Williams-Sonoma (WSM) Gets a Sell Rating from Morgan Stanley

By Austin Angelo

Morgan Stanley analyst Simeon Gutman maintained a Sell rating on Williams-Sonoma (WSMResearch Report) today and set a price target of $60.00. The company’s shares closed last Monday at $68.75.

According to TipRanks.com, Gutman is a 1-star analyst with an average return of -0.3% and a 51.9% success rate. Gutman covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, National Vision Holdings, and Advance Auto Parts.

Currently, the analyst consensus on Williams-Sonoma is a Hold with an average price target of $69.92.

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The company has a one-year high of $74.15 and a one-year low of $45.01. Currently, Williams-Sonoma has an average volume of 1.16M.

Based on the recent corporate insider activity of 32 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.