Goldman Sachs Sticks to Its Hold Rating for Williams-Sonoma (WSM)
In a report released yesterday, Kate McShane from Goldman Sachs maintained a Hold rating on Williams-Sonoma (WSM – Research Report), with a price target of $174.00. The company's shares closed yesterday at $158.39.
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According to TipRanks, McShane is a 4-star analyst with an average return of 4.9% and a 60.08% success rate. McShane covers the Consumer Cyclical sector, focusing on stocks such as Williams-Sonoma, Ollie's Bargain Outlet Holding, and AutoZone.
In addition to Goldman Sachs, Williams-Sonoma also received a Hold from Morgan Stanley's Simeon Gutman in a report issued on April 21. However, on April 30, RBC Capital maintained a Buy rating on Williams-Sonoma (NYSE: WSM).
Based on Williams-Sonoma's latest earnings release for the quarter ending February 2, the company reported a quarterly revenue of $2.46 billion and a net profit of $410.72 million. In comparison, last year the company earned a revenue of $2.28 billion and had a net profit of $354.44 million
Based on the recent corporate insider activity of 44 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. Last month, Jeffrey Howie, the EVP CFO of WSM sold 915.00 shares for a total of $129,647.20.
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