TD Cowen Has Lowered Expectations for Williams-Sonoma (NYSE:WSM) Stock Price

Williams-Sonoma (NYSE:WSM) had its price objective cut by equities research analysts at TD Cowen from $225.00 to $210.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the specialty retailer’s stock. TD Cowen’s price target points to a potential upside of 17.98% from the company’s previous close.

Several other research analysts also recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Williams-Sonoma from $168.00 to $215.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Gordon Haskett upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a report on Wednesday, July 23rd. Citigroup increased their price objective on shares of Williams-Sonoma from $162.00 to $202.00 and gave the company a “neutral” rating in a research report on Friday, August 22nd. KeyCorp lifted their target price on shares of Williams-Sonoma from $181.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, August 25th. Finally, Telsey Advisory Group cut their price target on shares of Williams-Sonoma from $225.00 to $220.00 and set an “outperform” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $199.00.

Williams-Sonoma Stock Up 3.2%

NYSE WSM opened at $178.00 on Thursday. Williams-Sonoma has a 52 week low of $130.07 and a 52 week high of $219.98. The company has a 50 day moving average price of $191.90 and a 200 day moving average price of $182.58. The firm has a market cap of $21.68 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 3.16 and a beta of 1.56.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings results on Wednesday, November 19th. The specialty retailer reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.09. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.86 billion. Williams-Sonoma had a net margin of 14.54% and a return on equity of 54.47%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.96 earnings per share. Williams-Sonoma has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate 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 David Randolph King sold 17,500 shares of the business’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $203.60, for a total value of $3,563,000.00. Following the completion of the transaction, the executive vice president owned 98,560 shares of the company’s stock, valued at $20,066,816. The trade was a 15.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Karalyn Yearout sold 3,500 shares of the company’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $198.79, for a total value of $695,765.00. Following the completion of the sale, the executive vice president owned 14,003 shares in the company, valued at $2,783,656.37. The trade was a 20.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 114,153 shares of company stock valued at $22,901,008 in the last three months. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. True Wealth Design LLC increased its holdings in shares of Williams-Sonoma by 111.8% during the 3rd quarter. True Wealth Design LLC now owns 144 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 76 shares in the last quarter. Maseco LLP purchased a new stake in Williams-Sonoma during the second quarter worth $26,000. Vermillion & White Wealth Management Group LLC grew 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 valued at $29,000 after buying an additional 102 shares during the period. Triumph Capital Management purchased a new position in Williams-Sonoma in the third quarter valued at $37,000. Finally, Quarry LP increased its holdings in Williams-Sonoma by 99.0% in the first quarter. Quarry LP now owns 199 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 99 shares in the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

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.