In a report issued on May 8, Scot Ciccarelli from RBC Capital maintained a Hold rating on Williams-Sonoma (WSM – Research Report), with a price target of $69.00. The company’s shares closed last Friday at $68.31.
According to TipRanks.com, Ciccarelli is a top 100 analyst with an average return of 16.1% and a 70.3% success rate. Ciccarelli covers the Consumer Goods sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Dick’s Sporting Goods, and Advance Auto Parts.
Currently, the analyst consensus on Williams-Sonoma is a Hold with an average price target of $49.10, a -28.1% downside from current levels. In a report issued on April 27, Goldman Sachs also maintained a Hold rating on the stock with a $54.00 price target.
The company has a one-year high of $77.00 and a one-year low of $26.02. Currently, Williams-Sonoma has an average volume of 1.59M.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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.