Top Analysts Weigh In on High-Yielding Stocks in Consumer Discretionary Sector

In times of market uncertainty, investors often seek refuge in dividend-yielding stocks, particularly those with strong cash flows that reward shareholders with generous payouts. Benzinga provides a platform where investors can access the latest analyst insights on their preferred stocks. To navigate this data, Benzinga’s Analyst Stock Ratings page offers a comprehensive database, allowing traders to sort by analyst accuracy, among other criteria.

This article focuses on the most accurate analysts’ perspectives for three high-yielding companies within the consumer discretionary sector:

Kohl’s Corporation (KSS) – Dividend Yield: 10.14%

On August 29th, JP Morgan analyst Matthew Boss downgraded Kohl’s from Neutral to Underweight, setting a price target of $19. Boss boasts an accuracy rate of 67%. Simultaneously, Evercore ISI Group analyst Michael Binetti maintained an In-Line rating, reducing the price target from $22 to $20. Binetti’s accuracy rate stands at 62%. It’s worth noting that on August 28th, Kohl’s announced better-than-expected second-quarter financial results, a development highlighted by Benzinga Pro’s real-time newsfeed.

Whirlpool Corporation (WHR) – Dividend Yield: 7.10%

B of A Securities analyst Rafe Jadrosich reinstated an Underperform rating on July 30th, setting a price target of $88. Jadrosich has an accuracy rate of 73%. On July 26th, RBC Capital analyst Mike Dahl maintained an Underperform rating, lowering the price target from $79 to $76. Dahl boasts an accuracy rate of 72%. On August 19th, Whirlpool declared a quarterly dividend of $1.75 per share, an event identified by Benzinga Pro’s charting tool, which aids in analyzing stock trends.

Bloomin’ Brands, Inc. (BLMN) – Dividend Yield: 5.73%

Citigroup analyst Jon Tower maintained a Neutral rating on August 19th, reducing the price target from $22 to $20. Tower has an accuracy rate of 73%. Deutsche Bank analyst Lauren Silberman maintained a Hold rating, slashing the price target from $26 to $19 on August 7th. Silberman holds an accuracy rate of 75%. Notably, on August 26th, Bloomin’ Brands appointed Michael L. Spanos as its new Chief Executive Officer, an event flagged by Benzinga Pro’s signals feature, which identifies potential breakouts in share prices.

By utilizing Benzinga’s comprehensive platform, investors can access timely and insightful data to make informed investment decisions in this volatile market.

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