Williams-Sonoma price target raised to $200 from $185 at Loop Capital

Loop Capital raised the firm’s price target on Williams-Sonoma to $200 from $185 and keeps a Buy rating on the shares. The stock has substantially outperformed the broader market indices year to date, and the company remains one of the most controversial and polarizing names on the firm’s coverage list, with bears believing a return to pre-pandemic profitability levels of single-digit operating margin as a “near certainty”, the analyst tells investors in a research note. Loop Capital contends however that Wiliams-Sonoma’s current profitability levels are sustainable for several reasons, including the elimination of site-wide promotions, the continued mix shift to e-commerce, and the company’s growing B2B operation.