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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
Check This Out:
This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Once a major beneficiary of the artificial intelligence (AI) wave, Super Micro Computer, Inc. is now under a dark cloud of uncertainty. After a sharp post-earnings slide, short-seller Hindenburg Research unleashed a wave of allegations last month, accusing the company of accounting manipulations, export control violations, and self-dealing.
The report effectively resurfaced old regulatory issues, with concerns over the re-hiring of executives linked to previous scandals and deals involving CEO Charles Liang’s family-controlled suppliers. Furthermore, Hindenburg’s report also suggested sanction-dodging exports to Russia and the loss of support from key clients like Nvidia and Tesla .
The Hindenburg report itself made a fairly limited impact, but the next day, Super Micro Computer announced a delay in filing its annual Form 10-K with the Securities and Exchange Commission (SEC), citing the need for extra time to assess the effectiveness of its internal controls. This rattled investor confidence, with SMCI stock reeling on the news, and sent some formerly bullish analysts to the bearish camp.
Notably, JPMorgan initially defended Super Micro against the Hindenburg allegations, representing a high-profile vote of confidence - but the brokerage has since backed down from that stance with a new downgrade of SMCI. So, what sparked the about-face? Let’s take a closer look to find out.
About Super Micro Computer Stock
Founded in 1993, California-based Super Micro Computer, Inc. has emerged as a global leader in high-performance server, liquid cooling technology, and storage solutions, specializing in systems optimized for demanding computational workloads. With a market cap of around $23.08 billion, Super Micro caters to enterprise data centers, cloud computing, AI, and 5G edge computing worldwide.
Following a historic two-year rally, Super Micro stock made its debut in the prestigious S&P 500 Index in March, replacing Whirlpool Corporation . By July, it had also secured a spot in the Nasdaq-100 Index ($IUXX), cementing its status among the market’s elite.
Even after the company’s steep 66.4% pullback from its March highs, SMCI stock is up more than 51% over the past year and 47% on a YTD basis, outshining the broader SPX’s returns of 22.1% over the past year and 14.9% on a YTD basis.
From a valuation perspective, SMCI stock is trading at 13.56 times forward earnings, which is lower than the tech sector median, as well as its own five-year average.
Super Micro Slides After Q4 Earnings Fall Short
After the company released its fiscal Q4 earnings results on Aug. 6, which fell short of Wall Street’s bottom-line expectations, shares of Super Micro took a nosedive, plummeting more than 20% in the subsequent trading session. SMCI’s net sales of $5.3 billion shot up a notable 143.6% year over year, and topped estimates marginally.
However, despite an impressive 78.1% annual growth, Super Micro Computer’s adjusted earnings of $6.25 per share missed Wall Street’s expectations by a wide 23.2% margin. The company also disclosed a sharp decline in gross margin to 11.2% for the quarter, down from 17% in the year-ago quarter and 15.5% in fiscal Q3. This steep drop in profitability contrasts sharply with CEO Charles Liang’s claim of record demand for the company’s new AI infrastructure.
As of June 30, Super Micro Computer reported approximately $1.7 billion in cash and cash equivalents, against a hefty $2.2 billion in bank debt and convertible notes. Plus, the company also announced a 10-for-1 stock split alongside its Q4 earnings release, with the split scheduled to take effect on Oct. 1.
For Q1 of fiscal 2025, management projects net sales to range between $6 billion and $7 billion, while adjusted EPS is expected to land between $6.69 and $8.27. Looking forward to fiscal 2025, the company anticipates net sales to range between $26 billion and $30 billion.
Analytics tracking Super Micro Computer project the company’s profit to hit $28.50 per share in fiscal 2025, up 41.9% year over year, and climb another 11% to $31.63 per share in fiscal 2026.
What Do Analysts Expect for Super Micro Computer Stock?
After the release of the Hindenburg short report, JPMorgan was one of the first - and only - big-name brokerage firms stepping up to defend Super Micro Computer.
The firm initially brushed off the short seller’s claims, stating there was "limited evidence of accounting mistreatments beyond revisiting the 2020 charges from the SEC" and found little new information about SMCI’s existing connections with businesses owned by the founder's siblings.
However, JPMorgan has since shifted its stance, downgrading SMCI stock from “Overweight” to “Neutral” alongside a hefty price target cut.
In a carefully worded note, JPMorgan analyst Samik Chatterjee explained, “our downgrade is not led by lower confidence in the company’s ability to regain compliance in relation to regulatory filings or related to any of the tenets of the Hindenburg report but more so driven by a 1) near-term view where there is a not a clear rationale for new investors stepping into SMCI shares while uncertainty exists around regaining compliance and 2) the watch-point in relation to follow-up response from Super Micro to ensure that customers do not divert orders, which could involve aggressive pricing, in our view, and the competitive response from peers.”
Chatterjee also slashed SMCI’s price target nearly in half, from $950 to $500.
Overall, Wall Street is still cautiously optimistic on SMCI, which is clinging to a consensus “Moderate Buy” rating. Of the 12 analysts covering the stock, four advise a “Strong Buy,” seven suggest a “Hold,” and one analyst advocates a “Strong Sell.”
Just two months ago, though, the picture was much more bullish, as SMCI had seven “Strong Buys” and only four “Holds.”
The mean price target for SMCI has also been declining lately, but still stands at an ambitious $819.07 - indicating an expected upside potential of 94% from current levels.
On the date of publication, Anushka Mukherji did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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