Williams-Sonoma (NYSE:WSM) PT Raised to $205.00 at Argus

Williams-Sonoma (NYSE:WSM) had its target price lifted by research analysts at Argus from $185.00 to $205.00 in a research note issued on Tuesday, The Fly reports. Argus’ target price points to a potential upside of 14.78% from the company’s previous close.

Several other analysts also recently weighed in on the company. UBS Group downgraded Williams-Sonoma from a “neutral” rating to a “sell” rating and set a $110.00 price objective for the company. in a report on Monday, February 1st. Oppenheimer restated a “hold” rating and issued a $136.00 price objective on shares of Williams-Sonoma in a report on Thursday, March 18th. Royal Bank of Canada lifted their price objective on Williams-Sonoma from $135.00 to $158.00 and gave the company a “sector perform” rating in a report on Wednesday, March 24th. Gordon Haskett upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating in a report on Wednesday, March 24th. Finally, Barclays boosted their target price on shares of Williams-Sonoma from $144.00 to $187.00 and gave the stock an “overweight” rating in a report on Wednesday, March 24th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. Williams-Sonoma has a consensus rating of “Hold” and a consensus price target of $142.68.

Shares of WSM opened at $178.61 on Tuesday. The firm has a market capitalization of $13.61 billion, a P/E ratio of 34.41, a P/E/G ratio of 2.61 and a beta of 1.63. Williams-Sonoma has a 12-month low of $45.58 and a 12-month high of $188.23. The company has a current ratio of 1.36, a quick ratio of 0.73 and a debt-to-equity ratio of 0.22. The firm has a fifty day moving average price of $149.89 and a 200-day moving average price of $118.33.

Williams-Sonoma (NYSE:WSM) last issued its earnings results on Tuesday, March 16th. The specialty retailer reported $3.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.22 by $0.73. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.18 billion. Williams-Sonoma had a net margin of 6.83% and a return on equity of 36.53%. The business’s revenue was up 24.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.13 earnings per share. Analysts predict that Williams-Sonoma will post 6.38 earnings per share for the current year.

In other news, insider Ryan Ross sold 4,420 shares of the company’s stock in a transaction that occurred on Tuesday, March 23rd. The stock was sold at an average price of $180.00, for a total transaction of $795,600.00. Following the completion of the transaction, the insider now directly owns 10,860 shares of the company’s stock, valued at approximately $1,954,800. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Laura Alber sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 12th. The stock was sold at an average price of $115.36, for a total value of $1,730,400.00. Following the transaction, the chief executive officer now directly owns 414,294 shares of the company’s stock, valued at $47,792,955.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,420 shares of company stock worth $3,793,700. Insiders own 1.50% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. DB Wealth Management Group LLC acquired a new position in shares of Williams-Sonoma during the 4th quarter worth approximately $28,000. Simon Quick Advisors LLC acquired a new position in shares of Williams-Sonoma during the 4th quarter worth approximately $28,000. JJJ Advisors Inc. raised its stake in Williams-Sonoma by 594.0% in the 4th quarter. JJJ Advisors Inc. now owns 347 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 297 shares during the last quarter. Twin Tree Management LP acquired a new position in Williams-Sonoma in the 4th quarter valued at $39,000. Finally, Optimum Investment Advisors acquired a new position in Williams-Sonoma in the 4th quarter valued at $51,000. 98.58% 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 brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.

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The Fly

Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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