Williams-Sonoma, Inc. (NYSE:WSM) Rating Increased to Buy at Zacks Investment Research
Williams-Sonoma, Inc. (NYSE:WSM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm currently has a $53.00 target price on the specialty retailer’s stock. Zacks Investment Research‘s price target points to a potential upside of 12.26% from the company’s previous close.
According to Zacks, “Williams-Sonoma enjoys a competitive advantage owing to its multi-brand/multi-channel business model. The company is focused on enhancing customer experience through improved and innovative marketing techniques. Though shares of Williams-Sonoma underperformed its industry so far this year, earnings estimates for the current quarter remained stable over the last 60 days while that for the current year moved slightly up. However, comparable brand revenues have been sluggish for several quarters owing to soft retail environment and cautious customers. Moreover, continued e-commerce and supply chain investments weigh on operating margin.”
Other research analysts also recently issued research reports about the stock. SunTrust Banks, Inc. set a $62.00 price objective on shares of Williams-Sonoma and gave the stock a “buy” rating in a research report on Saturday, June 10th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Williams-Sonoma in a research report on Thursday, May 25th. Telsey Advisory Group boosted their target price on shares of Williams-Sonoma from $51.00 to $57.00 and gave the stock a “market perform” rating in a research report on Thursday, May 25th. Jefferies Group LLC reissued a “hold” rating and set a $54.00 target price on shares of Williams-Sonoma in a research report on Thursday, May 25th. Finally, ValuEngine downgraded shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the stock. Williams-Sonoma currently has an average rating of “Hold” and an average price target of $56.82.
Shares of Williams-Sonoma (NYSE WSM) traded up 0.08% on Tuesday, hitting $47.25. 849,589 shares of the stock traded hands. The stock has a market cap of $4.09 billion, a P/E ratio of 13.76 and a beta of 0.89. The stock’s 50 day moving average price is $46.82 and its 200 day moving average price is $49.33. Williams-Sonoma has a 52-week low of $43.96 and a 52-week high of $57.40.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. Williams-Sonoma had a net margin of 5.99% and a return on equity of 25.51%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the firm earned $0.53 EPS. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities analysts expect that Williams-Sonoma will post $3.56 EPS for the current fiscal year.
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Institutional investors have recently bought and sold shares of the stock. Creative Planning boosted its position in Williams-Sonoma by 3.8% in the first quarter. Creative Planning now owns 2,085 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 76 shares in the last quarter. IFP Advisors Inc boosted its position in Williams-Sonoma by 11.5% in the first quarter. IFP Advisors Inc now owns 2,107 shares of the specialty retailer’s stock valued at $113,000 after buying an additional 217 shares in the last quarter. First Interstate Bank boosted its position in Williams-Sonoma by 12.5% in the first quarter. First Interstate Bank now owns 2,250 shares of the specialty retailer’s stock valued at $121,000 after buying an additional 250 shares in the last quarter. Invictus RG purchased a new position in Williams-Sonoma during the first quarter valued at about $122,000. Finally, Foresters Investment Management Company Inc. purchased a new position in Williams-Sonoma during the first quarter valued at about $134,000. Hedge funds and other institutional investors own 97.09% of the company’s stock.
Williams-Sonoma Company Profile
Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company’s e-commerce Websites and direct-mail catalogs.
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