Williams-Sonoma Shares Gap Up on Analyst Upgrade (WSM)
Williams-Sonoma (NYSE:WSM) gapped up prior to trading on Monday after Citigroup raised their price target on the stock from $70.00 to $82.00, American Banking & Market News reports. The stock had previously closed at $72.18, but opened at $72.35. Citigroup currently has a buy rating on the stock. Williams-Sonoma shares last traded at $73.01, with a volume of 348,543 shares changing hands.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, 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. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $72.17.
The stock’s 50-day moving average is $68.43 and its 200-day moving average is $61.99. The company has a market cap of $6.869 billion and a P/E ratio of 24.86.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data 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.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, August 26th. Investors 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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