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Goldman Sachs Downgrades Williams-Sonoma to “Neutral” (WSM)

By
January 17th, 2013

Goldman Sachs Downgrades Williams-Sonoma to "Neutral" (WSM)

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On Thursday Goldman Sachs downgraded home goods retailer Williams-Sonoma, Inc. (WSM) citing peaked margins.

The analysts downgraded WSM for “Buy” to “Neutral.” The price target is $51, suggesting a +8% upside to Wednesday’s closing price of $47.13.

Goldman Sachs said that it believes Williams-Sonoma’s gross profit growth peaked in the second half of 2012 as margins are squeezed.

Williams-Sonoma shares were down $1.81, or -3.84%, during pre-market trading on Thursday. The stock is up +39.23% over the past year.

The Bottom Line
Shares of Williams-Sonoma (WSM) have a 1.87% dividend yield, based on last night’s closing stock price of $47.13. The stock has technical support in the $43-$44 price area. The stock is trading near all-time highs.

Williams-Sonoma, Inc. (WSM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.