Bank of America Securities analyst Robert Ohmes maintained a Hold rating on Williams-Sonoma yesterday and set a price target of $215.00.
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Robert Ohmes has given his Hold rating due to a combination of factors surrounding Williams-Sonoma’s current market position and future prospects. The company is expected to report a modest increase in comparable sales for the third quarter, with potential upside due to an acceleration in online furniture spending. However, challenges such as rising tariff costs and a slowdown in October sales present potential risks.
Williams-Sonoma is effectively managing the tariff environment through strategic vendor negotiations and cost management, which helps maintain its operating margins. Despite these efforts, the stock’s valuation remains a concern, trading at a higher multiple compared to its historical average. Additionally, uncertainties related to tariffs and a weak housing market contribute to the cautious outlook, justifying the Hold rating.
In another report released on November 11, Wells Fargo also maintained a Hold rating on the stock with a $205.00 price target.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WSM in relation to earlier this year.