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.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer discretionary sector.
Darden Restaurants, Inc. (NYSE:DRI)
- Dividend Yield: 3.44%
- TD Cowen analyst Andrew Charles reiterated a Buy rating with a price target of $190 on April 12, 2024. This analyst has an accuracy rate of 70%.
- Truist Securities analyst Jake Bartlett maintained a Buy rating and cut the price target from $190 to $185 on March 27, 2024. This analyst has an accuracy rate of 79%.
- Recent News: On March 21, Darden Restaurants reported mixed results for its third quarter.
Tapestry, Inc. (NYSE:TPR)
- Dividend Yield: 3.46%
- Wells Fargo analyst Ike Boruchow maintained an Overweight rating and boosted the price target from $50 to $60 on Feb. 2, 2024. This analyst has an accuracy rate of 71%.
- Raymond James analyst Rick Patel maintained an Outperform rating and raised the price target from $40 to $44 on Jan. 30, 2024. This analyst has an accuracy rate of 81%.
- Recent News: According to a recent report, the FTC is preparing to sue to block the company’s takeover of Capri.
Kontoor Brands, Inc. (NYSE:KTB)
- Dividend Yield: 3.61%
- Barclays analyst Adrienne Yih maintained an Overweight rating and cut the price target from $75 to $65 on Feb. 29, 2024. This analyst has an accuracy rate of 69%.
- UBS analyst Jay Sole maintained a Buy rating and boosted the price target from $83 to $85 on Feb. 16, 2024. This analyst has an accuracy rate of 72%.
- Recent News: Kontoor Brands announced plans to release its first quarter 2024 financial results on May 2, 2024.
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