Increasing unusual put option volume: ATMU SOUN FLEX CMI URA WSM GERN IGT VLY WW

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

March 14, 2024 5:30 AM EDT

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

March 14, 2024 5:09 AM EDT

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

March 14, 2024 5:07 AM EDT

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

March 14, 2024 5:04 AM EDT

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