In a report released today, Simeon Gutman from Morgan Stanley maintained a Hold rating on Williams-Sonoma (WSM), with a price target of $55. The company’s shares closed on Wednesday at $52.62.
According to TipRanks.com, Gutman is a 4-star analyst with an average return of 4.6% and a 56.0% success rate. Gutman covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Floor & Decor Holdings Inc, and Dick’s Sporting Goods.
The word on The Street in general, suggests a Hold analyst consensus rating for Williams-Sonoma with a $58.08 average price target, implying a 10.4% upside from current levels. In a report issued on November 16, 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 October 31, the company reported a quarterly net profit of $81.47 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.
