Janney Montgomery Scott Raises Williams Sonoma to Neutral (WSM)

By admin | 6 years ago

Williams Sonoma (NYSE: WSM) was upgraded by Janney Montgomery Scott from a “sell” rating to a “neutral” rating in a research note issued on Tuesday.

A number of other analysts have also recently weighed in on WSM. Analysts at UBS AG (NYSE: UBS) reiterated a “neutral” rating on shares of Williams Sonoma in a research note to investors on Wednesday, May 23rd. Separately, analysts at Goldman Sachs (NYSE: GS) reiterated a “buy” rating on shares of Williams Sonoma in a research note to investors on Wednesday, May 23rd. Finally, analysts at Wedbush raised their price target on shares of Williams Sonoma from $35.00 to $37.00 in a research note to investors on Wednesday, May 23rd. They now have a “neutral” rating on the stock.

Shares of Williams Sonoma traded down 2.58% during mid-day trading on Tuesday, hitting $35.87. Williams Sonoma has a one year low of $27.90 and a one year high of $40.76. The company has a market cap of $3.572 billion and a P/E ratio of 16.42.

Williams Sonoma last issued its quarterly earnings data on Tuesday, May 22nd. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.02. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts predict that Williams Sonoma will post $0.43 earnings per share next quarter.

Williams-Sonoma, Inc. is a multi-channel specialty retailer of products for the home. The direct-to-customer segment of the Company’s business sells its products through its six e-commerce Websites (williams-sonoma.

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