Williams-Sonoma Inc. (DE) ($WSM) Stock Forecast: Down 5.3% Today

What is Williams-Sonoma Inc. (DE)?

Williams-Sonoma (WSM) experienced a significant bearish movement in the stock market amid mixed trading conditions.

Why is Williams-Sonoma Inc. (DE) going down?

WSM stock is down 5.3% on Nov 21, 2024 17:16

• The company's stock dropped despite surpassing expectations in the third quarter, exceeding both earnings and revenue projections.
• Although Williams-Sonoma announced a new $1 billion buyback initiative and raised its outlook, these measures did not prevent the downward trend.
• It appears that the optimistic outlook from investors holding substantial investments may have been overshadowed by general market forces, resulting in the stock's decline.
• A comparison of Target and Williams-Sonoma's performances on the same day underscores the market's volatility and unpredictability.

WSM Price Chart

WSM Technical Analysis

WSM News

Target Plunges 21% While Williams-Sonoma Soars 27% On Same Day - Target ( NYSE:TGT ) , Williams-Sonoma ( NYSE:WSM )

Investors were treated to quite the pair trade on Wednesday when shares of big box retailer Target Corp TGT sunk while shares of home furnishing retailer Williams-Sonoma, Inc. WSM rocketed off earnings. The two stocks were the biggest movers of the day, according to Benzinga Pro.

https://www.benzinga.com/news/earnings/earnings-beats/24/11/42100904/target-plunges-21-while-williams-sonoma-soars-27-on-same-day

This Is What Whales Are Betting On Williams-Sonoma - Williams-Sonoma ( NYSE:WSM )

Investors with a lot of money to spend have taken a bullish stance on Williams-Sonoma WSM. We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know.

https://www.benzinga.com/insights/options/24/11/42092374/this-is-what-whales-are-betting-on-williams-sonoma

Williams-Sonoma, Wix.com, Dolby Laboratories And Other Big Stocks Moving Higher On Wednesday - Azenta ( NASDAQ:AZTA ) , Alignment Healthcare ( NASDAQ:ALHC )

U.S. stocks were lower, with the Nasdaq Composite falling more than 200 points on Wednesday. Shares of Williams-Sonoma, Inc. WSM rose sharply during Wednesday's session after the company reported better-than-expected third-quarter financial results.

https://www.benzinga.com/24/11/42091866/williams-sonoma-wix-com-dolby-laboratories-and-other-big-stocks-moving-higher-on-wednesday

Williams-Sonoma Shares Spike On Heels Of Earnings Report, $1 Billion Buyback Plan - Williams-Sonoma ( NYSE:WSM )

Williams-Sonoma, Inc. WSM shares skyrocketed after the company reported better-than-expected third-quarter 2024 results, announced a new $1 billion buyback program, and raised its outlook. The company reported third-quarter adjusted earnings per share of $1.96, beating the analyst consensus of ...

https://www.benzinga.com/news/buybacks/24/11/42091624/williams-sonoma-shares-spike-on-heels-of-earnings-report-1-billion-buyback-plan

Williams-Sonoma ( WSM ) Q3 Earnings and Revenues Surpass Estimates

Williams-Sonoma (WSM) delivered earnings and revenue surprises of 11.36% and 1.47%, respectively, for the quarter ended October 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2372660/williams-sonoma-wsm-q3-earnings-and-revenues-surpass-estimates

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Williams-Sonoma Inc. (DE) Price History

22.07.2024 - WSM Stock was down 5.2%

• The decline in Williams-Sonoma's stock price today can be explained by the following factors:
• Exceeding analyst expectations on adjusted earnings per share in the second quarter did not offset the disappointment of lower-than-anticipated quarterly sales, resulting in a negative market response.
• The company's decision to lower its annual outlook after lackluster Q2 earnings outcomes might have sparked worries among investors regarding its future growth trajectory.
• Citi's decision to maintain a Neutral rating on Williams-Sonoma with an unchanged price target could have added to the pessimistic mood, indicating a scarcity of compelling positive drivers in the short run.
• Broader market sentiment towards retail equities, particularly in the home furnishing sector, may have influenced the stock's descent, as investors reassess their positions in light of shifting economic circumstances and consumer purchasing trends.

13.08.2024 - WSM Stock was up 5.6%

• The stock rose after RH reported strong Q2 results, indicating positive sentiment in the home goods industry.
• Williams-Sonoma has outperformed the market over the past 5 years, showcasing consistent growth and investor confidence.
• The positive market movement could be attributed to the company's strong performance and overall optimism in the home goods sector.

23.07.2024 - WSM Stock was up 5.5%

• Williams-Sonoma has shown exceptional performance over the past 5 years, outperforming the market significantly.
• Despite lowering its FY24 guidance, the company's Q2 earnings beat expectations, showcasing market-share gains and a commitment to profitability.
• KeyBanc maintaining a Sector Weight on Williams-Sonoma shares indicates a neutral stance on the stock.
• The target cut by TD Cowen, despite retaining a buy rating, might have initially caused some uncertainty but was overshadowed by the positive earnings call where the company raised its bottom-line guidance.

22.07.2024 - WSM Stock was down 6.2%

• Second-quarter earnings beat analyst expectations on adjusted earnings per share but missed on quarterly sales.
• The company slashed its annual outlook, leading to negative investor sentiment and a decline in stock price.
• The market reacted strongly to the news of Williams-Sonoma cutting its full-year revenue guidance, causing the stock to slide further.
• Despite the mixed performance in Q2, the downward revision in revenue outlook overshadowed any positive aspects of the earnings report, contributing to the bearish trend in WSM's stock price.

22.07.2024 - WSM Stock was down 5.4%

• Reported mixed Q2 earnings and reduced FY2024 revenue forecast which disappointed investors.
• Q2 earnings were closely monitored by investors, focusing on furniture demand and operational efficiency.
• Highlighted as a stock to watch by an expert, indicating potential market interest and volatility.
• Market sentiment potentially impacted by mixed earnings reports from other companies, contributing to bearish pressure on Williams-Sonoma's stock.

22.07.2024 - WSM Stock was down 7.3%

• Williams-Sonoma reported earnings per share of $1.74, surpassing analyst estimates, but its revenue of $1.79 billion fell short of expectations.
• The company's decision to slash its annual outlook following the dull Q2 earnings likely contributed to the negative market sentiment.
• Citi maintaining a Neutral rating on Williams-Sonoma with a steady price target might have added to investor uncertainty about the stock's future performance.
• Overall, the mixed earnings report and lowered guidance led to a bearish trend for Williams-Sonoma as investors reevaluated their positions in the company.

21.10.2024 - WSM Stock was down 5.3%

• The company's stock dropped despite surpassing expectations in the third quarter, exceeding both earnings and revenue projections.
• Although Williams-Sonoma announced a new $1 billion buyback initiative and raised its outlook, these measures did not prevent the downward trend.
• It appears that the optimistic outlook from investors holding substantial investments may have been overshadowed by general market forces, resulting in the stock's decline.
• A comparison of Target and Williams-Sonoma's performances on the same day underscores the market's volatility and unpredictability.

17.09.2024 - WSM Stock was down 5.1%

• Despite surpassing market returns recently, Williams-Sonoma (WSM) experienced a strong bearish movement today.
• The +1.23% change from the previous close might not have been enough to sustain the positive momentum.
• Potential profit-taking by investors could have contributed to the downward pressure on WSM stock.
• It's possible that market sentiment shifted, leading to a sell-off in Williams-Sonoma shares despite its recent outperformance.

06.10.2024 - WSM Stock was down 5.3%

• Despite a positive earnings history and potential beat in the next quarterly report, Williams-Sonoma (WSM) experienced a bearish movement, closing at $132.43, down -0.03% from the previous trading day.
• The market may have reacted to broader economic factors or concerns about the retail sector as a whole, overshadowing the company's strong fundamentals.
• Investors might be taking profits after a previous run-up in the stock price, leading to the downward pressure on Williams-Sonoma's shares.
• It's essential to monitor how Williams-Sonoma navigates through any challenges and capitalizes on its strengths to regain market confidence and reverse the bearish trend.

20.10.2024 - WSM Stock was up 27.4%

• Institutional investors and wealthy individuals have taken a bullish stance on Williams-Sonoma, as evidenced by significant options activity.
• The company's stock rose sharply after reporting better-than-expected third-quarter financial results, including surpassing earnings and revenue estimates.
• Williams-Sonoma's announcement of a new $1 billion buyback program and raised outlook further fueled investor optimism.
• Market analysts are optimistic about the company's fiscal Q3 results, citing strong demand for furniture and positive operational efficiency as driving factors behind the stock's bullish movement.

20.10.2024 - WSM Stock was up 26.0%

• The strong bullish movement of WSM could be attributed to the anticipation of positive fiscal Q3 results, especially in furniture demand due to high mortgage rates.
• The market might be reacting positively to the company's enhanced operational efficiency and strategic expansion efforts.
• Analysts' projections for key metrics in Q3 could have also contributed to the bullish sentiment surrounding WSM's stock.
• Overall, the market seems optimistic about Williams-Sonoma's performance in the recent quarter, leading to the bullish movement in its stock price.

19.10.2024 - WSM Stock was up 2.1%

• Williams-Sonoma (WSM) experienced a strong bullish movement today, potentially driven by positive projections for key metrics in its Q3 earnings report.
• The market may have reacted positively to insights indicating potential outperformance in crucial business metrics for the quarter.
• Investors seem optimistic about Williams-Sonoma's (WSM) performance, reflecting confidence in the company's ability to deliver strong results despite market challenges.
• The bullish movement could also be a result of increased consumer demand for home furnishings and kitchenware, aligning with Williams-Sonoma's core business offerings.