NEW YORK (TheStreet) -- Shares of Williams-Sonoma, Inc. (WSM) are gaining, up 2.16% to $69.87 in late afternoon trading Friday, after the multi-channel specialty retailer of home products had its rating raised to "outperform" from "market perform" by analysts at Wells Fargo (WFC) this morning.
Also, analysts at Wedbush Securities issued a positive note on Williams-Sonoma and said the company's third-quarter earnings would likely fall in the high end of its guidance range of between 58 cents to 63 cents per share.
Analysts at Wedbush said the firm's channel checks indicated an on-trend merchandise assortment at Pottery Barn and West Elm.
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The San Francisco-based company operates under brands including Williams-Sonoma, Pottery Barn, and West Elm and sells products through its seven e-commerce websites and eight direct-mail catalogs in addition to its retail stores.
Separately, TheStreet Ratings team rates WILLIAMS-SONOMA INC as a "buy" with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate WILLIAMS-SONOMA INC (WSM) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."