Home 2020 Sitting on a Cash Pile 9.0? Rewards Coming from Continuing Home Renovations

Sitting on a Cash Pile 9.0? Rewards Coming from Continuing Home Renovations


#buy #cash #bullish #homefurnishings


Williams-Sonoma Inc. (NYSE:WSM) this home products retailer is reaping the rewards of nationwide home renovations, and Thursday garnered a Buy rating from HeffX-LTN.

WSM broke out on 11 November at 95.78 and confirmed on 16 December at 112.92, the stock is currently at 112.35 within its 52 wk trading range of 26.01 – 114.65, the company pays an annual dividend of 1.89%

Our overall technical outlook for WSM is Very Bullish across the board, as the Key indicators have turned Very Bullish long term. We have a target price into mid and late Y 2021 of of 152.35.

The Key support is 105.37 and the resistance is light 114.07 above that it is NIL.

Williams-Sonoma, Inc. operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.

The company also provides home decor products under the West Elm brand; products designed for creating childhood memories by decorating nurseries, bedrooms, and play spaces where children could play, laugh, learn, and grow under the Pottery Barn Kids brand; and line of furniture, bedding, lighting, decorative accents, and others for teen bedrooms, dorm rooms, study spaces, and lounges under the Pottery Barn Teen brand. In addition, it offers a range of assortments of lighting, hardware, furniture, and home décor inspired by history under the Rejuvenation brand; and women’s and men’s accessories, small leather goods, jewelry, key item apparel, paper, entertaining and bar, home décor, and seasonal items under the Mark and Graham brand. The company markets its products through e-commerce websites, direct-mail catalogs, and retail stores.

As of 2 February 2020, it operated 614 stores comprising 572 stores in 43 states, Washington, DC, and Puerto Rico; 20 stores in Canada; 19 stores in Australia; 3 stores in the United Kingdom; and 129 franchised stores, as well as e-commerce websites in various countries in the Middle East, the Philippines, Mexico, and South Korea.

Williams-Sonoma, Inc. was founded in Y 1956 and is HQ’d in San Francisco, California.

Have a healthy day, Keep the Faith!

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Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.