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Wedbush assumed coverage on shares of Williams-Sonoma (NYSE:WSM) in a research note issued on Wednesday. The firm set a “neutral” rating on the stock.

Shares of Williams-Sonoma (NYSE:WSM) traded down 1.13% on Wednesday, hitting $64.83. The stock had a trading volume of 1,465,594 shares. Williams-Sonoma has a 1-year low of $51.70 and a 1-year high of $75.69. The stock has a 50-day moving average of $70.06 and a 200-day moving average of $66.26. The company has a market cap of $6.093 billion and a price-to-earnings ratio of 22.17.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.53 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.49 earnings per share. Williams-Sonoma’s revenue was up 5.8% compared to the same quarter last year. Analysts expect that Williams-Sonoma will post $3.17 EPS for the current fiscal year.

A number of other firms have also recently commented on WSM. Analysts at Zacks reiterated a “neutral” rating on shares of Williams-Sonoma in a research note on Friday, August 29th. They now have a $69.00 price target on the stock. Separately, analysts at Argus reiterated a “buy” rating on shares of Williams-Sonoma in a research note on Thursday, August 28th. Finally, analysts at Morgan Stanley downgraded shares of Williams-Sonoma from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 28th. They now have a $74.00 price target on the stock, down previously from $82.00. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the stock. Williams-Sonoma presently has a consensus rating of “Hold” and an average price target of $69.73.

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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