In the tempestuous seas of the market, investors often seek solace in the calm harbors of high-dividend stocks. These stalwart companies, anchored by strong cash flows, generously reward their shareholders with bountiful dividends.
For those navigating these turbulent waters, like our readers here at Benzinga, insights from top analysts can be invaluable. By perusing our Analyst Stock Ratings page, traders can sift through a treasure trove of analyst opinions, selecting based on their historical accuracy ratings.
Let’s delve into the assessments of Wall Street’s most precise seers regarding three consumer-oriented stocks with divined dividend yields.
The Upholstered Fortune of Leggett & Platt, Incorporated LEG
- Dividend Yield: 8.83%
- Truist Securities analyst Keith Hughes kept a cautious Hold rating, lowering the price target from $24 to $18 on February 13, 2024. Impressively, this analyst boasts an accuracy rate of 87%.
- Piper Sandler analyst Peter Keith echoed a bearish sentiment with an Underweight rating, reducing the price target from $21 to $18 on November 1, 2023, exhibiting a commendable accuracy rate of 71%.
- Recent Developments: On February 8, amidst stormy seas, Leggett & Platt announced lackluster fourth-quarter results, issuing FY24 adjusted EPS and revenue guidance that fell below market expectations.
The Rustic Charm of Cracker Barrel Old Country Store, Inc. CBRL
- Dividend Yield: 7.38%
- Truist Securities analyst Jake Bartlett opted for a conservative Hold stance, lifting the price target from $70 to $75 on February 2, 2024. Notably, this analyst demonstrates an 82% accuracy rate.
- Piper Sandler analyst Brian Mullan echoed a neutral sentiment with a price cut, maintaining a Neutral rating and reducing the price target from $96 to $75 on December 4, 2023. This analyst boasts an 86% accuracy rate.
- Recent Developments: Amidst the tranquil countryside setting, Cracker Barrel Old Country Store named Carl T. Berquist as the board Chairman, following Sandra B. Cochran’s swift departure.
The Retail Realm of Kohl’s Corporation KSS
- Dividend Yield: 7.26%
- Evercore ISI Group analyst Michael Binetti initiated coverage with a balanced In-Line rating and a price target of $24 on November 7, 2023. Notably, this analyst touts a 64% accuracy rate.
- B of A Securities analyst Lorraine Hutchinson remained pessimistic with an Underperform rating, slashing the price target from $25 to $22 on September 26, 2023. This analyst holds a 62% accuracy rate.
- Recent Developments: A current saga unfolds as a hedge fund linked to a former Canadian Prime Minister pushes Kohl’s to consider selling itself, adding an intriguing twist to this evolving narrative.
Immerse yourself in more financial insights: Workday, Domino’s, and other compelling stocks await your discovery as you gaze ahead to the market’s horizon.
