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Wall Street's Most Accurate Analysts Give Their Take On 3 Consumer Stocks With Over 7% Dividend Yields
BLMNBloomin’ Brands(BLMN) Benzinga·2024-12-27 12:47

Core Insights - Investors are increasingly turning to dividend-yielding stocks during market turbulence, as these companies typically have high free cash flows and offer substantial dividend payouts [1] Group 1: Stock Ratings and Analyst Insights - Guess?, Inc. (GES) has a dividend yield of 8.63%. Analyst Eric Beder maintains a Buy rating with a price target of 23,whileDanaTelseyhasaMarketPerformratingandreducedthepricetargetfrom23, while Dana Telsey has a Market Perform rating and reduced the price target from 21 to 18[3]KohlsCorporation(KSS)hasadividendyieldof13.4718 [3] - Kohl's Corporation (KSS) has a dividend yield of 13.47%. Analyst Robert Drbul downgraded the stock from Buy to Neutral, and Paul Lejuez maintained a Neutral rating while cutting the price target from 18 to 14[4]BloominBrands,Inc.(BLMN)hasadividendyieldof7.7314 [4] - Bloomin' Brands, Inc. (BLMN) has a dividend yield of 7.73%. Analyst John Ivankoe kept a Neutral rating and lowered the price target from 19 to 14,whileBrianVaccarodowngradedthestockfromOutperformtoMarketPerform[5]Group2:RecentCompanyPerformanceGuess?reportedayearoveryeardecreaseinthirdquarteradjustedEPSresultsasofNov.26[3]KohlsreportedworsethanexpectedthirdquarterEPSandsales,cutitsFY24EPSguidance,andprojectedanetsalesdecreaseof714, while Brian Vaccaro downgraded the stock from Outperform to Market Perform [5] Group 2: Recent Company Performance - Guess? reported a year-over-year decrease in third-quarter adjusted EPS results as of Nov. 26 [3] - Kohl's reported worse-than-expected third-quarter EPS and sales, cut its FY24 EPS guidance, and projected a net sales decrease of 7%-8% as of Nov. 27 [4] - Bloomin' Brands reported third-quarter adjusted earnings per share of 21 cents, beating the street view of 20 cents, but quarterly revenues of 1.038 billion were down 3.8% and missed the analyst consensus of $1.042 billion [5]