Williams-Sonoma Sets New 1-Year High at $69.64 (WSM)
Williams-Sonoma (NYSE:WSM)’s share price reached a new 52-week high during mid-day trading on Monday , Stock Ratings Network reports. The stock traded as high as $69.64 and last traded at $68.63, with a volume of 237,831 shares changing hands. The stock had previously closed at $68.48.
A number of research firms have recently commented on WSM. Analysts at Barrington Research initiated coverage on shares of Williams-Sonoma in a research note on Monday, June 2nd. They set an “outperform” rating and a $80.00 price target on the stock. Separately, analysts at Piper Jaffray upgraded shares of Williams-Sonoma from a “neutral” rating to an “overweight” rating in a research note on Wednesday, May 28th. They now have a $85.00 price target on the stock, up previously from $71.00. Finally, 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. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Williams-Sonoma presently has a consensus rating of “Buy” and an average target price of $69.81.
The stock has a 50-day moving average of $64.5 and a 200-day moving average of $60.36. The company has a market cap of $6.451 billion and a P/E ratio of 23.53.
Williams-Sonoma (NYSE:WSM) last released its earnings data on Wednesday, May 21st. The company reported $0.48 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, analysts predict that Williams-Sonoma will post $3.20 earnings per share for the current fiscal year.
In other Williams-Sonoma news, SVP David Randolph King sold 13,007 shares of the company’s stock on the open market in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $68.08, for a total value of $885,516.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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.
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