.jpg "Williams-Sonoma (NYSE: WSM)")
Oppenheimer analyst Brian Nagel maintained a Hold rating on Williams-Sonoma (WSM) today. The company’s shares closed yesterday at $60.56.
Nagel said:
“Yesterday (Nov. 15th), after the market close Perform-rated Williams-Sonoma (WSM) reported Q3 (Oct.) results and updated guidance for FY18 (Jan. 2019). As has been the case with WSM often lately, underlying trends at the chain appear stronger than reported figures suggest. In Q3 (Oct.), comparable brand revenue tracked at +3.1%, following a +4.6% gain in Q2 (July). Management indicated clearly, however, that the combination of shipping disruptions from China and a larger share of dropship products impacted reported comps by about 150 bps. The market has turned decidedly downbeat toward consumer names lately, upon concerns of a broader slowdown. In our view, while WSM continues to contend with certain internal and external challenges, key indicators for the company are improving.”
According to TipRanks.com, Nagel is a 4-star analyst with an average return of 5.2% and a 57.0% success rate. Nagel covers the Services sector, focusing on stocks such as Weight Watchers International, Dick’s Sporting Goods, and Advance Auto Parts.
Williams-Sonoma has an analyst consensus of Hold, with a price target consensus of $63.90, which is a 5.5% upside from current levels. In a report released today, RBC Capital also maintained a Hold rating on the stock with a $62 price target.
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Based on Williams-Sonoma’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $51.71 million. In comparison, last year the company had a net profit of $71.31 million.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock.
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Williams-Sonoma, Inc. engages in the provision of multi-channel specialty retailer. It operates through the E-commerce and Retail segments.
