Williams-Sonoma Price Target Raised to $190 After Q1 Revenues Climb 4.4%
Barclays raised its Williams-Sonoma price target to $190 after first-quarter fiscal 2026 revenues climbed 4.4% to $1.81 billion with EPS of $1.93 beating estimates. Comparable brand revenues rose 4.8%, led by an 8.5% increase at West Elm, and the company reaffirmed full-year revenue and margin guidance.
1. Analyst Raises Price Target
Barclays increased its price target for Williams-Sonoma to $190, citing the company’s robust first-quarter performance and sustained profitability in the home furnishings market.
2. First-Quarter Revenues and Profitability
Williams-Sonoma reported net revenues of $1.81 billion, up 4.4% year-over-year, and delivered EPS of $1.93, exceeding the $1.80 estimate and marking the fourth consecutive quarter of EPS outperformance.
3. Brand Performance Drivers
Comparable brand revenues rose 4.8%, led by an 8.5% surge at West Elm, reflecting strong consumer demand across its portfolio including Pottery Barn and other specialty home brands.
4. Guidance Reaffirmed and Stock Reaction
The company reaffirmed its full-year revenue and operating margin guidance, and shares traded at $191.94, up 6.49% on the day, surpassing the newly set price target.