Nomura Holdings Reiterates a Buy Rating on Williams-Sonoma

By Austin Angelo

In a report released today, Jessica Schoen from Nomura Holdings reiterated a Buy rating on Williams-Sonoma (NYSE: WSM), with a price target of $65. The company’s shares opened today at $53.02.

According to TipRanks.com, Schoen is a 1-star analyst with an average return of -4.3% and a 40.7% success rate. Schoen covers the Services sector, focusing on stocks such as Signet Jewelers Limited, Michaels Companies, and Bed Bath & Beyond.

Currently, the analyst consensus on Williams-Sonoma is Moderate Buy and the average price target is $60, representing a 13.2% upside.

In a report issued on November 18, Telsey Advisory also reiterated a Buy rating on the stock with a $61 price target.

Based on Williams-Sonoma’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $1.25 billion and quarterly net profit of $69.38 million. In comparison, last year the company earned revenue of $1.23 billion and had a net profit of $70.48 million.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2016, Laura Alber, the PRESIDENT & CEO of WSM sold 80,000 shares for a total of $4,255,200.

Williams-Sonoma, Inc. operates as a multi-channel specialty retailer. The company operates its business through two segments: E-commerce and Retail. The e-commerce segment has the following merchandising strategies: Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through its e-commerce websites and direct-mail catalogs. The retail segment has the following merchandising strategies: Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm and Rejuvenation, which sell its products through its retail stores. . Williams-Sonoma was founded by Charles E. Williams on September 15, 1956 and is headquartered in San Francisco, CA.