Why Williams-Sonoma Shares Are Rising

Williams-Sonoma, Inc. WSM shares are trading higher by 9% at $186 after the company reported better-than-expected second-quarter EPS and sales results, announced a $1.25 billion buyback and raised its dividend from 59 cents to 71 cents per share.

Notable analyst reactions:

• Telsey Advisory Group maintained Williams-Sonoma with an Outperform and raised the price target from $205 to $220.
• Credit Suisse analyst Lavesh Hemnani maintained Williams-Sonoma with an Underperform and raised the price target from $144 to $155.
• Wells Fargo analyst Zachary Fadem maintained Williams-Sonoma with an Equal-Weight and raised the price target from $180 to $195.
• RBC Capital maintained Williams-Sonoma with a Sector Perform and raised the price target from $191 to $199.
• Loop Capital analyst Anthony Chukumba maintained Williams-Sonoma with a Hold and raised the price target from $180 to $190.

Williams-Sonoma is a leader in the home furnishings category. Williams-Sonoma offers high-end cooking essentials, while Pottery Barn provides casual home accessories.

Williams-Sonoma has a 52-week high of $204.41 and a 52-week low of $81.76.