Canaccord Genuity analysts maintained a "Buy" rating for Home
goods retailer, Williams-Sonoma, Inc.(
), and commented on the company's future growth opportunities on
An analyst from the first has reaffirmed a "Buy" rating, and a
$55 price target for the company. This price target suggests a 19%
increase from the stock's current price of $44.28.
Analysts believe that investors are not appreciating the growth
opportunities that the company has in their e commerce
Laura Champine, an analyst for the firm commented, "internet
sales grew 14% yr./yr. in Q1-Q3 versus 4% growth in the retail
segment, and we expect the segments to increase at similar rates,
respectively, on an annual basis over the next five years"
Champine also noted, "WSM is dominant in the home furnishings
category online, and we believe the company is protecting its
position with product exclusivity and more effective marketing,"
she pointed out, adding that the stock was a "top pick".
Williams-Sonoma shares were mostly flat during premarket trading
Monday. The stock is up 15% YTD.
The Bottom Line
Shares of Williams-Sonoma (
) have a 1.99% dividend yield, based on Monday's closing stock
price of $44.28. The stock has technical support in the $41-$44
price area. The stock is trading near its all-time highs of $48 a
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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