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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 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.
Dividend Yield: 7.10%
Read More:
Latest Ratings for KSS
Date | Firm | Action | From | To |
---|---|---|---|---|
Mar 2022 | Telsey Advisory Group | Maintains | Market Perform | |
Mar 2022 | Credit Suisse | Maintains | Neutral | |
Feb 2022 | Gordon Haskett | Downgrades | Buy | Accumulate |
View More Analyst Ratings for KSS
View the Latest Analyst Ratings
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Dillard’s (DDS) is a Zacks Rank #5 (Strong Sell) that is a department store chain in the United States. It offers a wide range of products, including clothing, footwear, accessories, beauty products, home goods, and furniture. They focus on selling mid- to high-end brands and operate both physical stores and an online platform.
The stock continues to trend lower in 2024 and recently accelerated to the downside after reporting earnings.
Investors might be tempted to buy the dip, but analysts have been lowering estimates and the chart has a bearish look to it.
About the Company
Dillard’s was founded in 1938 and is headquartered in Little Rock, Arkansas. The company employs about 30,000 employees and the stock market cap of $5.4 billion.
The company manages 273 Dillard’s locations, including 28 clearance stores, across 30 states. Additionally, it offers its merchandise online. The majority of its stores are situated in the Southwest, Southeast, and Midwest regions of the United States.
The stock holds Zacks Style Scores of “A” in Value, but “D” in both Growth and Momentum.
Q2 Earnings
In August, Dilliard's reported a 22% EPS miss for Q2. This was the first miss since 2020 when COVID was at its peak.
Revenue missed and same-store sales were down 5% y/y. Margins were also down y/y and inventory was unchanged.
Management expressed disappointment with the weak performance in the second quarter, citing a challenging consumer environment and rising expenses that impacted profitability. They are actively working to address these issues but noted that they ended the quarter with over $1 billion in cash and short-term investments.
Estimates Fall
Since earnings, analysts have cut earnings estimates sharply.
For the current quarter, the estimates have fallen from $7.35 to $6.47, or 12%.
The next quarter saw a similar drop, with numbers falling from $10.12 to $9.05, or 11%.
Looking at next year, analysts have dropped estimates by 11%, falling from $32.25 to $28.81.
With the falling estimates, analysts have been lowering price targets as well. UBS reiterated its sell rating and lowered its PT to $194. That is about 40% lower than current levels.
Technical Take
The stock is trading below all major moving averages. The 21-day is $347, the 50-day is $382 and the 200-day is $405. After the earnings report, the 50-day moved below the 200-day, a signal known as the “Death Cross”.
The stock has recently broken a Fibonacci support level just under $350. This breaks the long-term trend so investors should shy away from the name until the chart situation improves.
In Summary
Dillard’s recent struggles highlight serious challenges ahead, with disappointing earnings results and a bearish technical outlook.
The substantial cut in earnings estimates and the technical "Death Cross" signal suggest that the stock could face further declines. Investors should exercise caution and consider waiting for a clearer turnaround before reassessing the stock's potential.
For those interested in the space, a better option might be Khol’s (KSS). The stock is a Zacks Rank #3 (HOLD) that is coming off a 28% earnings beat.
Zacks Investment Research
Global logistics company DHL is reportedly taking legal action against MyPillow for nearly $800,000 in unpaid bills.
What Happened: The lawsuit, lodged in Hennepin County District Court in Minneapolis, alleges that MyPillow violated a contract requiring payment for all parcel delivery services within 15 days of invoicing. Court documents indicate that a settlement was agreed upon in May 2023, obligating MyPillow to pay $775,000 in 24 monthly installments beginning in April 2024, reported AP News.
DHL asserts that MyPillow has only partially fulfilled the settlement, contributing $64,583.34, with the last payment received on June 6. DHL informed MyPillow of its default on July 2. The lawsuit demands $799,925.59, plus interest and attorney fees.
Mike Lindell, MyPillow’s founder, told AP News that he was not fully aware of the lawsuit’s details, but noted that his company ceased using DHL over a year ago due to a dispute over shipments, which he blames on DHL.
This lawsuit adds to a string of legal issues for Lindell and MyPillow, who are currently facing defamation lawsuits from two voting machine companies.
Benzinga has contacted MyPillow for a statement regarding this development. The story will be updated as and when a response is received from the company.
Why It Matters: MyPillow has been grappling with financial difficulties and controversies for some time. In July 2023, CEO Lindell reported a “massive, massive cancellation” of orders due to backlash from his continued claims that the 2020 presidential election was stolen from Donald Trump, leading several retailers, including Walmart and Kohl’s Corporation to remove MyPillow products from their shelves.
Further financial woes forced the company to pull its TV ads in October 2023. In March 2024, MyPillow was evicted from its Minnesota warehouse, although Lindell denied that this was a sign of financial instability.
Image via Shutterstock
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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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