Oppenheimer analyst Brian Nagel assigned a Buy rating to Williams-Sonoma (WSM) today and set a price target of $90.00. The company’s shares closed last Tuesday at $85.28, close to its 52-week high of $87.73.
According to TipRanks.com, Nagel is a top 100 analyst with an average return of 18.0% and a 71.7% success rate. Nagel covers the Consumer Goods sector, focusing on stocks such as Dick’s Sporting Goods, Lululemon Athletica, and The Lovesac Company.
The word on The Street in general, suggests a Hold analyst consensus rating for Williams-Sonoma with a $79.27 average price target, which is a -6.9% downside from current levels. In a report issued on June 5, Argus Research also maintained a Buy rating on the stock with a $95.00 price target.
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Based on Williams-Sonoma’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $1.24 billion and net profit of $35.42 million. In comparison, last year the company earned revenue of $1.24 billion and had a net profit of $52.66 million.
Based on the recent corporate insider activity of 40 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, 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.
