#4 - Williams-Sonoma (NYSE:WSM)
Williams-Sonoma (NYSE:WSM)
Williams-Sonoma is an interesting retail story for the pandemic because it wasn’t expected to do all that well. The company is a higher-end retailer of, guess what, home improvement items, and the analyst’s community didn’t have faith in the consumer. At least not for costlier “discretionary” items. What the analysts failed to consider is that Williams-Sonoma’s business was mostly eCommerce, to begin with. When the pandemic struck, it was among the best-positioned for stay-at-home and home-improvement spending.
Williams-Sonoma reported YOY revenue growth acceleration across its three brands; Williams-Sonoma, Pottery Barn, and West Elm. Growth across all segments topped 8.8% on a YOY basis with notable strength in the eCommerce segment. The eCommerce segment grew 44% on a YOY basis to account for 76% of total revenue. In a world gone digital, that is great news indeed. Can this company survive in a digital-dependant world has been answered? Shares of Williams-Sonoma stock yield about 2.2%.
About Williams-Sonoma
Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.
Read More - Current Price
- $318.47
- Consensus Rating
- Hold
- Ratings Breakdown
- 4 Buy Ratings, 11 Hold Ratings, 3 Sell Ratings.
- Consensus Price Target
- $257.13 (19.3% Downside)
