Evercore ISI Cuts Williams-Sonoma (NYSE:WSM) Price Target to $135.00

Williams-Sonoma (NYSE:WSMGet Rating) had its target price lowered by investment analysts at Evercore ISI to $135.00 in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. Evercore ISI’s price objective would indicate a potential upside of 7.02% from the stock’s current price.

WSM has been the subject of a number of other reports. Telsey Advisory Group reduced their target price on shares of Williams-Sonoma from $198.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, May 20th. UBS Group reduced their target price on shares of Williams-Sonoma from $140.00 to $100.00 and set a “sell” rating for the company in a report on Tuesday, May 24th. Citigroup reduced their price objective on shares of Williams-Sonoma from $168.00 to $138.00 in a research note on Friday, May 13th. The Goldman Sachs Group increased their price objective on shares of Williams-Sonoma from $149.00 to $166.00 and gave the stock a “sell” rating in a research note on Monday, March 21st. Finally, Barclays reduced their price objective on shares of Williams-Sonoma from $186.00 to $173.00 and set an “overweight” rating for the company in a research note on Friday, May 27th. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $158.58.

Williams-Sonoma stock traded up $0.07 during midday trading on Thursday, reaching $126.15. 893,096 shares of the company traded hands, compared to its average volume of 1,480,160. The firm has a market capitalization of $8.67 billion, a price-to-earnings ratio of 8.19, a price-to-earnings-growth ratio of 1.35 and a beta of 1.53. The business has a 50 day moving average of $132.95 and a two-hundred day moving average of $151.23. Williams-Sonoma has a 12 month low of $101.58 and a 12 month high of $223.32.

Williams-Sonoma (NYSE:WSMGet Rating) last announced its earnings results on Wednesday, May 25th. The specialty retailer reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.60. Williams-Sonoma had a net margin of 13.74% and a return on equity of 76.64%. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the company earned $2.93 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. Sell-side analysts forecast that Williams-Sonoma will post 16.29 earnings per share for the current fiscal year.

In other Williams-Sonoma news, insider Ryan Ross sold 10,400 shares of the stock in a transaction on Monday, June 6th. The shares were sold at an average price of $127.42, for a total transaction of $1,325,168.00. Following the completion of the transaction, the insider now owns 21,269 shares in the company, valued at $2,710,095.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Julie Whalen sold 5,000 shares of the stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $130.00, for a total transaction of $650,000.00. Following the transaction, the chief financial officer now owns 101,239 shares of the company’s stock, valued at approximately $13,161,070. The disclosure for this sale can be found here. Insiders have sold 22,430 shares of company stock valued at $3,108,034 in the last quarter. 1.60% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in Williams-Sonoma by 154.4% during the 1st quarter. Allworth Financial LP now owns 173 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 105 shares in the last quarter. KRS Capital Management LLC purchased a new position in Williams-Sonoma during the 4th quarter valued at about $26,000. CWM LLC purchased a new position in shares of Williams-Sonoma in the 4th quarter worth approximately $34,000. Artemis Wealth Advisors LLC purchased a new position in shares of Williams-Sonoma in the 1st quarter worth approximately $35,000. Finally, UMB Bank N A MO purchased a new position in shares of Williams-Sonoma in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 99.66% of the company’s stock.

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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