Canopy Growth stock tumbles after announcing $200 million share sale plan
Investing.com - RBC Capital raised its price target on Williams-Sonoma (NYSE:WSM) to $213.00 from $212.00 on Thursday, while maintaining an Outperform rating on the home furnishings retailer. The company, currently trading at $192.17 with a market cap of $23.7 billion, appears overvalued according to InvestingPro analysis.
The firm noted that Williams-Sonoma posted its third consecutive quarter of positive comparable sales growth, despite housing fundamentals remaining virtually unchanged. The company maintains strong financial health with a "Good" overall score from InvestingPro, supported by a healthy current ratio of 1.51 and robust gross profit margins of 45.7%.
RBC Capital raised its third-quarter comparable sales estimate to 1.2% growth, up from a previous estimate of 0.6%, while slightly lowering its adjusted earnings per share estimate to $1.80 from $1.85 previously.
For fiscal years 2025 and 2026, the firm now models comparable sales growth of 1.9% and 2.6%, respectively, compared to prior estimates of 1.7% and 2.6%.
The new price target is based on approximately 23 times RBC’s revised 2026 adjusted earnings per share estimate of $9.24, which equates to about 21 times its 2027 adjusted earnings per share estimate of $10.19.
In other recent news, Williams-Sonoma Inc . reported strong financial results for the second quarter of 2025. The company achieved a net revenue of $1.84 billion, showcasing its robust performance in the market. Additionally, Williams-Sonoma experienced a nearly 20% increase in diluted earnings per share, reaching $2.00. These results reflect the company’s effective strategic initiatives and solid execution. While the stock price movement was not detailed, the financial outcomes suggest a positive reception from investors. The recent earnings report underscores Williams-Sonoma’s ability to maintain growth and profitability. These developments are part of the company’s ongoing efforts to strengthen its market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.