Wells Fargo Sticks to Its Hold Rating for Williams-Sonoma (WSM)

Wells Fargo analyst Zachary Fadem maintained a Hold rating on Williams-Sonoma (WSM – Research Report) today and set a price target of $315.00. The company’s shares closed last Friday at $309.50.

Fadem covers the Consumer Cyclical sector, focusing on stocks such as AutoZone, Domino’s Pizza, and Lowe’s. According to TipRanks, Fadem has an average return of 13.8% and a 64.73% success rate on recommended stocks.

Williams-Sonoma has an analyst consensus of Hold, with a price target consensus of $283.80.

Based on Williams-Sonoma’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $2.28 billion and a GAAP net loss of $1.86 billion. In comparison, last year the company earned a revenue of $4.34 billion and had a GAAP net loss of $1.81 billion

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WSM in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Williams-Sonoma (WSM) Company Description:

Williams-Sonoma, Inc. engages in the business of retailing home products. It operates through the E-commerce and Retail segment. The E-commerce segment comprises of the following merchandising strategies: Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation, and Mark and Graham, which markets its products through its e-commerce websites, and direct-mail catalogs. The Retail segment includes franchise operations, which sell its products through its retail stores. The company was founded by Charles E. Williams on September 15, 1956 and is headquartered in San Francisco, CA.