Williams-Sonoma (NYSE:WSM) Price Target Lowered to $145.00 at Wells Fargo & Company

Williams-Sonoma (NYSE:WSM) had its target price decreased by research analysts at Wells Fargo & Company from $158.00 to $145.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 5.35% from the company’s current price.

WSM has been the topic of several other research reports. TD Cowen lowered their price objective on shares of Williams-Sonoma from $340.00 to $170.00 and set a “buy” rating on the stock in a research report on Monday, July 15th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $170.00 price target on shares of Williams-Sonoma in a report on Monday. Evercore ISI reduced their price objective on Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating for the company in a report on Wednesday, August 7th. Wedbush decreased their target price on Williams-Sonoma from $350.00 to $175.00 and set an “outperform” rating for the company in a research report on Tuesday, July 16th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $150.00 price target on shares of Williams-Sonoma in a research report on Friday, June 7th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Williams-Sonoma has an average rating of “Hold” and an average price target of $138.77.

Williams-Sonoma Trading Down 2.0 %

Shares of WSM opened at $137.63 on Monday. The stock has a 50 day moving average of $147.21 and a 200 day moving average of $141.58. Williams-Sonoma has a 12 month low of $62.44 and a 12 month high of $174.26. The company has a market capitalization of $17.70 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 2.34 and a beta of 1.75.

Williams-Sonoma (NYSE:WSM) last released its earnings results on Wednesday, May 22nd. The specialty retailer reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.65. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Williams-Sonoma had a return on equity of 54.50% and a net margin of 13.83%. As a group, equities research analysts predict that Williams-Sonoma will post 7.24 earnings per share for the current year.

Insider Activity

In related news, insider Monica Bhargava sold 17,862 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $149.14, for a total transaction of $2,663,938.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Monica Bhargava sold 17,862 shares of Williams-Sonoma stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $149.14, for a total transaction of $2,663,938.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Laura Alber sold 40,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $156.45, for a total value of $6,258,000.00. Following the transaction, the chief executive officer now owns 1,070,956 shares of the company’s stock, valued at $167,551,066.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,862 shares of company stock worth $11,800,439. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WSM. Norges Bank bought a new stake in Williams-Sonoma during the fourth quarter valued at approximately $152,843,000. Renaissance Technologies LLC lifted its holdings in shares of Williams-Sonoma by 536.3% during the 2nd quarter. Renaissance Technologies LLC now owns 383,700 shares of the specialty retailer’s stock worth $108,345,000 after acquiring an additional 323,400 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Williams-Sonoma by 28.6% during the 2nd quarter. Pacer Advisors Inc. now owns 964,910 shares of the specialty retailer’s stock worth $272,462,000 after acquiring an additional 214,669 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Williams-Sonoma in the second quarter worth $58,213,000. Finally, Captrust Financial Advisors increased its stake in Williams-Sonoma by 37.5% in the first quarter. Captrust Financial Advisors now owns 704,919 shares of the specialty retailer’s stock valued at $223,833,000 after acquiring an additional 192,432 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors.

About Williams-Sonoma

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.