Analysts Set Williams-Sonoma, Inc. (NYSE:WSM) Price Target at $165.78

Shares of Williams-Sonoma, Inc. (NYSE:WSMGet Rating) have been assigned an average rating of “Hold” from the twenty ratings firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $165.78.

Several research analysts have issued reports on WSM shares. Bank of America reduced their price objective on Williams-Sonoma from $164.00 to $132.00 and set an “underperform” rating on the stock in a report on Wednesday, March 16th. Citigroup cut their price target on Williams-Sonoma from $168.00 to $138.00 in a research note on Friday, May 13th. Telsey Advisory Group lowered their price objective on shares of Williams-Sonoma from $198.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday. Royal Bank of Canada upped their price objective on shares of Williams-Sonoma from $202.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, March 17th. Finally, Morgan Stanley restated a “hold” rating and issued a $170.00 price objective on shares of Williams-Sonoma in a research report on Friday, March 18th.

Shares of NYSE WSM traded down $5.36 during trading hours on Tuesday, hitting $102.94. 14,091 shares of the company’s stock were exchanged, compared to its average volume of 1,390,206. Williams-Sonoma has a 1-year low of $104.94 and a 1-year high of $223.32. The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 1.25 and a beta of 1.53. The company’s 50-day moving average price is $139.95 and its 200-day moving average price is $157.97.

Williams-Sonoma (NYSE:WSMGet Rating) last posted its quarterly earnings data on Wednesday, March 16th. The specialty retailer reported $5.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.82 by $0.60. Williams-Sonoma had a return on equity of 73.38% and a net margin of 13.66%. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the prior year, the business earned $3.95 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, research analysts predict that Williams-Sonoma will post 15.74 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Friday, April 22nd will be paid a $0.78 dividend. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.71. This represents a $3.12 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Thursday, April 21st. Williams-Sonoma’s dividend payout ratio (DPR) is 21.07%.

In other news, CEO Laura Alber sold 20,000 shares of Williams-Sonoma stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $152.04, for a total value of $3,040,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sabrina Simmons sold 5,000 shares of Williams-Sonoma stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of $164.11, for a total transaction of $820,550.00. The disclosure for this sale can be found here. Insiders sold a total of 27,030 shares of company stock valued at $4,173,666 over the last quarter. 1.60% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Advisory Services Network LLC increased its stake in Williams-Sonoma by 19.0% in the first quarter. Advisory Services Network LLC now owns 1,663 shares of the specialty retailer’s stock valued at $241,000 after acquiring an additional 266 shares during the last quarter. Toroso Investments LLC increased its stake in Williams-Sonoma by 5.4% in the first quarter. Toroso Investments LLC now owns 10,661 shares of the specialty retailer’s stock valued at $1,546,000 after acquiring an additional 546 shares during the last quarter. Linscomb & Williams Inc. increased its stake in Williams-Sonoma by 1.9% in the first quarter. Linscomb & Williams Inc. now owns 78,350 shares of the specialty retailer’s stock valued at $11,361,000 after acquiring an additional 1,453 shares during the last quarter. Davidson Capital Management Inc. increased its stake in Williams-Sonoma by 9.1% in the first quarter. Davidson Capital Management Inc. now owns 8,798 shares of the specialty retailer’s stock valued at $1,276,000 after acquiring an additional 731 shares during the last quarter. Finally, Beacon Pointe Advisors LLC bought a new stake in shares of Williams-Sonoma during the first quarter worth $1,401,000. 99.66% of the stock is currently owned by institutional investors and hedge funds.

About Williams-Sonoma (Get Rating)

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.

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Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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