Brokerages Set Williams-Sonoma, Inc. (NYSE:WSM) Price Target at $202.11

Williams-Sonoma, Inc. (NYSE:WSM) has been given a consensus rating of “Moderate Buy” by the nineteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $202.1111.

Several research analysts recently weighed in on WSM shares. Weiss Ratings upgraded Williams-Sonoma from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Evercore set a $215.00 target price on shares of Williams-Sonoma in a research report on Tuesday, February 10th. Zelman & Associates upgraded shares of Williams-Sonoma from an “underperform” rating to a “neutral” rating and set a $205.00 price target for the company in a research report on Thursday, January 29th. Wells Fargo & Company lifted their target price on shares of Williams-Sonoma from $190.00 to $205.00 and gave the company an “equal weight” rating in a report on Tuesday, November 11th. Finally, Citigroup decreased their price target on Williams-Sonoma from $202.00 to $188.00 and set a “neutral” rating on the stock in a research note on Thursday, November 20th.

Williams-Sonoma Price Performance

Shares of WSM stock opened at $205.29 on Friday. The company has a market capitalization of $24.51 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 3.08 and a beta of 1.64. The firm’s 50-day moving average is $204.17 and its two-hundred day moving average is $195.90. Williams-Sonoma has a 12 month low of $130.07 and a 12 month high of $222.00.

Williams-Sonoma Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, January 16th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, January 16th. Williams-Sonoma’s payout ratio is currently 29.04%.

Insider Transactions at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $207.39, for a total value of $7,258,650.00. Following the completion of the transaction, the chief executive officer owned 806,537 shares of the company’s stock, valued at $167,267,708.43. This trade represents a 4.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Karalyn Yearout sold 767 shares of Williams-Sonoma stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $205.16, for a total value of $157,357.72. Following the completion of the transaction, the executive vice president owned 13,236 shares of the company’s stock, valued at approximately $2,715,497.76. This trade represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Williams-Sonoma

Several hedge funds and other institutional investors have recently made changes to their positions in WSM. Caitong International Asset Management Co. Ltd acquired a new position in Williams-Sonoma during the 4th quarter worth approximately $25,000. True Wealth Design LLC raised its stake in Williams-Sonoma by 111.8% in the third quarter. True Wealth Design LLC now owns 144 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 76 shares in the last quarter. Atlantic Union Bankshares Corp lifted its holdings in Williams-Sonoma by 51.5% during the 4th quarter. Atlantic Union Bankshares Corp now owns 147 shares of the specialty retailer’s stock worth $26,000 after buying an additional 50 shares during the last quarter. MidFirst Bank purchased a new stake in Williams-Sonoma during the 4th quarter worth about $30,000. Finally, DV Equities LLC purchased a new stake in Williams-Sonoma during the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Company Profile

Williams‑Sonoma, Inc is a specialty retailer focused on the home and culinary markets, best known for premium cookware, kitchen tools and home furnishings. The company traces its roots to a single cookware store founded by Chuck Williams in 1956 in Sonoma, California, and has evolved into a multi‑brand home furnishings and housewares business. Its merchandise mix spans cookware and kitchen electrics, tabletop and food prep items, furniture, bedding, lighting and decorative accessories designed for both everyday use and higher‑end interiors.

The company operates a portfolio of consumer brands that target distinct segments of the home market.