Williams-Sonoma (NYSE:WSM) Downgraded to Equal Weight at Barclays

Barclays cut shares of Williams-Sonoma (NYSE:WSMGet Rating) from an overweight rating to an equal weight rating in a report released on Monday, The Fly reports. The firm currently has $114.00 price target on the specialty retailer’s stock, down from their previous price target of $192.00.

WSM has been the subject of several other research reports. Jefferies Financial Group cut shares of Williams-Sonoma from a hold rating to an underperform rating and dropped their price target for the company from $160.00 to $100.00 in a research note on Monday, October 24th. StockNews.com started coverage on shares of Williams-Sonoma in a research note on Wednesday, October 12th. They issued a buy rating for the company. Telsey Advisory Group dropped their price target on shares of Williams-Sonoma from $195.00 to $155.00 and set an outperform rating for the company in a research note on Friday. Morgan Stanley increased their price objective on shares of Williams-Sonoma from $140.00 to $150.00 and gave the stock an equal weight rating in a research report on Monday, August 29th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Williams-Sonoma from $143.00 to $131.00 in a research report on Friday, November 11th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $141.44.

Williams-Sonoma Trading Down 2.6 %

WSM stock opened at $119.19 on Monday. The company has a market cap of $7.95 billion, a price-to-earnings ratio of 7.22, a PEG ratio of 0.73 and a beta of 1.61. Williams-Sonoma has a 12 month low of $101.58 and a 12 month high of $223.32. The firm has a 50-day moving average of $124.87 and a two-hundred day moving average of $131.11.

Williams-Sonoma (NYSE:WSMGet Rating) last released 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. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.03 billion. Williams-Sonoma had a net margin of 13.48% and a return on equity of 83.08%. Williams-Sonoma’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.24 EPS. As a group, equities analysts forecast that Williams-Sonoma will post 16.67 earnings per share for the current year.

Williams-Sonoma Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Stockholders of record on Friday, October 21st will be issued a $0.78 dividend. The ex-dividend date of this dividend is Thursday, October 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.62%. Williams-Sonoma’s payout ratio is 18.91%.

Insider Activity

In related news, CEO Laura Alber sold 20,000 shares of Williams-Sonoma stock in a transaction on 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 sale, the chief executive officer now directly owns 501,653 shares in the company, valued at approximately $75,463,660.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Williams-Sonoma

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC purchased a new position in Williams-Sonoma during the 1st quarter worth $120,000. FDx Advisors Inc. grew its position in Williams-Sonoma by 18.2% during the 1st quarter. FDx Advisors Inc. now owns 2,572 shares of the specialty retailer’s stock worth $373,000 after purchasing an additional 396 shares during the last quarter. Versor Investments LP grew its position in Williams-Sonoma by 25.4% during the 1st quarter. Versor Investments LP now owns 2,758 shares of the specialty retailer’s stock worth $400,000 after purchasing an additional 558 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Williams-Sonoma by 11.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 142,295 shares of the specialty retailer’s stock worth $20,633,000 after purchasing an additional 14,048 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Williams-Sonoma by 16.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 32,498 shares of the specialty retailer’s stock worth $4,712,000 after purchasing an additional 4,546 shares during the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Williams-Sonoma Company Profile

(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.

Further Reading

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