Williams-Sonoma, Inc. (NYSE:WSM) Given Average Rating of “Hold” by Analysts

Williams-Sonoma, Inc. (NYSE:WSMGet Rating) has been given an average rating of “Hold” by the eighteen analysts that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $151.00.

A number of research firms recently issued reports on WSM. Telsey Advisory Group boosted their target price on shares of Williams-Sonoma from $165.00 to $195.00 and gave the company an “outperform” rating in a research report on Thursday, August 25th. UBS Group reiterated a “sell” rating and set a $110.00 target price on shares of Williams-Sonoma in a research report on Friday, September 23rd. Morgan Stanley boosted their target price on shares of Williams-Sonoma from $140.00 to $150.00 and gave the company an “equal weight” rating in a research report on Monday, August 29th. Wells Fargo & Company boosted their target price on shares of Williams-Sonoma from $135.00 to $170.00 and gave the company an “equal weight” rating in a research report on Thursday, August 25th. Finally, StockNews.com initiated coverage on shares of Williams-Sonoma in a report on Wednesday, October 12th. They set a “buy” rating on the stock.

Insider Activity at Williams-Sonoma

In related news, CEO Laura Alber sold 20,000 shares of the stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $150.43, for a total transaction of $3,008,600.00. Following the completion of the transaction, the chief executive officer now owns 501,653 shares in the company, valued at $75,463,660.79. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Williams-Sonoma

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC bought a new position in Williams-Sonoma during the second quarter worth about $28,000. C M Bidwell & Associates Ltd. bought a new position in Williams-Sonoma during the second quarter worth about $32,000. Allworth Financial LP boosted its position in shares of Williams-Sonoma by 69.9% in the second quarter. Allworth Financial LP now owns 294 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 121 shares during the period. Private Trust Co. NA bought a new position in shares of Williams-Sonoma in the second quarter valued at approximately $41,000. Finally, CWM LLC boosted its position in shares of Williams-Sonoma by 37.9% in the second quarter. CWM LLC now owns 393 shares of the specialty retailer’s stock valued at $44,000 after acquiring an additional 108 shares during the period. Institutional investors own 93.74% of the company’s stock.

Williams-Sonoma Stock Performance

NYSE:WSM opened at $133.60 on Tuesday. The firm’s fifty day moving average is $127.00 and its 200-day moving average is $131.49. Williams-Sonoma has a 52 week low of $101.58 and a 52 week high of $223.32. The firm has a market cap of $8.91 billion, a P/E ratio of 8.31, a P/E/G ratio of 1.47 and a beta of 1.61.

Williams-Sonoma (NYSE:WSMGet Rating) last posted its quarterly earnings data on Wednesday, August 24th. The specialty retailer reported $3.87 EPS for the quarter, beating analysts’ consensus estimates of $3.54 by $0.33. Williams-Sonoma had a net margin of 13.68% and a return on equity of 81.21%. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the firm posted $3.24 EPS. The company’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Williams-Sonoma will post 16.67 earnings per share for the current year.

Williams-Sonoma Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Friday, October 21st will be given a dividend of $0.78 per share. The ex-dividend date is Thursday, October 20th. This represents a $3.12 annualized dividend and a yield of 2.34%. Williams-Sonoma’s payout ratio is currently 19.42%.

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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