These 3 Consumer Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts
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.
Marriott Vacations Worldwide Corporation (NYSE:VAC)
- Dividend Yield: 3.10%
- Stifel analyst Simon Yarmak maintained a Buy rating and raised the price target from $115 to $117 on May 7. This analyst has an accuracy rate of 65%.
- Truist Securities analyst Patrick Scholes maintained a Buy rating and boosted the price target from $149 to $159 on March 5. This analyst has an accuracy rate of 72%.
- Recent News: On May 6, Marriott Vacations posted better-than-expected quarterly earnings.
Tapestry, Inc. (NYSE:TPR)
- Dividend Yield: 3.30%
- JP Morgan analyst Matthew Bossmaintained an Overweight rating and cut the price target from $56 to $54 on May 10. This analyst has an accuracy rate of 67%.
- Baird analyst Mark Altschwagermaintained an Outperform rating and slashed the price target from $52 to $50 on May 10. This analyst has an accuracy rate of 67%.
- Recent News: On May 9, Tapestry reported a third-quarter FY24 sales decline of 2% year-on-year to $1.482 billion, missing the analyst consensus estimate of $1.498 billion.
International Game Technology PLC (NYSE:IGT)
- Dividend Yield: 3.94%
- Susquehanna analyst Joseph Stauff maintained a Positive rating and cut the price target from $40 to $33 on May 16. This analyst has an accuracy rate of 76%.
- B. Riley Securities analyst David Bainreinstated a Buy rating with a price target of $30 on April 5. This analyst has an accuracy rate of 65%.
- Recent News: On May 14, The company reported first-quarter adjusted earnings per share of 46 cents, beating the analyst consensus of 23 cents. Quarterly sales of $1.067 billion beat the street view of $1.029 billion..
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