WSM - Is Williams-Sonoma Stock a Buy for 2023?
2023-04-11 08:51:00 ET
Williams-Sonoma (NYSE: WSM) shares have had a disappointing performance so far in 2023. While the retailer's stock is in positive territory, it is still trailing the S&P 500 through early April. Shares had been trouncing the wider market, too, indicating growing pessimism on Wall Street about the company's short-term prospects.
Against that mixed backdrop, let's take a closer look at the stock to see if it represents an attractive buy for 2023 and beyond.
Investors don't have to read between the lines to see clear evidence that the business is slowing. CEO Laura Alber said in mid-November that the economic environment had become "more uncertain" while continuing to expand. In mid-March, Alber said the industry had switched to a modest decline.
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Is Williams-Sonoma Stock a Buy for 2023?