Williams-Sonoma, Inc (NYSE: WSM) Stock: Can It Go Higher?

In today’s recent session, 3.04 million shares of the Williams-Sonoma, Inc (NYSE:WSM) have been traded, and its beta is 1.75. Most recently the company’s share price was $173.32, and it changed around $36.08 or 26.29% from the last close, which brings the market valuation of the company to $21.90B. WSM at last check was trading at a discount to its 52-week high of $174.26, offering almost -0.54% off that amount. The share price’s 52-week low was $88.24, which indicates that the recent value has risen by an impressive 49.09% since then. We note from Williams-Sonoma, Inc’s average daily trading volume that its 10-day average is 2.55 million shares, with the 3-month average coming to 1.80 million.

Williams-Sonoma, Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.76. If we narrow it down even further, the data shows that 3 out of 27 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 17 recommended WSM as a Hold, whereas 4 deemed it a Buy, and 1 rated it as Underweight. Williams-Sonoma, Inc is expected to report earnings per share of 2.75 for the current quarter.

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Williams-Sonoma, Inc (NYSE:WSM) trade information

Instantly WSM has been showing a green trend so far today with a performance of 26.29% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 175.80 on recent trading dayincreased the stock’s daily price by 1.41%. The company’s shares are currently up 71.79% year-to-date, but still up 33.83% over the last five days. On the other hand, Williams-Sonoma, Inc (NYSE:WSM) is 23.89% up in the 30-day period. We can see from the shorts that 14.07 million shares have been sold at a short interest cover period of 10.05 day(s).

The consensus price target as assigned by Wall Street analysts is $173.5, which translates to bulls needing to increase their stock price by 0.1% from its current value. Analyst projections state that WSM is forecast to be at a low of $130 and a high of $340.

Williams-Sonoma, Inc (WSM) estimates and forecasts

Williams-Sonoma, Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 23.83 percent over the past six months and at a 7.13% annual growth rate that is well above the industry average of -12.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 0.97% in revenue this quarter, and will report a decrease of -2.91% in the next quarter. The year-over-year growth rate is expected to be -2.80%, down from the previous year.

Consensus estimates provided by 18 financial analysts predict the company will bring in an average of 2.3B in revenue for the current quarter. 9 analysts expect Williams-Sonoma, Inc to make 1.66B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.28B and 1.66B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 0.93%. Forecasts for the next quarter put sales growth at 0.11%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 29.13%. Williams-Sonoma, Inc earnings are expected to increase by 8.78% in 2024, but the outlook is positive 10.00% per year for the next five years.

WSM Dividends

Williams-Sonoma, Inc’s next quarterly earnings report is expected to be released in December. The annual dividend yield of the stock is 1.83 percent and its annual dividend per share was 3.17. It is important to note, however, that the 1.83% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.01 per year.

Williams-Sonoma, Inc (NYSE:WSM)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 1.19% of Williams-Sonoma, Inc shares, and 99.58% of them are in the hands of institutional investors. The stock currently has a share float of 100.77%. Williams-Sonoma, Inc stock is held by 1118.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 11.93% of the shares, which is about 7.66 million shares worth $2.16 billion.

VANGUARD GROUP INC, with 10.3189% or 6.63 million shares worth $1.87 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF were the top two Mutual Funds as of Jun 30, 2024. The former held 4.08 shares worth $709.25 million, making up 3.23% of all outstanding shares. On the other hand, iShares Core S&P Midcap ETF held roughly 4.01 shares worth around $698.05 million, which represents about 3.18% of the total shares outstanding.