Williams-Sonoma (NYSE:WSM) PT Lowered to $185.00

Williams-Sonoma (NYSE:WSM – Get Rating) had its target price dropped by Loop Capital from $205.00 to $185.00 in a research note issued to investors on Friday, The Fly reports. Loop Capital’s target price indicates a potential upside of 58.31% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Telsey Advisory Group decreased their price objective on Williams-Sonoma from $155.00 to $142.00 and set an “outperform” rating for the company in a research note on Tuesday, March 14th. The Goldman Sachs Group decreased their target price on shares of Williams-Sonoma from $123.00 to $109.00 and set a “sell” rating for the company in a research report on Monday, December 12th. Cowen decreased their target price on shares of Williams-Sonoma from $170.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, November 18th. Barclays cut shares of Williams-Sonoma from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $192.00 to $114.00 in a research report on Monday, November 21st. Finally, Cowen decreased their target price on shares of Williams-Sonoma from $170.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, November 18th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $127.47.

Williams-Sonoma Trading Down 2.6 %

Shares of Williams-Sonoma stock opened at $116.86 on Friday. Williams-Sonoma has a 12 month low of $101.58 and a 12 month high of $176.89. The stock’s fifty day moving average price is $126.71 and its 200-day moving average price is $125.08. The firm has a market cap of $7.78 billion, a P/E ratio of 7.08, a P/E/G ratio of 0.88 and a beta of 1.62.

Williams-Sonoma (NYSE:WSM – Get Rating) last posted its quarterly earnings results on Thursday, March 16th. The specialty retailer reported $5.50 EPS for the quarter, beating the consensus estimate of $5.41 by $0.09. Williams-Sonoma had a net margin of 13.48% and a return on equity of 83.08%. The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the previous year, the business posted $5.42 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. Analysts forecast that Williams-Sonoma will post 13.47 earnings per share for the current year.

Institutional Trading of Williams-Sonoma

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. increased its stake in shares of Williams-Sonoma by 13.2% in the fourth quarter. Victory Capital Management Inc. now owns 128,087 shares of the specialty retailer’s stock worth $14,720,000 after acquiring an additional 14,895 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of Williams-Sonoma by 56.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 864 shares of the specialty retailer’s stock worth $98,000 after acquiring an additional 311 shares during the period. Lakewood Asset Management LLC acquired a new stake in shares of Williams-Sonoma in the fourth quarter worth $1,693,000. Trust Investment Advisors acquired a new stake in shares of Williams-Sonoma in the fourth quarter worth $553,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Williams-Sonoma by 8.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,837 shares of the specialty retailer’s stock worth $556,000 after buying an additional 388 shares in the last quarter. Institutional investors and hedge funds own 99.49% of the company’s stock.

About Williams-Sonoma

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Williams-Sonoma, Inc engages in the retailing of home products. It operates through the following segments: Pottery Barn, West Elm, Williams Sonoma, Pottery Barn Kids and Teen and Other. The Other segment includes net revenues from international franchise operations, Rejuvenation and Mark and Graham.