Williams-Sonoma (NYSE:WSM) Given “Neutral” Rating at Wedbush

Williams-Sonoma (NYSE:WSM)‘s stock had its “neutral” rating reaffirmed by Wedbush in a research report issued on Friday,RTT News reports. They currently have a $190.00 price objective on the specialty retailer’s stock, up from their previous price objective of $175.00. Wedbush’s price target would indicate a potential downside of 1.44% from the company’s previous close.

A number of other equities analysts have also recently commented on WSM. Citigroup lowered their price target on Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Gordon Haskett raised Williams-Sonoma to a “hold” rating in a research note on Thursday, February 13th. Wells Fargo & Company raised their price target on shares of Williams-Sonoma from $165.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Evercore ISI lifted their price target on shares of Williams-Sonoma from $140.00 to $180.00 and gave the company an “in-line” rating in a report on Thursday, November 21st. Finally, Telsey Advisory Group increased their price objective on shares of Williams-Sonoma from $165.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $173.28.

Williams-Sonoma Stock Performance

Shares of NYSE WSM traded up $0.49 during trading hours on Friday, hitting $192.77. 277,666 shares of the stock were exchanged, compared to its average volume of 1,263,748. Williams-Sonoma has a 1-year low of $115.79 and a 1-year high of $219.98. The company has a market cap of $23.73 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 2.89 and a beta of 1.79. The company’s fifty day simple moving average is $201.24 and its two-hundred day simple moving average is $167.62.

Insider Transactions at Williams-Sonoma

In other Williams-Sonoma news, CFO Jeffrey Howie sold 3,160 shares of Williams-Sonoma stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $177.39, for a total value of $560,552.40. Following the completion of the sale, the chief financial officer now directly owns 46,388 shares in the company, valued at approximately $8,228,767.32. The trade was a 6.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Laura Alber sold 45,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $207.76, for a total value of $9,349,200.00. Following the transaction, the chief executive officer now owns 944,666 shares in the company, valued at $196,263,808.16. The trade was a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of WSM. Smithfield Trust Co raised its holdings in shares of Williams-Sonoma by 100.0% during the third quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 80 shares during the period. Cassady Schiller Wealth Management LLC increased its position in Williams-Sonoma by 100.0% in the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 83 shares in the last quarter. Brooklyn Investment Group acquired a new position in Williams-Sonoma during the 3rd quarter worth approximately $28,000. HM Payson & Co. boosted its holdings in Williams-Sonoma by 100.0% in the third quarter. HM Payson & Co. now owns 200 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 100 shares in the last quarter. Finally, Sittner & Nelson LLC grew its stake in Williams-Sonoma by 100.0% in the third quarter. Sittner & Nelson LLC now owns 200 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

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.