Williams-Sonoma (NYSE:WSM) Given a $166.00 Price Target at Barclays

Williams-Sonoma (NYSE:WSM) received a $166.00 price target from research analysts at Barclays in a research report issued on Monday, Marketbeat.com reports. The firm currently has an “equal weight” rating on the specialty retailer’s stock. Barclays‘s target price would suggest a potential upside of 3.15% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. Baird R W raised shares of Williams-Sonoma from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. Gordon Haskett upgraded Williams-Sonoma to a “hold” rating in a research note on Thursday, February 13th. Wells Fargo & Company dropped their price target on Williams-Sonoma from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, March 20th. Jefferies Financial Group restated a “buy” rating on shares of Williams-Sonoma in a research note on Tuesday, May 13th. Finally, Telsey Advisory Group dropped their price target on Williams-Sonoma from $220.00 to $215.00 and set an “outperform” rating for the company in a research note on Monday. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $177.81.

Williams-Sonoma Trading Down 4.2%

Williams-Sonoma stock opened at $160.93 on Monday. The firm has a 50 day moving average of $156.72 and a 200 day moving average of $176.07. The firm has a market capitalization of $19.78 billion, a price-to-earnings ratio of 19.03, a P/E/G ratio of 2.89 and a beta of 1.57. Williams-Sonoma has a 12-month low of $125.33 and a 12-month high of $219.98.

Williams-Sonoma (NYSE:WSM) last released its earnings results on Thursday, May 22nd. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.09. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.67 billion. Williams-Sonoma had a net margin of 14.54% and a return on equity of 51.56%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.48 EPS. On average, analysts predict that Williams-Sonoma will post 8.36 EPS for the current year.

Insider Activity at Williams-Sonoma

In related news, CEO Laura Alber sold 30,000 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $165.78, for a total transaction of $4,973,400.00. Following the sale, the chief executive officer now owns 1,018,374 shares in the company, valued at approximately $168,826,041.72. This represents a 2.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Jeffrey Howie sold 36,312 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $165.79, for a total value of $6,020,166.48. Following the sale, the chief financial officer now owns 46,388 shares in the company, valued at $7,690,666.52. The trade was a 43.91% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,635 shares of company stock worth $13,236,175. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Williams-Sonoma

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP raised its holdings in Williams-Sonoma by 99.0% during the 1st quarter. Quarry LP now owns 199 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 99 shares during the period. Sentry Investment Management LLC purchased a new stake in Williams-Sonoma in the first quarter worth $32,000. Costello Asset Management INC purchased a new stake in Williams-Sonoma in the first quarter worth $32,000. SOA Wealth Advisors LLC. purchased a new stake in Williams-Sonoma in the first quarter worth $33,000. Finally, Wayfinding Financial LLC purchased a new stake in Williams-Sonoma in the first quarter worth $35,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

About Williams-Sonoma

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.