This Exciting Retail Stock Has a Reliable Dividend

Retail Williams-Sonoma Inc. (NYSE: WSM) is a home product retail with a large store network in the United States. It also operates internationally as a distributor and through franchises. This stock has pulled back over the last month, sliding along with the rest of the market. However, there’s a likely upside for investors who buy at today’s discounted price.

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Analysts believe that this stock will recover from the recent dip, with an average target price of $98.18. U.S. retail volumes increased last month. With unemployment numbers falling, consumer spending is likely to increase in the coming months. Even during statewide lockdowns, this retail company has outperformed expectations. E-commerce sales increased by 46% in the most recent quarter. Total revenue was up 8.7% and adjusted earnings per share increased by 107% year over year.

In addition to the potential growth in the stock price, this pick also offers a dividend with a yield of 2.20% at today’s price. Strong earnings will help to protect the dividend. By generating growth during the Coronavirus Pandemic, Williams-Sonoma has stood out as one of the best picks on the market.

Key Data:

  • 1 Year Price Growth: 88%
  • YTD Price Growth: 70%
  • 3 Month Price Growth: 79%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

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