Benzinga - During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Here's a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga's Analyst Stock Ratings.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer discretionary sector.
Hanesbrands Inc. (NYSE: HBI)
- Dividend Yield: 10.10%
- Raymond James analyst Matthew McClintock maintained a Strong Buy rating and cut the price target from $20 to $16 on Nov. 6, 2020. This analyst has an accuracy rate of 86%.
- B. Riley Securities analyst Susan Anderson maintained a Buy rating and slashed the price target from $18 to $14 on Aug. 12, 2022. This analyst has an accuracy rate of 74%.
- Recent News: HanesBrands announced plans to raise $600 million via private senior unsecured note offering. The company also reported a fourth-quarter FY22 sales decline of 16% year-on-year to $1.473 billion.
- Dividend Yield: 9.78%
- Baird analyst Craig Kennison upgraded the stock from Neutral to Outperform on Aug. 4, 2021. This analyst has an accuracy rate of 74%.
- Raymond James analyst Joseph Altobello maintained an Outperform rating and cut the price target from $36 to $30 on Nov. 3, 2022. This analyst has an accuracy rate of 73%.
- Recent News: Camping World is expected to report its financial results for the fourth quarter fiscal 2022 on Tuesday, Feb. 21, 2023. During November, Camping World inked an agreement to acquire RV Solutions Inc, a family-owned RV dealership group in San Diego, California.
- Dividend Yield: 7.95%
- Oppenheimer analyst Ian Zaffino maintained an Outperform rating and cut the price target from $65 to $45 on Aug. 8, 2022. This analyst has an accuracy rate of 75%.
- Barrington Research analyst Alexander Paris maintained an Outperform rating and lowered the price target from $40 to $35 on Nov. 4, 2022. This analyst has an accuracy rate of 75%.
- Recent News: According to a recent Wall Street Journal report citing people familiar with the matter, Franchise Group is considering going private via a management buyout. Separately, Franchise Group is considering a potential deal to acquire furniture chain Conn's.
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