Williams-Sonoma (NYSE:WSM) Receives “Sell” Rating from UBS Group

Williams-Sonoma (NYSE:WSMGet Rating)‘s stock had its “sell” rating reiterated by equities research analysts at UBS Group in a research report issued on Friday, Stock Target Advisor reports. They currently have a $110.00 price objective on the specialty retailer’s stock. UBS Group’s price objective suggests a potential downside of 12.62% from the stock’s current price.

WSM has been the subject of a number of other research reports. The Goldman Sachs Group raised their target price on Williams-Sonoma from $100.00 to $138.00 and gave the company a “sell” rating in a report on Friday, August 26th. Morgan Stanley boosted their price target on Williams-Sonoma from $140.00 to $150.00 and gave the stock an “equal weight” rating in a report on Monday, August 29th. Royal Bank of Canada lifted their target price on Williams-Sonoma from $185.00 to $192.00 in a report on Thursday, August 25th. Citigroup raised their price objective on Williams-Sonoma to $156.00 in a research note on Monday, August 15th. Finally, Barclays increased their price target on Williams-Sonoma from $173.00 to $192.00 and gave the stock an “overweight” rating in a research note on Thursday, August 25th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Williams-Sonoma presently has an average rating of “Hold” and a consensus target price of $168.40.

Williams-Sonoma Price Performance

NYSE WSM traded down $3.12 on Friday, reaching $125.89. 17,057 shares of the company’s stock traded hands, compared to its average volume of 1,212,411. The stock has a 50-day simple moving average of $147.28 and a 200 day simple moving average of $138.15. The stock has a market cap of $8.40 billion, a PE ratio of 7.84, a P/E/G ratio of 1.44 and a beta of 1.60. Williams-Sonoma has a 12 month low of $101.58 and a 12 month high of $223.32.

Williams-Sonoma (NYSE:WSMGet Rating) last posted its quarterly earnings data on Wednesday, August 24th. The specialty retailer reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.40. Williams-Sonoma had a return on equity of 81.21% and a net margin of 13.68%. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the company earned $3.24 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, analysts anticipate that Williams-Sonoma will post 16.57 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Laura Alber sold 40,000 shares of the stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $151.94, for a total transaction of $6,077,600.00. Following the sale, the chief executive officer now owns 525,113 shares in the company, valued at $79,785,669.22. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Williams-Sonoma news, CFO Julie Whalen sold 5,000 shares of the business’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $140.66, for a total transaction of $703,300.00. Following the completion of the sale, the chief financial officer now directly owns 96,239 shares of the company’s stock, valued at approximately $13,536,977.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Laura Alber sold 40,000 shares of Williams-Sonoma stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $151.94, for a total value of $6,077,600.00. Following the completion of the sale, the chief executive officer now directly owns 525,113 shares in the company, valued at approximately $79,785,669.22. The disclosure for this sale can be found here. Insiders have sold 65,000 shares of company stock worth $9,789,500 in the last quarter. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Williams-Sonoma

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP grew its stake in Williams-Sonoma by 154.4% during the first quarter. Allworth Financial LP now owns 173 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 105 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in Williams-Sonoma during the second quarter valued at about $28,000. C M Bidwell & Associates Ltd. bought a new stake in Williams-Sonoma during the 2nd quarter valued at approximately $32,000. Artemis Wealth Advisors LLC bought a new stake in Williams-Sonoma in the first quarter worth $35,000. Finally, CWM LLC lifted its holdings in shares of Williams-Sonoma by 42.5% in the 1st quarter. CWM LLC now owns 285 shares of the specialty retailer’s stock worth $41,000 after acquiring an additional 85 shares during the last quarter. 93.74% of the stock is currently owned by institutional investors.

About Williams-Sonoma

(Get Rating)

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.

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