TD Cowen Boosts Williams-Sonoma (NYSE:WSM) Price Target to $160.00

Williams-Sonoma (NYSE:WSM) had its price target boosted by investment analysts at TD Cowen from $150.00 to $160.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. TD Cowen’s price target points to a potential upside of 9.85% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. Evercore ISI cut their target price on shares of Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating for the company in a research report on Wednesday, August 7th. Morgan Stanley increased their target price on shares of Williams-Sonoma from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Williams-Sonoma in a research report on Thursday, May 23rd. Robert W. Baird dropped their price target on shares of Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, August 23rd. Finally, Jefferies Financial Group upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and increased their price target for the stock from $148.00 to $156.00 in a research note on Wednesday, September 11th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Williams-Sonoma currently has an average rating of “Hold” and a consensus price target of $141.17.

Williams-Sonoma Stock Up 0.8 %

NYSE:WSM traded up $1.14 during trading hours on Monday, reaching $145.65. 187,434 shares of the company’s stock were exchanged, compared to its average volume of 1,995,901. The company has a market capitalization of $18.40 billion, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 2.67 and a beta of 1.74. Williams-Sonoma has a 12 month low of $69.95 and a 12 month high of $174.26. The business’s 50-day simple moving average is $142.06 and its two-hundred day simple moving average is $144.59.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 EPS for the quarter, beating the consensus estimate of $1.61 by $0.13. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.81 billion. Williams-Sonoma had a net margin of 14.29% and a return on equity of 51.57%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.56 EPS. As a group, sell-side analysts anticipate that Williams-Sonoma will post 7.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Karalyn Smith sold 11,100 shares of Williams-Sonoma stock in a transaction that occurred on Wednesday, August 28th. The shares were 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 owns 15,150 shares in the company, valued at approximately $2,040,099. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Laura Alber sold 40,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $156.45, for a total transaction of $6,258,000.00. Following the sale, the chief executive officer now owns 1,070,956 shares of the company’s stock, valued at $167,551,066.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 value of $1,494,726.00. Following the sale, the executive vice president now directly owns 15,150 shares in the company, valued at approximately $2,040,099. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Williams-Sonoma

Hedge funds have recently modified their holdings of the business. Quest Partners LLC acquired a new stake in Williams-Sonoma in the 2nd quarter valued at approximately $26,000. Crewe Advisors LLC acquired a new stake in Williams-Sonoma in the 2nd quarter valued at approximately $29,000. EntryPoint Capital LLC raised its position 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. Northwest Investment Counselors LLC acquired a new stake in Williams-Sonoma in the 1st quarter valued at approximately $32,000. Finally, Contravisory Investment Management Inc. acquired a new stake in Williams-Sonoma in the 1st quarter valued at approximately $33,000. Institutional investors and hedge funds 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.