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.