Williams-Sonoma Stock Rating Reaffirmed by Zacks (WSM)
Williams-Sonoma (NYSE:WSM)‘s stock had its “neutral” rating reissued by Zacks in a report released on Friday. They currently have a $69.00 price objective on the stock. Zacks‘s price objective would indicate a potential upside of 4.66% from the stock’s previous close.
Zacks’ analyst wrote, “Williams-Sonoma’s posted second-quarter 2014 adjusted earnings of $0.53 per share that was in line with the Zacks Consensus Estimate and rose 8.2%. Top-line growth and operating margin increase backed the upside. Net revenue of $1.04 billion was also in-line with the Consensus mark and increased 5.8% year over year, owing to increase in brand revenues. We are encouraged by Williams-Sonoma’s strong international presence and its fast expanding international footprint. Product innovation, personalized service and strong marketing and execution drove the company’s top line and profits since late 2011. However, we remain on the sidelines as the outlook for third quarter 2014 and fiscal 2014 that were below the market expectations. In addition, 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 $69.00. “
A number of other analysts have also recently weighed in on WSM. Analysts at Argus reiterated a “buy” rating on shares of Williams-Sonoma in a research note on Thursday. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. Williams-Sonoma currently has an average rating of “Hold” and a consensus target price of $68.99.
Shares of Williams-Sonoma (NYSE:WSM) traded down 0.39% on Friday, hitting $65.6728. The stock had a trading volume of 1,832,517 shares. Williams-Sonoma has a 52 week low of $51.70 and a 52 week high of $75.69. The stock’s 50-day moving average is $70.47 and its 200-day moving average is $65.. The company has a market cap of $6.172 billion and a price-to-earnings ratio of 22.29. Williams-Sonoma also was the target of unusually large options trading on Wednesday. Traders bought 5,945 put options on the company. This is an increase of approximately 909% compared to the typical volume of 589 put options.
Williams-Sonoma (NYSE:WSM) last announced its earnings results on Wednesday, August 27th. The company reported $0.53 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. On average, analysts predict that Williams-Sonoma will post $3.17 earnings per share for the current fiscal year.
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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