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Could Williams-Sonoma Stock Continue to Rise?

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Mar. 28 2019, Updated 1:43 p.m. ET

Stock performance

Yesterday, Williams-Sonoma (WSM) was trading at $57.18, 27.0% higher than its 52-week low of $45.01 and 22.7% lower than its 52-week high of $73.99. The stock has risen 13.3% this year. 

Broader equity markets’ strengthening due to the Fed toning down its rate hike stance and expectations of a US-China trade deal appear to have boosted Williams-Sonoma stock. The company also provided strong 2019 guidance after posting its fourth-quarter results on March 20. In 2019, Williams-Sonoma expects adjusted EPS of $4.50–$4.70 and revenue of $5.67 billion–$5.84 billion, above analysts’ expectations of $4.33 and $5.64 billion, respectively.

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Peer comparison

Peers RH (RH) and Bed Bath & Beyond (BBBY) have returned 8.0% and 51.7% this year, respectively. The SPDR S&P Homebuilders ETF (XHB), which invests ~22.0% of its holdings in home improvement and home furnishing retailers, has risen 18.6%.

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