Williams-Sonoma Inc. (WSM) was a big mover last session with its shares rising over 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above past one month’s volatile price range of $61.31 to $64.55.
This specialty retailer of home products has seen a mixed track record when it comes to estimate revisions of 1 increase and 1 decrease over the last 60 days. Meanwhile, the Zacks Consensus Estimate has moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.
Williams-Sonoma currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Better-ranked stocks worth considering in the broader retail sector include Citi Trends, Inc. (CTRN), American Apparel, Inc. (APP) and Foot Locker, Inc. (FL). While Citi Trends sports a Zacks Rank #1 (Strong Buy), American Apparel and Foot Locker bear a Zacks Rank #2 (Buy).
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WILLIAMS SONOMA INC (WSM): Free Stock Analysis Report
CITI TRENDS INC (CTRN): Free Stock Analysis Report
AMERICAN APPAREL INC (APP): Free Stock Analysis Report
FOOT LOCKER INC (FL): Free Stock Analysis Report
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