Analyst Steven Zaccone of Citi maintained a Hold rating on Williams-Sonoma (WSM – Research Report), retaining the price target of $155.00.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Steven Zaccone has given his Hold rating due to a combination of factors affecting Williams-Sonoma’s outlook. The company is expected to report slightly better-than-expected earnings for the first quarter, but there are concerns about the second half of the year. These concerns stem from uncertainties related to tariffs and consumer demand, which have led to a cautious outlook for the remainder of the year.
Additionally, while the company’s stock has seen a rally, there is still skepticism about the demand for big-ticket items in the second half. Traffic trends have been inconsistent, with some brands experiencing declines, which adds to the uncertainty. Given these mixed signals and potential risks, Zaccone has opted for a Hold rating, suggesting a wait-and-see approach until more clarity emerges in the company’s performance and market conditions.
In another report released on May 5, Goldman Sachs also maintained a Hold rating on the stock with a $174.00 price target.
Based on the recent corporate insider activity of 46 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.