Goldman Sachs Downgrades Williams-Sonoma to “Neutral” (WSM)

On Thursday Goldman Sachs downgraded home goods retailer Williams-Sonoma, Inc. (WSM) citing peaked margins.

The analysts downgraded WSM for “Buy” to “Neutral.” The price target is $51, suggesting a +8% upside to Wednesday’s closing price of $47.13.

Goldman Sachs said that it believes Williams-Sonoma’s gross profit growth peaked in the second half of 2012 as margins are squeezed.

Williams-Sonoma shares were down $1.81, or -3.84%, during pre-market trading on Thursday. The stock is up +39.23% over the past year.

The Bottom Line
Shares of Williams-Sonoma (WSM) have a 1.87% dividend yield, based on last night’s closing stock price of $47.13. The stock has technical support in the $43-$44 price area. The stock is trading near all-time highs.

Williams-Sonoma, Inc. (WSM) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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