Williams-Sonoma (NYSE:WSM) PT Raised to $160.00

Williams-Sonoma (NYSE:WSM) had its price target upped by TD Cowen from $150.00 to $160.00 in a research note published on Monday, Benzinga reports. They currently have a buy rating on the specialty retailer’s stock.

A number of other research firms have also recently commented on WSM. JPMorgan Chase & Co. upped their target price on shares of Williams-Sonoma from $137.50 to $155.00 and gave the company a neutral rating in a research report on Tuesday, June 4th. Wells Fargo & Company lowered their price objective on shares of Williams-Sonoma from $158.00 to $145.00 and set an equal weight rating for the company in a research report on Monday, August 19th. Morgan Stanley boosted their target price on Williams-Sonoma from $135.00 to $145.00 and gave the company an equal weight rating in a research report on Thursday, May 23rd. Jefferies Financial Group upgraded Williams-Sonoma from a hold rating to a buy rating and raised their price target for the stock from $148.00 to $156.00 in a research report on Wednesday, September 11th. Finally, Royal Bank of Canada cut their price objective on Williams-Sonoma from $150.00 to $147.00 and set an outperform rating on the stock in a report on Friday, August 23rd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Williams-Sonoma currently has a consensus rating of Hold and a consensus target price of $141.17.

Williams-Sonoma Stock Up 0.2 %

NYSE WSM opened at $147.49 on Monday. The business’s fifty day simple moving average is $142.23 and its 200-day simple moving average is $145.00. The firm has a market cap of $18.63 billion, a PE ratio of 18.11, a P/E/G ratio of 2.85 and a beta of 1.74. Williams-Sonoma has a 52 week low of $69.95 and a 52 week high of $174.26.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.13. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Williams-Sonoma had a net margin of 14.29% and a return on equity of 51.57%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.56 EPS. Research analysts expect that Williams-Sonoma will post 7.98 EPS for the current year.

Williams-Sonoma Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Friday, October 18th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, October 18th. Williams-Sonoma’s dividend payout ratio is presently 27.99%.

Insider Transactions at Williams-Sonoma

In related news, CEO Laura Alber sold 40,000 shares of the stock in a transaction on 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Karalyn Smith sold 11,100 shares of the business’s 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 owns 15,150 shares in the company, valued at approximately $2,040,099. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Laura Alber sold 40,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $156.45, for a total transaction of $6,258,000.00. Following the completion of the transaction, the chief executive officer now owns 1,070,956 shares of the company’s stock, valued at approximately $167,551,066.20. The disclosure for this sale can be found here. In the last three months, insiders sold 91,100 shares of company stock valued at $13,563,526. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Williams-Sonoma

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quest Partners LLC purchased a new position in shares of Williams-Sonoma during the second quarter worth about $26,000. Crewe Advisors LLC purchased a new position in Williams-Sonoma during the 2nd quarter worth approximately $29,000. EntryPoint Capital LLC increased its position in Williams-Sonoma by 520.0% during the first quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock worth $30,000 after buying an additional 78 shares during the period. Northwest Investment Counselors LLC purchased a new stake in Williams-Sonoma in the first quarter valued at approximately $32,000. Finally, Contravisory Investment Management Inc. acquired a new stake in shares of Williams-Sonoma in the first quarter valued at approximately $33,000. 99.29% of the stock is owned by hedge funds and other 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.