Williams-Sonoma Sets New 52-Week High on Analyst Upgrade (WSM)
Williams-Sonoma (NYSE:WSM) reached a new 52-week high on Friday after SunTrust raised their price target on the stock from $78.00 to $83.00, AnalystRatings.Net reports. The stock traded as high as $74.48 and last traded at $74.12, with a volume of 655,044 shares changing hands. The stock had previously closed at $72.59.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Williams-Sonoma in a research note on Tuesday, August 12th. They now have a $74.00 price target on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $69.80.
The stock has a 50-day moving average of $70.32 and a 200-day moving average of $65.19. The company has a market cap of $6.968 billion and a price-to-earnings ratio of 24.95.
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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