WSM - Meet 1 of the Market's Latest Stock-Split Stocks. Is It a Buy?
2024-06-23 04:05:00 ET
The stock-split scene was quiet for a while before Nvidia and Walmart announced splits earlier this year, followed by Chipotle Mexican Grill 's mega 50-for-1 split announcement.
There have been a few more high-profile stock-split announcements since, but one of the latest is one you might not predict: home goods giant Williams-Sonoma (NYSE: WSM) . Let's see why this market-beating stock is splitting and what investors should expect.
The company's namesake Williams Sonoma chain sells high-end furniture, kitchenware, and home goods. That said, it sits at the lower end of the luxury spectrum, so while it targets an affluent clientele, its wares are also accessible to mass consumers. The company also owns popular brands Pottery Barn and West Elm, each of which has a slightly different branding and focus.
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Meet 1 of the Market's Latest Stock-Split Stocks. Is It a Buy?