Williams-Sonoma Stock Rating Reaffirmed by Jefferies Group (WSM)
Williams-Sonoma (NYSE:WSM)‘s stock had its “buy” rating reaffirmed by Jefferies Group in a research note issued on Thursday, AnalystRatingsNetwork.com reports. They currently have a $67.00 target price on the stock, up from their previous target price of $52.00. Jefferies Group’s target price points to a potential upside of 16.12% from the company’s current price.
The analysts wrote, “We continue to like WSM shares for the year ahead and we believe the downside at current levels is limited as we head into the 2Q print next week. The odds of a miss are fairly remote, in our view, and we believe there is an expectation that management will continue to guide very conservatively when it lays out its plan for the back half of the year.”
A number of other firms have also recently commented on WSM. Analysts at Morgan Stanley raised their price target on shares of Williams-Sonoma from $63.00 to $64.00 in a research note to investors on Friday, August 16th. They now have an “overweight” rating on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Williams-Sonoma from $65.00 to $68.00 in a research note to investors on Thursday, August 15th. Finally, analysts at Canaccord Genuity raised their price target on shares of Williams-Sonoma from $57.00 to $62.00 in a research note to investors on Thursday, June 13th. They now have a “buy” rating on the stock.
Fifteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Williams-Sonoma currently has a consensus rating of “Hold” and a consensus target price of $54.57.
Williams-Sonoma (NYSE:WSM) traded up 0.59% on Thursday, hitting $58.04. The stock had a trading volume of 352,228 shares. Williams-Sonoma has a 52-week low of $40.80 and a 52-week high of $61.38. The stock’s 50-day moving average is $58.93 and its 200-day moving average is $53.20. The company has a market cap of $5.641 billion and a price-to-earnings ratio of 21.80.
Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The direct-to-customer segment of the Company’s business sells its products through its six e-commerce Websites (NYSE:WSM) and seven direct-mail catalogs (Williams-Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Bed and Bath, PBteen, West Elm and Rejuvenation).
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