Williams-Sonoma (NYSE:WSM) Given New $155.00 Price Target at Telsey Advisory Group

Williams-Sonoma (NYSE:WSMGet Rating) had its target price cut by Telsey Advisory Group from $195.00 to $155.00 in a research report issued to clients and investors on Friday, MarketBeat.com reports. The brokerage presently has an “outperform” rating on the specialty retailer’s stock. Telsey Advisory Group’s price target points to a potential upside of 26.67% from the company’s current price. Telsey Advisory Group also issued estimates for Williams-Sonoma’s Q4 2023 earnings at $5.68 EPS, FY2023 earnings at $16.72 EPS, Q1 2024 earnings at $3.52 EPS and Q2 2024 earnings at $3.74 EPS.

Several other research analysts have also recently issued reports on WSM. JPMorgan Chase & Co. cut their price target on shares of Williams-Sonoma from $143.00 to $131.00 in a report on Friday, November 11th. Wells Fargo & Company increased their target price on shares of Williams-Sonoma from $135.00 to $170.00 and gave the company an “equal weight” rating in a report on Thursday, August 25th. Jefferies Financial Group cut shares of Williams-Sonoma from a “hold” rating to an “underperform” rating and dropped their target price for the company from $160.00 to $100.00 in a report on Monday, October 24th. Citigroup dropped their target price on shares of Williams-Sonoma from $156.00 to $135.00 in a report on Monday, October 31st. Finally, StockNews.com began coverage on shares of Williams-Sonoma in a research note on Wednesday, October 12th. They set a “buy” rating for the company. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Williams-Sonoma has a consensus rating of “Hold” and a consensus target price of $145.78.

Williams-Sonoma Stock Performance

Shares of WSM opened at $122.37 on Friday. Williams-Sonoma has a fifty-two week low of $101.58 and a fifty-two week high of $223.32. The company has a market capitalization of $8.16 billion, a price-to-earnings ratio of 7.42, a price-to-earnings-growth ratio of 0.78 and a beta of 1.61. The firm has a 50-day simple moving average of $125.56 and a 200-day simple moving average of $131.33.

Williams-Sonoma (NYSE:WSMGet Rating) last announced its earnings results on Wednesday, August 24th. The specialty retailer reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.54 by $0.33. Williams-Sonoma had a net margin of 13.48% and a return on equity of 83.01%. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the firm earned $3.24 earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities research analysts forecast that Williams-Sonoma will post 16.71 EPS for the current year.

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 20,000 shares of the business’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $150.43, for a total transaction of $3,008,600.00. Following the completion of the sale, the chief executive officer now owns 501,653 shares of the company’s stock, valued at $75,463,660.79. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Williams-Sonoma

Institutional investors have recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC purchased a new stake in Williams-Sonoma during the second quarter valued at about $28,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Williams-Sonoma in 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 worth $33,000 after buying an additional 121 shares during the period. Private Trust Co. NA purchased a new stake in shares of Williams-Sonoma in the second quarter worth about $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 worth $44,000 after buying an additional 108 shares during the period. Hedge funds and other institutional investors own 93.74% of the company’s stock.

About Williams-Sonoma

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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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