Diamonds and Dogs

11/20/24

William Sonoma (WSM) is the clear diamond in the retail space. The retailer is up 28% to a record high after easily beating earnings estimates. Management saw improving sales trends with market share gains and strong profits in a difficult economic environment. Williams-Sonoma stock has soared over 60% so far this year.

Target (TGT) missed the target. Target stock is down 21% at a 52-week low after missing earnings from a wide margin as sales only rose 1.1%. Target said consumers are telling them their budgets are stretched. Price conscious consumers may be shifting sales to competitor, Walmart that just reported strong earnings the other day.