Williams-Sonoma, Inc. announces a 26% quarterly dividend increase and a new $1 billion stock repurchase authorization

Williams-Sonoma (WSM) PT Raised to $290 at Wells Fargo, 'easy money looks made'

Wells Fargo analyst Zachary Fadem raised the price target on Williams-Sonoma (NYSE: WSM) to $290.00 (from $240.00) while maintaining a Equal Weight rating.

The analyst comments "Q/Q improvement; EBIT% up; But easy money looks made. WSM shares are deservingly up today, but more... More

Williams-Sonoma (WSM) PT Raised to $320 at Telsey

Telsey analyst Cristina Fernandez raised the price target on Williams-Sonoma (NYSE: WSM) to $320.00 (from $265.00) while maintaining a Outperform rating.

The analyst comments "There were a lot of positives in Williams-Sonoma's 4Q23 result: 1) slightly better comparable brand sales at (6.8%) vs. FS at (9.1%); 2) commentary that furniture sales were "less worse" in 4Q23 vs. 3Q23 and that 1Q24 trends in seasonal are "encouraging"; 3) guidance for an operating margin of 16.5%-16.8% in 2024 vs. FS at 16.1%, implying expansion from 16.4% in 2023; 4) an increase in the quarterly dividend of 26% to $1.13 per share and a new... More

Williams-Sonoma (WSM) PT Raised to $300 at Evercore ISI

Evercore ISI analyst Oliver Wintermantel raised the price target on Williams-Sonoma (NYSE: WSM) to $300.00 (from $240.00) while maintaining a Outperform rating.

The analyst comments "William-Sonoma continues to perform close to the bull case scenario & far better than bear case skepticism. 4Q earnings and 2024 guidance provide yet another indication that mid-teens operating margins are here to stay and potentially go higher. WSMs profitability more than doubled during the pandemic with highly discretionary home... More

Williams-Sonoma (WSM) PT Raised to $320 at TD Cowen

TD Cowen analyst Max Rakhlenko raised the price target on Williams-Sonoma (NYSE: WSM) to $320.00 (from $260.00) while maintaining a Outperform rating.

The analyst comments "We raise our price target to $320 on 20x our FY25 EPS of $15.80 as shares can continue to grind higher. We... More

Williams-Sonoma (WSM) PT Raised to $292 at Citi

Citi analyst Steven Zaccone raised the price target on Williams-Sonoma (NYSE: WSM) to $292.00 (from $241.00) while maintaining a Neutral rating.

The analyst comments "We model 1Q EPS of $2.58 (vs. Street $2.51) based on sales $1.65B (vs. Street $1.63B) and operating margin of 13.7% (vs. Street 13.2%).... More

Morgan Stanley Upgrades Williams-Sonoma (WSM) to Equalweight, 'Holding a High Bar'

Morgan Stanley analyst Simeon Gutman upgraded Williams-Sonoma (NYSE: WSM) from Underweight to Equalweight with a price target of $270.00 (from $155.00).

The analyst comments "We are upgrading WSM to Equal-weight and raising our PT to $270 (from $155). Our PT is based on ~17x our '25e EPS of... More

Williams-Sonoma (WSM) PT Raised to $280 at Jefferies

Jefferies analyst Jonathan Matuszewski raised the price target on Williams-Sonoma (NYSE: WSM) to $280.00 (from $160.00) while maintaining a Hold rating.

The analyst comments "Lingering inflation is pressuring discretionary spend & housing turnover is bleak, but leadership's profit preservation has been stellar with just ~110 bps... More

Goldman Sachs Stays Bearish on Williams-Sonoma (WSM) Post EPS As Stock Soars Ten Percent

Goldman Sachs analyst Kate McShane reiterated a Sell rating and $154.00 price target on Williams-Sonoma (NYSE: WSM)

The analyst comments "WSM reported 4Q23 EPS of $5.44, above GS/consensus (Refinitiv) at $4.93/$5.12, driven by a comp decline of -6.8% (above consensus of -9.3%) and a gross margin of 46.0% (above consensus of... More

Telsey Likes Williams-Sonoma (WSM) Strong Report in a 'tough environment'

Telsey analyst Cristina Fernandez reiterated an Outperform rating and $265.00 price target on Williams-Sonoma (NYSE: WSM).

The analyst comments "Williams-Sonoma's 4Q23 reflects strong execution in a tough environment. While comparable brand sales were (6.8%), they exceeded FactSet (FS) expectations of (9.1%) as the Williams-Sonoma concept... More

Williams-Sonoma (WSM) Announces $1B Share Buyback

Williams-Sonoma, Inc. (NYSE: WSM) announced today that its Board of Directors has authorized a 26% increase in the companys quarterly cash dividend to $1.13 per common share. The quarterly dividend is payable on May 24, 2024, to stockholders of record as of the close of business on April 19, 2024. The Board of Directors also approved a new $1 billion stock repurchase authorization, which supersedes the companys current stock repurchase... More