Williams-Sonoma (NYSE:WSM) Receives Outperform Rating from Telsey Advisory Group

Williams-Sonoma (NYSE:WSM)‘s stock had its “outperform” rating reaffirmed by Telsey Advisory Group in a research report issued on Friday,Benzinga reports. They presently have a $165.00 target price on the specialty retailer’s stock. Telsey Advisory Group’s price objective suggests a potential upside of 26.29% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Evercore ISI cut their price objective on Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating on the stock in a research report on Wednesday, August 7th. Wedbush downgraded Williams-Sonoma from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $150.00 to $135.00 in a research report on Wednesday, October 30th. Jefferies Financial Group upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and increased their target price for the stock from $148.00 to $156.00 in a research report on Wednesday, September 11th. Citigroup lowered their target price on shares of Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Finally, TD Cowen lifted their target price on Williams-Sonoma from $150.00 to $160.00 and gave the company a “buy” rating in a report on Monday, September 16th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Williams-Sonoma has an average rating of “Hold” and a consensus price target of $139.47.

Williams-Sonoma Stock Performance

Shares of WSM stock opened at $130.65 on Friday. The company has a market cap of $16.51 billion, a P/E ratio of 15.69, a PEG ratio of 2.57 and a beta of 1.76. Williams-Sonoma has a fifty-two week low of $80.49 and a fifty-two week high of $174.26. The stock has a 50 day simple moving average of $141.35 and a two-hundred day simple moving average of $144.50.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.13. Williams-Sonoma had a net margin of 14.29% and a return on equity of 51.57%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the business posted $1.56 EPS. Williams-Sonoma’s quarterly revenue was down 4.0% on a year-over-year basis. On average, research analysts predict that Williams-Sonoma will post 7.99 earnings per share for the current year.

Insiders Place Their Bets

In other Williams-Sonoma news, EVP Karalyn Smith sold 11,100 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $134.66, for a total transaction of $1,494,726.00. Following the completion of the sale, the executive vice president now directly owns 15,150 shares of the company’s stock, valued at $2,040,099. This trade represents a 42.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Laura Alber sold 40,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $145.27, for a total transaction of $5,810,800.00. Following the transaction, the chief executive officer now owns 1,030,956 shares of the company’s stock, valued at approximately $149,766,978.12. This represents a 3.73 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Williams-Sonoma

Several institutional investors have recently added to or reduced their stakes in the company. EntryPoint Capital LLC boosted its holdings in Williams-Sonoma by 520.0% during the 1st quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 78 shares during the period. Quest Partners LLC purchased a new stake in shares of Williams-Sonoma in the 2nd quarter worth approximately $26,000. Crewe Advisors LLC bought a new position in Williams-Sonoma in the second quarter worth approximately $29,000. Hobbs Group Advisors LLC bought a new stake in Williams-Sonoma during the 2nd quarter valued at $33,000. Finally, Smithfield Trust Co lifted its stake in shares of Williams-Sonoma by 100.0% during the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 80 shares during the last quarter. Hedge funds and other institutional investors 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.