Williams-Sonoma Now Covered by Analysts at S&P Equity Research (WSM)
Analysts at S&P Equity Research assumed coverage on shares of Williams-Sonoma (NYSE:WSM) in a research report issued to clients and investors on Monday. The firm set a “buy” rating and a $2.85 price target on the stock. S&P Equity Research’s price objective points to a potential downside of 96.06% from the stock’s previous close.
A number of other analysts have also recently weighed in on WSM. Analysts at Citigroup Inc. raised their price target on shares of Williams-Sonoma from $70.00 to $82.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Bank of America upgraded shares of Williams-Sonoma from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $82.00 price target on the stock, up previously from $70.00. Finally, analysts at Morgan Stanley initiated coverage on shares of Williams-Sonoma in a research note on Tuesday, June 24th. They set an “overweight” rating and a $82.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $68.52.
Shares of Williams-Sonoma (NYSE:WSM) traded up 0.93% during mid-day trading on Monday, hitting $73.0201. The stock had a trading volume of 559,108 shares. Williams-Sonoma has a 52-week low of $51.70 and a 52-week high of $72.96. The stock has a 50-day moving average of $68.43 and a 200-day moving average of $61.99. The company has a market cap of $6.872 billion and a P/E ratio of 24.86.
Williams-Sonoma (NYSE:WSM) last released its 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. Stockholders 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 1.82%. 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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