Williams-Sonoma (NYSE:WSM) PT Lowered to $300.00

Williams-Sonoma (NYSE:WSM) had its target price dropped by investment analysts at Evercore ISI from $315.00 to $300.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an “in-line” rating on the specialty retailer’s stock. Evercore ISI’s price objective would indicate a potential upside of 6.30% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. UBS Group lifted their price objective on Williams-Sonoma from $195.00 to $255.00 and gave the stock a “sell” rating in a research note on Tuesday, March 19th. Robert W. Baird lifted their price objective on Williams-Sonoma from $200.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, March 14th. Barclays lifted their price objective on Williams-Sonoma from $146.00 to $232.00 and gave the stock an “underweight” rating in a research note on Friday, March 15th. Bank of America lifted their price objective on Williams-Sonoma from $250.00 to $298.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Finally, Telsey Advisory Group lifted their price objective on Williams-Sonoma from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $248.06.

Williams-Sonoma Stock Down 0.1 %

WSM stock opened at $282.23 on Tuesday. The company has a market cap of $18.09 billion, a P/E ratio of 19.37, a PEG ratio of 2.42 and a beta of 1.70. Williams-Sonoma has a twelve month low of $109.44 and a twelve month high of $319.78. The business has a fifty day moving average of $266.86 and a 200-day moving average of $211.90.

Williams-Sonoma (NYSE:WSM) last released its earnings results on Wednesday, March 13th. The specialty retailer reported $5.44 earnings per share for the quarter, topping analysts’ consensus estimates of $5.06 by $0.38. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.22 billion. Williams-Sonoma had a return on equity of 55.15% and a net margin of 12.25%. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.50 earnings per share. As a group, equities research analysts anticipate that Williams-Sonoma will post 15.37 earnings per share for the current fiscal year.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, CEO Marta Benson sold 2,184 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $313.98, for a total value of $685,732.32. Following the completion of the transaction, the chief executive officer now directly owns 48,364 shares of the company’s stock, valued at $15,185,328.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Karalyn Smith sold 1,145 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $289.06, for a total transaction of $330,973.70. Following the completion of the transaction, the executive vice president now directly owns 6,966 shares of the company’s stock, valued at $2,013,591.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Marta Benson sold 2,184 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $313.98, for a total value of $685,732.32. Following the transaction, the chief executive officer now directly owns 48,364 shares of the company’s stock, valued at $15,185,328.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,145 shares of company stock valued at $12,182,219. Company insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. MCF Advisors LLC bought a new stake in Williams-Sonoma during the fourth quarter worth about $25,000. Bessemer Group Inc. raised its holdings in Williams-Sonoma by 863.6% during the fourth quarter. Bessemer Group Inc. now owns 212 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 190 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in Williams-Sonoma by 129.3% during the third quarter. Loomis Sayles & Co. L P now owns 188 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 106 shares in the last quarter. Denali Advisors LLC bought a new stake in Williams-Sonoma during the third quarter worth about $32,000. Finally, Northwest Investment Counselors LLC bought a new stake in Williams-Sonoma during the first quarter worth about $32,000. 99.29% of the stock is 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.