Williams-Sonoma Given Consensus Rating of “Buy” by Analysts (NYSE:WSM)
Williams-Sonoma (NYSE:WSM) has received a consensus recommendation of “Buy” from the eighteen analysts that are currently covering the stock, AR Network reports. Seven investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $68.19.
Shares of Williams-Sonoma (NYSE:WSM) opened at 67.53 on Wednesday. Williams-Sonoma has a 52 week low of $51.70 and a 52 week high of $69.49. The stock’s 50-day moving average is $63.43 and its 200-day moving average is $59.76. The company has a market cap of $6.347 billion and a price-to-earnings ratio of 23.21.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Wednesday, May 21st. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.44 by $0.04. The company had revenue of $974.00 million for the quarter, compared to the consensus estimate of $941.88 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Analysts expect that Williams-Sonoma will post $3.20 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Piper Jaffray upgraded shares of Williams-Sonoma from a “neutral” rating to an “overweight” rating in a research note on Wednesday. They now have a $85.00 price target on the stock, up previously from $71.00. Separately, analysts at Oppenheimer raised their price target on shares of Williams-Sonoma from $67.00 to $68.00 in a research note on Thursday, May 22nd. They now have a “market perform” rating on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of Williams-Sonoma from $70.00 to $73.00 in a research note on Thursday, May 22nd. They now have an “outperform” rating on the stock.
Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company is an e- commerce retailer with brands in home furnishings.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.