Williams-Sonoma (NYSE:WSM) Price Target Raised to $205.00 at Wells Fargo & Company

Williams-Sonoma (NYSE:WSM) had its target price hoisted by Wells Fargo & Company from $190.00 to $205.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the specialty retailer’s stock.

Several other analysts have also recently commented on WSM. UBS Group set a $200.00 target price on Williams-Sonoma in a research report on Thursday, August 28th. Argus set a $212.00 price objective on Williams-Sonoma in a research note on Tuesday, September 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $215.00 target price on shares of Williams-Sonoma in a research note on Thursday, August 28th. KeyCorp increased their price target on shares of Williams-Sonoma from $181.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, August 25th. Finally, The Goldman Sachs Group raised their price target on shares of Williams-Sonoma from $179.00 to $203.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $199.39.

Williams-Sonoma Price Performance

Shares of WSM opened at $191.26 on Tuesday. The company has a 50-day moving average of $195.08 and a two-hundred day moving average of $181.54. The stock has a market cap of $23.29 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 3.16 and a beta of 1.56. Williams-Sonoma has a one year low of $128.37 and a one year high of $219.98.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 EPS for the quarter, beating the consensus estimate of $1.79 by $0.21. Williams-Sonoma had a net margin of 14.54% and a return on equity of 54.47%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm earned $1.74 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Williams-Sonoma has set its FY 2025 guidance at EPS. Analysts anticipate that Williams-Sonoma will post 8.36 earnings per share for the current year.

Williams-Sonoma Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, October 17th will be issued a $0.66 dividend. The ex-dividend date is Friday, October 17th. This represents a $2.64 dividend on an annualized basis and a yield of 1.4%. Williams-Sonoma’s dividend payout ratio is currently 29.04%.

Insider Buying and Selling

In other news, EVP Karalyn Yearout sold 3,500 shares of the stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $198.79, for a total transaction of $695,765.00. Following the transaction, the executive vice president owned 14,003 shares of the company’s stock, valued at approximately $2,783,656.37. This represents a 20.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Laura Alber sold 90,000 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $200.17, for a total value of $18,015,300.00. Following the completion of the transaction, the chief executive officer directly owned 876,927 shares in the company, valued at $175,534,477.59. The trade was a 9.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 114,153 shares of company stock valued at $22,901,008 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Williams-Sonoma

Several large investors have recently made changes to their positions in WSM. True Wealth Design LLC increased its position in Williams-Sonoma by 111.8% in the 3rd quarter. True Wealth Design LLC now owns 144 shares of the specialty retailer’s stock worth $28,000 after buying an additional 76 shares during the period. Maseco LLP acquired a new stake in shares of Williams-Sonoma in the second quarter worth $26,000. Vermillion & White Wealth Management Group LLC increased its position in Williams-Sonoma by 130.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 180 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 102 shares during the period. Quarry LP increased its position in Williams-Sonoma by 99.0% during the first quarter. Quarry LP now owns 199 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 99 shares during the period. Finally, Costello Asset Management INC acquired a new position in Williams-Sonoma during the 1st quarter valued at $32,000. Institutional investors and hedge funds 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.