In a report released today, Joe Feldman from Telsey Advisory maintained a Buy rating on Williams-Sonoma (WSM – Research Report), with a price target of $165.00. The company’s shares closed last Thursday at $112.34, close to its 52-week low of $107.98.
According to TipRanks.com, Feldman is a 4-star analyst with an average return of 6.9% and a 44.3% success rate. Feldman covers the Consumer Goods sector, focusing on stocks such as Floor & Decor Holdings, Grocery Outlet Holding, and Vintage Wine Estates.
Currently, the analyst consensus on Williams-Sonoma is a Hold with an average price target of $166.13, which is a 52.6% upside from current levels. In a report issued on May 17, Wedbush also maintained a Buy rating on the stock with a $155.00 price target.
Williams-Sonoma’s market cap is currently $7.74B and has a P/E ratio of 7.59.
Based on the recent corporate insider activity of 53 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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