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Williams-Sonoma (NYSE:WSM)‘s stock had its “buy” rating reaffirmed by stock analysts at Argus in a report issued on Thursday.

Shares of Williams-Sonoma (NYSE:WSM) traded down 11.96% during mid-day trading on Thursday, hitting $65.93. 11,380,519 shares of the company’s stock traded hands. Williams-Sonoma has a 1-year low of $51.70 and a 1-year high of $75.69. The stock’s 50-day moving average is $70.66 and its 200-day moving average is $65.87. The company has a market cap of $6.205 billion and a price-to-earnings ratio of 25.74. Williams-Sonoma also was the recipient of unusually large options trading activity on Wednesday. Stock traders acquired 5,945 put options on the company. This represents an increase of 909% compared to the typical daily volume of 589 put options.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts predict that Williams-Sonoma will post $3.21 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley downgraded shares of Williams-Sonoma from an “overweight” rating to an “equal weight” rating in a research note on Thursday. They now have a $74.00 price target on the stock, down previously from $82.00. Separately, analysts at Canaccord Genuity raised their price target on shares of Williams-Sonoma from $65.00 to $67.00 in a research note on Thursday. They now have a “hold” rating on the stock. Finally, analysts at SunTrust raised their price target on shares of Williams-Sonoma from $78.00 to $83.00 in a research note on Thursday, August 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. Williams-Sonoma currently has a consensus rating of “Hold” and an average target price of $69.24.

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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