Williams-Sonoma Now Covered by Analysts at Morgan Stanley (WSM)
Morgan Stanley initiated coverage on shares of Williams-Sonoma (NYSE:WSM) in a research note issued on Tuesday. The firm set an “overweight” rating and a $82.00 price target on the stock. Morgan Stanley’s price target points to a potential upside of 15.92% from the company’s current price.
A number of other analysts have also recently weighed in 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 analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $70.94.
Shares of Williams-Sonoma (NYSE:WSM) traded up 1.07% during mid-day trading on Tuesday, hitting $71.50. The stock had a trading volume of 581,833 shares. Williams-Sonoma has a 1-year low of $51.70 and a 1-year high of $71.01. The stock has a 50-day moving average of $66.44 and a 200-day moving average of $61.22. The company has a market cap of $6.729 billion and a P/E ratio of 24.31.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.48 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.41 earnings per share. Williams-Sonoma’s revenue was up 9.7% compared to the same quarter last year. On average, analysts predict that Williams-Sonoma will post $3.20 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, August 26th. Shareholders of record on Friday, July 25th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Wednesday, July 23rd.
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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