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. BIG
- Dividend Yield: 12.75%
- 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 slashed the price target from $14 to $6 on May 30, 2023. This analyst has an accuracy rate of 68%.
- Recent News: Big Lots announced execution of $318 million sale and leaseback agreement for distribution center and 26 owned store locations.
Kohl’s Corporation KSS
- Dividend Yield: 7.04%
- Citigroup analyst Paul Lejuez maintained a Neutral rating and raised the price target from $19 to $20 on May 25, 2023. This analyst has an accuracy rate of 67%.
- Gordon Haskett analyst Chuck Grom downgraded the stock from Accumulate to Hold with a price target of $30 on July 7, 2022. This analyst has an accuracy rate of 69%.
- Recent News: Kohl’s reported better-than-expected first-quarter results and reaffirmed FY23 outlook.
Foot Locker, Inc. FL
- Dividend Yield: 6.23%
- 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%.
- TD Cowen analyst John Kernan maintained a Market Perform rating and slashed the price target from $39 to $26 on May 22, 2023. This analyst has an accuracy rate of 70%.
- Recent News: Foot Locker reported worse-than-expected first-quarter financial results.
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