Analysts’ Weekly Ratings Changes for Williams-Sonoma (WSM)

A number of firms have modified their ratings and price targets on shares of Williams-Sonoma (NYSE: WSM) recently:

• 4/16/2024 – Williams-Sonoma had its price target lowered by analysts at Evercore ISI from $315.00 to $300.00. They now have an “in-line” rating on the stock.
• 4/8/2024 – Williams-Sonoma was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 4/3/2024 – Williams-Sonoma had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 3/30/2024 – Williams-Sonoma was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 3/26/2024 – Williams-Sonoma had its price target raised by analysts at Evercore ISI from $300.00 to $320.00. They now have an “in-line” rating on the stock.
• 3/25/2024 – Williams-Sonoma had its price target raised by analysts at Telsey Advisory Group from $320.00 to $340.00. They now have an “outperform” rating on the stock.
• 3/22/2024 – Williams-Sonoma was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 3/21/2024 – Williams-Sonoma had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $330.00 price target on the stock.
• 3/21/2024 – Williams-Sonoma had its price target raised by analysts at Bank of America Co. from $250.00 to $298.00. They now have a “neutral” rating on the stock.
• 3/19/2024 – Williams-Sonoma had its price target raised by analysts at UBS Group AG from $195.00 to $255.00. They now have a “sell” rating on the stock.
• 3/15/2024 – Williams-Sonoma had its price target raised by analysts at Barclays PLC from $146.00 to $232.00. They now have an “underweight” rating on the stock.
• 3/15/2024 – Williams-Sonoma had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
• 3/15/2024 – Williams-Sonoma had its price target raised by analysts at Loop Capital from $220.00 to $290.00. They now have a “hold” rating on the stock.
• 3/14/2024 – Williams-Sonoma had its price target raised by analysts at Royal Bank of Canada from $261.00 to $295.00. They now have an “outperform” rating on the stock.
• 3/14/2024 – Williams-Sonoma had its price target raised by analysts at TD Cowen from $260.00 to $320.00. They now have an “outperform” rating on the stock.
• 3/14/2024 – Williams-Sonoma had its price target raised by analysts at Robert W. Baird from $200.00 to $300.00. They now have a “neutral” rating on the stock.
• 3/14/2024 – Williams-Sonoma was upgraded by analysts at The Goldman Sachs Group, Inc. from a “sell” rating to a “neutral” rating. They now have a $263.00 price target on the stock, up previously from $154.00.
• 3/14/2024 – Williams-Sonoma had its price target raised by analysts at Evercore ISI from $240.00 to $300.00. They now have an “in-line” rating on the stock.
• 3/14/2024 – Williams-Sonoma was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating. They now have a $270.00 price target on the stock, up previously from $155.00.
• 3/13/2024 – Williams-Sonoma had its “sell” rating reaffirmed by analysts at The Goldman Sachs Group, Inc.. They now have a $154.00 price target on the stock.
• 3/13/2024 – Williams-Sonoma was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 3/11/2024 – Williams-Sonoma had its price target raised by analysts at Telsey Advisory Group from $215.00 to $265.00. They now have an “outperform” rating on the stock.
• 3/7/2024 – Williams-Sonoma had its price target raised by analysts at Wedbush from $230.00 to $280.00. They now have an “outperform” rating on the stock.
• 3/5/2024 – Williams-Sonoma had its price target raised by analysts at Bank of America Co. from $222.00 to $250.00. They now have a “neutral” rating on the stock.
• 3/5/2024 – Williams-Sonoma had its “hold” rating reaffirmed by analysts at Loop Capital. They now have a $220.00 price target on the stock, up previously from $200.00.

Williams-Sonoma Stock Performance

NYSE WSM opened at $282.23 on Thursday. The business has a 50 day simple moving average of $266.86 and a 200 day simple moving average of $211.90. Williams-Sonoma, Inc. has a 52-week low of $109.44 and a 52-week high of $319.78. The stock has a market cap of $18.09 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 2.37 and a beta of 1.70.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Wednesday, March 13th. The specialty retailer reported $5.44 earnings per share for the quarter, topping the consensus estimate of $5.06 by $0.38. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Williams-Sonoma had a net margin of 12.25% and a return on equity of 55.15%. The business’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period last year, the business earned $5.50 EPS. On average, analysts predict that Williams-Sonoma, Inc. will post 15.37 EPS for the current year.

Williams-Sonoma Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, April 19th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.90. This represents a $4.52 annualized dividend and a dividend yield of 1.60%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 24.71%.

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, CEO Marta Benson sold 2,184 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $313.98, for a total transaction of $685,732.32. Following the completion of the sale, the chief executive officer now owns 48,364 shares of the company’s stock, valued at approximately $15,185,328.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Karalyn Smith sold 1,145 shares of Williams-Sonoma stock in a transaction on 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 sale, the executive vice president now 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 Williams-Sonoma stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $313.98, for a total value of $685,732.32. Following the sale, the chief executive officer now directly owns 48,364 shares of the company’s stock, valued at approximately $15,185,328.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,145 shares of company stock valued at $12,182,219. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WSM. Norges Bank bought a new position in Williams-Sonoma in the fourth quarter valued at about $152,843,000. Holocene Advisors LP bought a new stake in shares of Williams-Sonoma during the second quarter worth about $56,497,000. Steadfast Capital Management LP bought a new stake in shares of Williams-Sonoma during the first quarter worth about $50,715,000. First Trust Advisors LP grew its holdings in shares of Williams-Sonoma by 24.1% during the first quarter. First Trust Advisors LP now owns 1,408,911 shares of the specialty retailer’s stock worth $204,292,000 after purchasing an additional 273,424 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Williams-Sonoma during the first quarter worth about $29,782,000. Institutional investors own 99.29% of the company’s stock.

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.