In a report released yesterday, Steven Shemesh from RBC Capital maintained a Buy rating on Williams-Sonoma (WSM – Research Report), with a price target of $295.00. The company’s shares closed yesterday at $316.58.
According to TipRanks, Shemesh is an analyst with an average return of -5.9% and a 45.03% success rate. Shemesh covers the Consumer Cyclical sector, focusing on stocks such as Williams-Sonoma, Wayfair, and Driven Brands Holdings.
Williams-Sonoma has an analyst consensus of Hold, with a price target consensus of $283.80, implying a -10.35% downside from current levels. In a report released on May 16, Telsey Advisory also maintained a Buy rating on the stock with a $340.00 price target.
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.
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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.
Read More on WSM:
- WSM Earnings this Week: How Will it Perform?
- Amgen upgraded, Peloton downgraded: Wall Street’s top analyst calls
- Williams-Sonoma upgraded to Neutral from Underweight at JPMorgan
- Williams-Sonoma price target raised to $340 from $320 at Telsey Advisory
- Williams-Sonoma price target raised to $298 from $250 at BofA
