Royal Bank of Canada Reiterates $182.00 Price Target for Williams-Sonoma (NYSE:WSM)

Williams-Sonoma (NYSE:WSM) has been given a $182.00 price objective by analysts at Royal Bank of Canada in a report issued on Friday, Marketbeat.com reports. The firm currently has an “outperform” rating on the specialty retailer’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 15.34% from the stock’s previous close.

Several other equities research analysts have also issued reports on WSM. Gordon Haskett raised shares of Williams-Sonoma to a “hold” rating in a research note on Thursday, February 13th. Baird R W raised Williams-Sonoma from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 7th. Robert W. Baird raised Williams-Sonoma from a “neutral” rating to an “outperform” rating and set a $170.00 price target on the stock in a research report on Monday, April 7th. KeyCorp raised Williams-Sonoma from a “sector weight” rating to an “overweight” rating and set a $181.00 price target on the stock in a research report on Friday, April 25th. Finally, Barclays set a $166.00 price target on Williams-Sonoma and gave the company an “equal weight” rating in a research report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $177.06.

Williams-Sonoma Price Performance

WSM opened at $157.79 on Friday. Williams-Sonoma has a fifty-two week low of $125.33 and a fifty-two week high of $219.98. The business has a 50-day moving average of $156.44 and a 200-day moving average of $176.85. The company has a market capitalization of $19.40 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 2.89 and a beta of 1.57.

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

Insider Buying and Selling at Williams-Sonoma

In other news, EVP Karalyn Yearout sold 8,000 shares of Williams-Sonoma stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $151.53, for a total transaction of $1,212,240.00. Following the sale, the executive vice president now directly owns 16,505 shares in the company, valued at approximately $2,501,002.65. The trade was a 32.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeffrey Howie sold 4,000 shares of Williams-Sonoma stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $156.78, for a total transaction of $627,120.00. Following the sale, the chief financial officer now owns 42,388 shares in the company, valued at approximately $6,645,590.64. This trade represents a 8.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,635 shares of company stock valued at $13,236,175 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Williams-Sonoma

Several institutional investors have recently made changes to their positions in the business. Mariner LLC boosted its stake in Williams-Sonoma by 0.4% in the 4th quarter. Mariner LLC now owns 11,225 shares of the specialty retailer’s stock valued at $2,079,000 after buying an additional 49 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Williams-Sonoma by 15.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 396 shares of the specialty retailer’s stock valued at $73,000 after acquiring an additional 53 shares during the period. Resonant Capital Advisors LLC grew its position in Williams-Sonoma by 1.6% in the fourth quarter. Resonant Capital Advisors LLC now owns 3,474 shares of the specialty retailer’s stock valued at $643,000 after acquiring an additional 56 shares during the period. Hemington Wealth Management grew its position in Williams-Sonoma by 15.3% in the first quarter. Hemington Wealth Management now owns 482 shares of the specialty retailer’s stock valued at $76,000 after acquiring an additional 64 shares during the period. Finally, Bailard Inc. lifted its holdings in Williams-Sonoma by 1.6% during the 4th quarter. Bailard Inc. now owns 4,091 shares of the specialty retailer’s stock valued at $758,000 after purchasing an additional 66 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

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.