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: 10.17%
- Citigroup analyst Paul Lejuez maintained a Neutral rating and cut the price target from $8 to $7 on Feb. 3, 2023. This analyst has an accuracy rate of 69%.
- Credit Suisse analyst Michael Binetti maintained a Neutral rating and slashed the price target from $7 to $6 on Feb. 3, 2023. This analyst has an accuracy rate of 61%.
- Recent News: HanesBrands announced plans to raise $600 million via private senior unsecured note offering.
- Dividend Yield: 8.05%
- Piper Sandler analyst Peter Keith maintained a Neutral rating and cut the price target from $25 to $15 on Dec. 2, 2022. This analyst has an accuracy rate of 76%.
- Deutsche Bank analyst Krisztina Katai maintained a Hold rating and slashed the price target from $13 to $10 on Dec. 6, 2022. This analyst has an accuracy rate of 64%.
- Recent News: Big Lots reported a fourth-quarter sales decline Thursday of 10.9% year-on-year to $1.543 billion, missing the consensus of $1.55 billion.
- Dividend Yield: 6.33%
- Morgan Stanley analyst Dara Mohsenian maintained an Equal-Weight rating and cut the price target from $17 to $16 on Feb. 13, 2023. This analyst has an accuracy rate of 73%.
- Deutsche Bank analyst Steve Powers maintained a Hold rating and slashed the price target from $17 to $16 on Dec. 6, 2022. This analyst has an accuracy rate of 70%.
- Recent News: Newell Brands reported a fourth-quarter FY22 sales decline of 18.5% year-on-year to $2.29 billion, beating the consensus of $2.23 billion.
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