: $49,163,808,768
  • P/E ratio: 23.9402
  • PEG ratio: 2.2213

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11. Ollies Bargain Outlet Hldg (OLLI)

Ollie's Bargain Outlet Holdings, Inc. operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.

Ollies Bargain Outlet Hldg stock opened the day at $96.62 after a previous close of $97.39. The latest price was $93.21 (25-minute delay). Ollies Bargain Outlet Hldg is listed on the NASDAQ, has a trailing 12-month revenue of around USD$2.2 billion and employs 5,500 staff.

  • Market capitalization: $5,963,064,320
  • P/E ratio: 29.6341
  • PEG ratio: 2.08

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Bottom line

While it’s possible to turn a profit investing in discount stores stocks, keep in mind that — like any investment — discount stores stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the retail industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

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