Big changes are happening at Williams-Sonoma, Inc. (NYSE:WSM), which makes the stock worth watching today. The company is among the top gainers of the stock market today, skyrocketing 2.89% or (1.84 points) to $65.59 from its previous close of $63.75. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 133783 contracts so far this session. WSM shares had a relatively better volume day versus average trading capacity of 1.77 million shares, but with a 77.73 million float and a -1.06% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for WSM stock indicates that the average analyst price target is $58.53 per share. This means the stock has a potential decrease of -10.76% from where the WSM share price has been trading recently which is between $62.68 and $64. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $45.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Top Ranked Income Stocks to Buy for July 11th” and dated July 11, 2019.
During the recent trading session for Williams-Sonoma, Inc. (NYSE:WSM), the company witnessed their stock rise $0.73 over a week and surge $4.29 from the price 20 days ago. When compared to their established 52-week high of $73.99, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 08/24/18. The recent low of $45.01 stood for a -11.35% since 12/24/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.84 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Williams-Sonoma, Inc., the two-week RSI stands at 66.96. This figure suggests that WSM stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current WSM readings is similarly very revealing as it has a stochastic reading of 60.88% at this stage. This figure means that WSM share price today is being neutral.
Technical chart claims that Williams-Sonoma, Inc. (WSM) would settle between $64.27/share to $64.8/share level. However, if the stock price goes below the $62.95 mark, then the market for Williams-Sonoma, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $62.16 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.11. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Goldman, assumed coverage of WSM assigning Buy rating, according to their opinion released on July 11. Gordon Haskett analysts bumped their rating on Williams-Sonoma, Inc. (NYSE:WSM) stock from Hold to Accumulate in a separate flash note issued to investors on June 13. Analysts at BofA/Merrill are sticking to their Underperform stance. However, on May 31, they lifted price target for these shares to $45 from $42.
WSM equity has an average rating of 3.04, with the figure leaning towards a bullish end. 24 analysts who tracked the company were contacted by Reuters. Amongst them, 18 rated the stock as a hold while the remaining 6 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 2 analysts rated Williams-Sonoma, Inc. (NYSE:WSM) as a buy or a strong buy while 4 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, WSM stock price is currently trading at 13.05X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.87 while for the average stock in the same group, the multiple is 2.73. Williams-Sonoma, Inc. current P/E ratio of 15.62 means it is trading at a discount against its industry’s 25.12. In the past 5 years, this ratio for the stock has been fluctuating between 13.76 and 24.12.
Williams-Sonoma, Inc. (WSM)’s current-quarter revenues are projected to climb by nearly 2.67% to hit $1.31 billion, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 1.57% from $5.67 billion to a noteworthy $5.76 billion. At the other end of the current quarter income statement, Williams-Sonoma, Inc. is expected to see its adjusted earnings surge by roughly 7.79% to hit $0.83 per share. For the fiscal year, WSM’s earnings are projected to climb by roughly 4.71% to hit $4.67 per share.