Check Out 3 Consumer Stocks With Over 7% Dividend Yields From Wall Street's Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Analysts have provided ratings for three high-yield dividend stocks in the consumer discretionary sector: Kohl's Corporation (KSS), Leggett & Platt, Incorporated (LEG), and Foot Locker, Inc. (FL). These stocks offer dividend yields above 7% and have been recently rated by some of Wall Street's most accurate analysts. KSS beat revenue expectations in Q2 FY23, LEG posted downbeat earnings for Q3, and FL is expected to report Q3 results on Nov. 29, 2023.
November 20, 2023 | 1:29 pm
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NEGATIVE IMPACT
Leggett & Platt offers a 7.71% dividend yield but reported disappointing earnings for Q3, with analysts maintaining Hold and Underweight ratings.
Disappointing Q3 earnings and cautious analyst ratings suggest potential downward pressure on LEG's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Foot Locker, with a 7.22% dividend yield, was downgraded by JP Morgan and is expected to report Q3 results on Nov. 29, 2023.
The upcoming Q3 report for FL could be a pivotal moment for the stock, but the recent downgrade suggests caution, resulting in a neutral score.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Kohl's Corporation has a high dividend yield of 7.82% and received mixed ratings from analysts with a recent beat on Q2 FY23 revenue estimates.
KSS's recent revenue beat may support the stock price, but mixed analyst ratings with no strong buy or sell consensus lead to a neutral score.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80