Wall Street's Most Accurate Analysts Say Hold These 3 Consumer Stocks With Over 6% Dividend Yields
Portfolio Pulse from Lisa Levin
The most accurate Wall Street analysts recommend holding three consumer stocks with over 6% dividend yields: Big Lots, Inc. (BIG), Foot Locker, Inc. (FL), and Cracker Barrel Old Country Store, Inc. (CBRL). These recommendations are based on the companies' high free cash flows and high dividend payouts. Recent news for each company includes upcoming Q2 results for BIG and FL, and a CEO transition for CBRL.
August 22, 2023 | 1:22 pm
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NEUTRAL IMPACT
Big Lots, Inc. (BIG) has a dividend yield of 16.39%. Analysts from Deutsche Bank and Loop Capital maintain a Hold rating, with price targets cut to $6. Q2 results are expected on Aug. 29, 2023.
The Hold rating and high dividend yield suggest a stable short-term outlook for BIG. However, the cut in price targets indicates potential downside risks. The upcoming Q2 results could impact the stock price.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Cracker Barrel Old Country Store, Inc. (CBRL) has a dividend yield of 6.11%. Analysts from Piper Sandler and Truist Securities recommend holding the stock, with a price target cut to $97. The company recently announced a CEO transition.
The Hold rating and high dividend yield suggest a stable short-term outlook for CBRL. However, the cut in price target and CEO transition indicate potential risks and uncertainties. These factors could impact the stock price.
CONFIDENCE 79
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Foot Locker, Inc. (FL) has a dividend yield of 6.33%. Analysts from Williams Trading and Goldman Sachs recommend holding the stock, with a price target cut to $29. Q2 results are expected on Aug. 23, 2023.
The Hold rating and high dividend yield suggest a stable short-term outlook for FL. However, the cut in price target indicates potential downside risks. The upcoming Q2 results could impact the stock price.
CONFIDENCE 73
IMPORTANCE 70
RELEVANCE 100