Williams-Sonoma, Inc. (NYSE:WSM) Receives $139.47 Average Price Target from Analysts

Williams-Sonoma, Inc. (NYSE:WSM) has received an average rating of “Hold” from the eighteen analysts that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $139.47.

A number of equities research analysts have issued reports on WSM shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $165.00 target price on shares of Williams-Sonoma in a research report on Friday, October 11th. Barclays reduced their price target on Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating for the company in a report on Friday, August 23rd. Royal Bank of Canada dropped their price objective on Williams-Sonoma from $150.00 to $147.00 and set an “outperform” rating on the stock in a report on Friday, August 23rd. Jefferies Financial Group upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and lifted their target price for the company from $148.00 to $156.00 in a research note on Wednesday, September 11th. Finally, Wedbush downgraded shares of Williams-Sonoma from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $150.00 to $135.00 in a research report on Wednesday, October 30th.

Insider Activity at Williams-Sonoma

In related news, CEO Laura Alber sold 40,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $145.27, for a total value of $5,810,800.00. Following the sale, the chief executive officer now owns 1,030,956 shares of the company’s stock, valued at $149,766,978.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $145.27, for a total transaction of $5,810,800.00. Following the sale, the chief executive officer now directly owns 1,030,956 shares of the company’s stock, valued at approximately $149,766,978.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Karalyn Smith sold 11,100 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $134.66, for a total transaction of $1,494,726.00. Following the sale, the executive vice president now directly owns 15,150 shares of the company’s stock, valued at approximately $2,040,099. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Williams-Sonoma

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quent Capital LLC grew its position in shares of Williams-Sonoma by 19.7% during the 1st quarter. Quent Capital LLC now owns 358 shares of the specialty retailer’s stock worth $114,000 after buying an additional 59 shares during the period. SG Americas Securities LLC raised its position in shares of Williams-Sonoma by 144.5% in the 1st quarter. SG Americas Securities LLC now owns 4,370 shares of the specialty retailer’s stock valued at $1,388,000 after acquiring an additional 2,583 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Williams-Sonoma by 18.5% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,103 shares of the specialty retailer’s stock valued at $668,000 after acquiring an additional 329 shares during the period. Lisanti Capital Growth LLC acquired a new stake in Williams-Sonoma in the first quarter worth $518,000. Finally, Forsta AP Fonden bought a new position in shares of Williams-Sonoma during the first quarter worth $12,987,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Williams-Sonoma Stock Up 0.1 %

Shares of NYSE:WSM opened at $129.89 on Friday. The company’s 50-day moving average price is $141.48 and its 200 day moving average price is $144.95. The company has a market cap of $16.41 billion, a PE ratio of 15.63, a P/E/G ratio of 2.55 and a beta of 1.76. Williams-Sonoma has a fifty-two week low of $73.41 and a fifty-two week high of $174.26.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.13. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.81 billion. Williams-Sonoma had a return on equity of 51.57% and a net margin of 14.29%. The company’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.56 earnings per share. As a group, equities analysts anticipate that Williams-Sonoma will post 7.99 EPS for the current year.

Williams-Sonoma Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 18th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, October 18th. Williams-Sonoma’s payout ratio is 27.39%.

Williams-Sonoma Company Profile

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.