Williams-Sonoma, Inc. (NYSE:WSM) shares traded -9.28% lower at $130.50 on Wall Street last session.
WSM stock price is now -11.26% away from the 50-day moving average and 2.56% away from the 200-day moving average. The market capitalization of the company currently stands at $16.78B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target reduced from $340 to $170, Telsey Advisory Group maintained Outperform rating for Williams-Sonoma, Inc. (NYSE: WSM). On May 03, 2024, JP Morgan Upgraded its previous ‘Underweight’ rating to ‘Neutral’ on the stock increasing its target price from $245 to quote $275, while ‘Telsey Advisory Group’ rates the stock as ‘Outperform’
In other news, ALBER LAURA, PRESIDENT & CEO sold 40,000 shares of the company’s stock on Jul 15 ’24. The stock was sold for $6,257,901 at an average price of $156.45. Upon completion of the transaction, the PRESIDENT & CEO now directly owns 1,070,956 shares in the company, valued at $139.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 06 ’24, PRESIDENT POTTERY BARN BRAND Bhargava Monica sold 8,931 shares of the business’s stock. A total of $2,663,976 was realized by selling the stock at an average price of $298.28. A total of 3.89% of the company’s stock is owned by insiders.
During the past 12 months, Williams-Sonoma, Inc. has had a low of $62.44 and a high of $174.26. As of last week, the company has a debt-to-equity ratio of 0.58, a current ratio of 1.56, and a quick ratio of 0.85. According to the stock market information, the enterprise value for the company is $16871507968, which is based on a 16.02 price-to-earnings ratio, a 1.60 price-to-earnings-growth ratio, and a beta of 1.74. The fifty day moving average price for WSM is $146.6774 and a two-hundred day moving average price translates $127.503426 for the stock.
The latest earnings results from Williams-Sonoma, Inc. (NYSE: WSM) was released for 2024-04-28. The net profit margin was 13.83% and return on equity was 55.96% for WSM. The company reported revenue of $1.66 billion for the quarter, compared to $1.76 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.42 percent.
