Williams-Sonoma’s Neutral Rating Reaffirmed at Zacks (WSM)
Williams-Sonoma (NYSE:WSM)‘s stock had its “neutral” rating reaffirmed by Zacks in a report issued on Tuesday. They currently have a $74.00 target price on the stock. Zacks‘s price objective points to a potential upside of 5.14% from the company’s current price.
Zacks’ analyst wrote, “We are initiating coverage on Williams-Sonoma with a Neutral recommendation. The leading specialty retailer of home furnishing products enjoys strong international presence and is fast expanding its international footprint. Product innovation, personalized service and strong marketing and execution have helped the company deliver strong revenues and profits since late 2011. In the first quarter of 2014, the company’s revenues and earnings exceeded the Zacks Consensus Estimate on the back of strong sales from newly acquired brands. However, with the U.S. residential activity slowing down since the second half of 2013, the demand for William Sonoma’s products could be hurt in future quarters. We therefore have a Neutral recommendation on the stock with a target price of $74.00. “
Williams-Sonoma (NYSE:WSM) traded down 0.41% during mid-day trading on Tuesday, hitting $70.09. The stock had a trading volume of 298,126 shares. Williams-Sonoma has a 52 week low of $51.70 and a 52 week high of $73.45. The stock has a 50-day moving average of $70.30 and a 200-day moving average of $64.25. The company has a market cap of $6.597 billion and a P/E ratio of 24.19.
Williams-Sonoma (NYSE:WSM) last announced its 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. On average, analysts predict that Williams-Sonoma will post $3.20 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Makor Capital initiated coverage on shares of Williams-Sonoma in a research note on Thursday, July 17th. They set a “sell” rating on the stock. Separately, analysts at Nomura initiated coverage on shares of Williams-Sonoma in a research note on Wednesday, July 16th. They set a “buy” rating and a $85.00 price target on the stock. Finally, analysts at S&P Equity Research initiated coverage on shares of Williams-Sonoma in a research note on Monday, July 7th. They set a “buy” rating and a $2.85 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $69.56.
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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