A bullish analyst note identifies the home goods retailer as a buy today, thanks to a promising shift in consumer spending patterns.
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Williams-Sonoma, Inc. (NYSE: WSM), a leading home specialty retailer of high-quality, sustainable products for the home, announced today that it will extend its temporary closure of U.S. and Canada stores through May 31st, 2020 in locations where retail restrictions have not been lifted. The company will continue to re-open stores on a market-by-market basis consistent with local and state government guidelines.
Williams-Sonoma, Inc. (NYSE:WSM) brands Williams Sonoma, West Elm, Pottery Barn, Pottery Barn Teen, Rejuvenation and Mark & Graham announced the launch of a new product partnership with The Trevor Project, the world’s largest suicide prevention and crisis intervention organization for LGBTQ (Lesbian, Gay, Bisexual, Transgender, Queer, and Questioning) young people. The organization provides support to LGBTQ youth through free and confidential crisis services: its phone lifeline, chat, and text programs.
Williams-Sonoma (WSM) continues to collaborate with brands to drive greater customer participation.
Although retailers and just about every other business in the market got doused with cold water yesterday after Federal Reserve Chairman Jerome Powell predicted a tough slog through a recession rather than a V-shaped recovery, Williams-Sonoma (NYSE: WSM) is still expected to see its stock soar 67% to $72 a share. Barclays analyst Adrienne Yih maintained her overrating on the luxury home goods retailer, believing Williams-Sonoma should be able to capture greater e-commerce sales, and she gave a massive upgrade to her price target for the retailer, boosting it from her previous $48 per share level. Williams-Sonoma has a history of strong e-commerce growth, and in its fiscal fourth quarter recorded double-digit gains in traffic, revenue, and new customers.
Williams-Sonoma (WSM) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Disruptions from coronavirus are likely to reflect on Williams-Sonoma's (WSM) fiscal Q1 results. That said, increase in online shopping and spending on home goods may have been positives.
Williams-Sonoma (WSM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Williams-Sonoma, Inc. (NYSE:WSM), today announced that as a result of public health concerns arising out of the coronavirus pandemic, and to help protect the health and safety of its stockholders, employees and other stakeholders, Williams-Sonoma’s 2020 annual meeting of stockholders has been changed to a virtual-only meeting format. Stockholders will not be able to attend the annual meeting in person. The date and time of the annual meeting remains Wednesday, June 3, 2020, at 9:00 a.m., Pacific Time. Williams-Sonoma expect its use of a virtual-only meeting format to be a one-time occurrence.
Williams-Sonoma (WSM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Williams-Sonoma, Inc. (NYSE: WSM) announced today that Adrian Bellamy will retire as Chair of the Board of Directors, effective June 3, 2020, the date of the company’s 2020 Annual Meeting of Stockholders. The Board has appointed Scott Dahnke to succeed Mr. Bellamy as the new Chair.
On Tuesday, Telsey Advisory Group analysts led by Cristina Fernández upgraded shares of Williams-Sonoma to outperform from market perform, and doubled their price target on the stock from $40 to $80. Fernández joins The Final Round to discuss the factors behind the bullish call, and their outlook for home furnishings retailers amid the COVID-19 pandemic.
Insiders load up on Huntington Ingalls Industries, JPMorgan, Williams-Sonoma and Perspecta Continue reading...
Williams-Sonoma, Inc. (NYSE: WSM) announced today that it will release its first quarter 2020 results on Thursday, May 28, 2020 after the market close. Following the release via the wire services, the Company will host a conference call beginning at 5:00 PM Eastern Time, which can be accessed at http://ir.williams-sonomainc.com/events. Following the call, a replay of the webcast will be available at http://ir.williams-sonomainc.com/events beginning at 6:15 PM Eastern Time on Thursday, May 28, 2020.
Telsey Advisory analyst Cristina Fernández upgraded Williams-Sonoma stock to Outperform from Market Perform. It will benefit from consumers improving their homes, and spending more online.
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Outdoor specialty retailer REI Co-op and global design company West Elm today announce a retail partnership to offer a co-curated collection of REI x West Elm lifestyle products aimed at helping people feel at home, outdoors. REI Co-op and West Elm came together a year ago with a shared commitment to designing consciously made, quality products that invite people to enjoy the comforts of home while exploring outside - whether close to home or in the greater outdoors.
Shares of several apparel and home-goods retail companies were rising on Monday amid growing optimism about the post-coronavirus future -- and after some new signs that consumers have continued to spend discretionary income online amid the pandemic. Ralph Lauren (NYSE: RL) was up 9.1%. Tapestry (NYSE: TPR), the parent company of Coach and other brands, was up 11.5%.
Williams-Sonoma (WSM) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.