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Wall Street's Most Accurate Analysts Say Hold These 3 Consumer Stocks With Over 6% Dividend Yields

Published 22/08/2023, 14:22
© Reuters. Wall Street's Most Accurate Analysts Say Hold These 3 Consumer Stocks With Over 6% Dividend Yields

Benzinga - by Lisa Levin, Benzinga Editor. 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.

Big Lots, Inc. (NYSE: BIG)

  • Dividend Yield: 16.39%
  • Deutsche Bank analyst Krisztina Katai maintained a Hold rating and cut the price target from $8 to $6 on May 30, 2023. This analyst has an accuracy rate of 70%.
  • Loop Capital analyst Anthony Chukumba maintained a Hold rating and cut the price target from $14 to $6 on May 30, 2023. This analyst has an accuracy rate of 68%.
  • Recent News: Big Lots is expected to report the results for the second quarter of fiscal 2023 on Aug. 29, 2023.
Foot Locker, Inc.
  • Dividend Yield: 6.33%
  • Williams Trading analyst Sam Poser upgraded the stock from Sell to Hold on Aug. 18, 2023. This analyst has an accuracy rate of 76%.
  • Goldman Sachs analyst Kate McShane maintained a Neutral rating and cut the price target from $37 to $29 on May 23, 2023. This analyst has an accuracy rate of 70%.
  • Recent News: Foot Locker is expected to report financial results for its second quarter on Aug. 23, 2023.
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Cracker Barrel Old Country Store, Inc.
  • Dividend Yield: 6.11%
  • Piper Sandler analyst Brian Mullan initiated coverage on the stock with a Neutral rating and a price target of $96 on July 18, 2023. This analyst has an accuracy rate of 76%.
  • Truist Securities analyst Jake Bartlett maintained a Hold rating and slashed the price target from $103 to $97 on June 7, 2023. This analyst has an accuracy rate of 83%.
  • Recent News: Cracker Barrel Old Country Store named Julie Felss Masino to succeed Sandra B. Cochran as next President and CEO.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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