In uncertain market conditions, many investors seek the stability and income provided by dividend-yielding stocks. These companies often possess robust free cash flow and reward shareholders with substantial dividend payouts. This article focuses on three high-yielding stocks in the consumer discretionary sector and their recent analyst ratings.
Kohl’s Corporation (KSS) – Dividend Yield: 10.14%
* JP Morgan analyst Matthew Boss maintained a Neutral rating on May 31st, lowering the price target from $25 to $20. Boss has an accuracy rate of 67%.
* Evercore ISI Group analyst Michael Binetti maintained an In-Line rating on May 31st, also slashing the price target from $24 to $22. Binetti’s accuracy rate stands at 62%.
Kohl’s recently declared a regular quarterly dividend of 50 cents per share on August 13th.
The Wendy’s Company (WEN) – Dividend Yield: 5.89%
* Deutsche Bank analyst Lauren Silberman maintained a Hold rating on August 2nd, reducing the price target from $20 to $18. Silberman has an accuracy rate of 75%.
* Stifel analyst Chris O’Cull also maintained a Hold rating on August 2nd. O’Cull boasts an accuracy rate of 73%.
On August 1st, Wendy’s reported a 1.6% year-over-year increase in second-quarter 2024 revenue, reaching $570.7 million. This figure fell short of the analyst consensus estimate of $577.371 million.
Guess?, Inc. (GES) – Dividend Yield: 5.73%
* B. Riley Securities analyst Jeff Lick reiterated a Buy rating on April 8th, increasing the price target from $33 to $37. Lick has an accuracy rate of 66%.
* Jefferies analyst Corey Tarlowe maintained a Hold rating on March 21st, raising the price target from $24 to $29. Tarlowe has an accuracy rate of 68%.
Guess? appointed Dennis Secor as interim CFO effective August 26th.
By analyzing these analyst ratings and recent company news, investors can gain valuable insights to inform their investment decisions regarding these high-yielding consumer discretionary stocks.
