Williams-Sonoma (NYSE:WSM) Receives Outperform Rating from Telsey Advisory Group

Williams-Sonoma (NYSE:WSM)‘s stock had its “outperform” rating restated by Telsey Advisory Group in a report released on Friday,Benzinga reports. They presently have a $165.00 target price on the specialty retailer’s stock. Telsey Advisory Group’s target price indicates a potential upside of 26.29% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Citigroup decreased their target price on Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Wells Fargo & Company lowered their price objective on shares of Williams-Sonoma from $158.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, August 19th. Barclays reduced their target price on shares of Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating on the stock in a research report on Friday, August 23rd. Evercore ISI lowered their price target on shares of Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating for the company in a report on Wednesday, August 7th. Finally, Wedbush lowered shares of Williams-Sonoma from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $150.00 to $135.00 in a report on Wednesday, October 30th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $139.47.

Williams-Sonoma Trading Down 0.1 %

WSM traded down $0.17 during midday trading on Friday, hitting $130.65. The company’s stock had a trading volume of 1,885,075 shares, compared to its average volume of 1,920,463. Williams-Sonoma has a 52-week low of $80.49 and a 52-week high of $174.26. The firm has a 50-day moving average price of $141.35 and a two-hundred day moving average price of $144.58. The firm has a market cap of $16.51 billion, a P/E ratio of 15.69, a PEG ratio of 2.54 and a beta of 1.76.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Thursday, August 22nd. The specialty retailer reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.13. Williams-Sonoma had a return on equity of 51.57% and a net margin of 14.29%. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the firm posted $1.56 EPS. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities analysts expect that Williams-Sonoma will post 7.99 EPS for the current year.

Insider Transactions at Williams-Sonoma

In other Williams-Sonoma news, EVP Karalyn Smith sold 11,100 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $134.66, for a total transaction of $1,494,726.00. Following the completion of the sale, the executive vice president now directly owns 15,150 shares in the company, valued at approximately $2,040,099. This trade represents a 42.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Laura Alber sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $145.27, for a total transaction of $5,810,800.00. Following the sale, the chief executive officer now owns 1,030,956 shares of the company’s stock, valued at approximately $149,766,978.12. This represents a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Motley Fool Asset Management LLC boosted its position in Williams-Sonoma by 4.4% during the first quarter. Motley Fool Asset Management LLC now owns 1,225 shares of the specialty retailer’s stock worth $389,000 after purchasing an additional 52 shares during the period. Quent Capital LLC boosted its holdings in shares of Williams-Sonoma by 19.7% during the 1st quarter. Quent Capital LLC now owns 358 shares of the specialty retailer’s stock worth $114,000 after buying an additional 59 shares during the period. Bleakley Financial Group LLC boosted its holdings in shares of Williams-Sonoma by 6.3% during the 1st quarter. Bleakley Financial Group LLC now owns 1,199 shares of the specialty retailer’s stock worth $381,000 after buying an additional 71 shares during the period. EntryPoint Capital LLC grew its stake in Williams-Sonoma by 520.0% in the 1st quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 78 shares during the last quarter. Finally, Smithfield Trust Co lifted its position in Williams-Sonoma by 100.0% during the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 80 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Company Profile

Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.