In a report released today, Simeon Gutman from Morgan Stanley upgraded Williams-Sonoma (WSM) to Hold. The company’s shares closed last Tuesday at $124.99, close to its 52-week high of $127.63.
According to TipRanks.com, Gutman ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -7.3% and a 58.6% success rate. Gutman covers the Consumer Goods sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, National Vision Holdings, and Floor & Decor Holdings.
The word on The Street in general, suggests a Hold analyst consensus rating for Williams-Sonoma with a $111.40 average price target, which is a -12.4% downside from current levels. In a report issued on January 6, Wells Fargo also maintained a Hold rating on the stock with a $110.00 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 revenue of $1.76 billion and net profit of $202 million. In comparison, last year the company earned revenue of $1.44 billion and had a net profit of $74.71 million.
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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.
