Wall Street's Most Accurate Analysts' Views On 3 Consumer Stocks Delivering High-Dividend Yields

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.

Darden Restaurants, Inc. DRI

• Dividend Yield: 3.51%
• TD Cowen analyst Andrew Charles reiterated a Buy rating with a price target of $190 on April 22. This analyst has an accuracy rate of 75%.
• Truist Securities analyst Jake Bartlett maintained a Buy rating and cut the price target from $190 to $185 on March 27. This analyst has an accuracy rate of 79%.
• Recent News: On March 21, Darden Restaurants reported mixed results for its third quarter.

Tapestry, Inc. TPR

• Dividend Yield: 3.57%
• Evercore ISI Group analyst Michael Binettiupgraded the stock from In-Line to Outperform and boosted the price target from $30 to $50 on Feb. 5. This analyst has an accuracy rate of 61%.
• Wells Fargo analyst Ike Boruchow maintained an Overweight rating and increased the price target from $50 to $60 on Feb. 2. This analyst has an accuracy rate of 71%.
• Recent News: Tapestry is scheduled to hold a conference call to discuss its fiscal 2024 third quarter results on Thursday, May 9.

Macy’s, Inc. M

• Dividend Yield: 3.53%
• TD Cowen analyst Adam Maeder downgraded the stock from Outperform to Market Perform and cut the price target from $23 to $20 on Feb. 29. This analyst has an accuracy rate of 67%.
• Morgan Stanley analyst Alexandra Walvis maintained an Equal-Weight rating and cut the price target from $21 to $20 on Feb. 28. This analyst has an accuracy rate of 72%.
• Recent News: On April 10, Macy’s named Richard Clark and Richard L. Markee to Board of Directors.

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