Wall Street's Most Accurate Analysts Say Hold These 3 Consumer Stocks Delivering High-Dividend Yields
Portfolio Pulse from Lisa Levin
The most accurate Wall Street analysts recommend holding three high-dividend yielding consumer stocks: Big Lots, Inc. (BIG), Kohl's Corporation (KSS), and Foot Locker, Inc. (FL). BIG recently executed a $318 million sale and leaseback agreement, KSS reported better-than-expected Q1 results and reaffirmed its FY23 outlook, while FL reported worse-than-expected Q1 results.
August 04, 2023 | 3:24 pm
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NEGATIVE IMPACT
Foot Locker reported worse-than-expected Q1 results. Analysts maintain a 'Neutral' rating with a reduced price target.
The worse-than-expected Q1 results could negatively impact FL's stock price in the short term. The reduced price target reflects analysts' concerns.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Big Lots executed a $318 million sale and leaseback agreement. Analysts maintain a 'Hold' rating with a reduced price target.
The sale and leaseback agreement could provide BIG with additional liquidity, but the reduced price target indicates analysts' caution.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Kohl's reported better-than-expected Q1 results and reaffirmed its FY23 outlook. Analysts maintain a 'Neutral' rating with a slightly increased price target.
The strong Q1 results and reaffirmed outlook could boost investor confidence, but the 'Neutral' rating suggests analysts see limited upside.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 100