Williams-Sonoma (WSM) Receives Market Perform Rating from Telsey Advisory Group

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Williams-Sonoma (NYSE:WSM)‘s stock had its “market perform” rating reaffirmed by investment analysts at Telsey Advisory Group in a report issued on Thursday, August 23rd, Marketbeat.com reports. They presently have a $69.00 price objective on the specialty retailer’s stock, up from their prior price objective of $64.00. Telsey Advisory Group’s price target suggests a potential upside of 1.63% from the stock’s previous close.

Several other brokerages have also recently issued reports on WSM. Zacks Investment Research raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a report on Friday, July 20th. Argus set a $67.00 target price on shares of Williams-Sonoma and gave the stock a “buy” rating in a report on Friday, July 13th. Morgan Stanley lifted their target price on shares of Williams-Sonoma from $51.00 to $53.00 and gave the stock an “equal weight” rating in a report on Thursday, May 24th. Deutsche Bank lifted their price target on shares of Williams-Sonoma from $50.00 to $53.00 and gave the stock a “hold” rating in a research note on Thursday, May 24th. Finally, Deutsche Bank lifted their price target on shares of Williams-Sonoma from $50.00 to $53.00 and gave the stock a “hold” rating in a research note on Thursday, May 24th. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $59.04.

Shares of WSM traded up $0.09 during trading hours on Thursday, reaching $67.89. 1,267,457 shares of the company traded hands, compared to its average volume of 2,857,726. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 2.05 and a beta of 0.80. The company has a current ratio of 1.56, a quick ratio of 0.40 and a debt-to-equity ratio of 0.28. Williams-Sonoma has a 12 month low of $44.01 and a 12 month high of $73.99.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Wednesday, August 22nd. The specialty retailer reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. Williams-Sonoma had a net margin of 4.84% and a return on equity of 28.68%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the company posted $0.61 EPS. Williams-Sonoma’s revenue was up 6.1% on a year-over-year basis. research analysts forecast that Williams-Sonoma will post 4.34 EPS for the current fiscal year.

In other news, insider Janet Hayes sold 4,895 shares of the stock in a transaction on Friday, June 29th. The shares were sold at an average price of $61.34, for a total value of $300,259.30. Following the sale, the insider now owns 59,265 shares of the company’s stock, valued at $3,635,315.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP David Randolph King sold 24,323 shares of the company’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $68.88, for a total transaction of $1,675,368.24. Following the completion of the transaction, the executive vice president now owns 17,589 shares in the company, valued at $1,211,530.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,594 shares of company stock worth $3,257,183. 1.00% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the business. Moody Aldrich Partners LLC bought a new position in Williams-Sonoma during the 2nd quarter worth about $125,338,000. Advisors Asset Management Inc. lifted its position in shares of Williams-Sonoma by 79.7% during the second quarter. Advisors Asset Management Inc. now owns 128,863 shares of the specialty retailer’s stock valued at $4,432,000 after buying an additional 57,154 shares during the last quarter. Phocas Financial Corp. purchased a new stake in shares of Williams-Sonoma during the second quarter valued at about $2,773,000. Moneta Group Investment Advisors LLC purchased a new stake in shares of Williams-Sonoma during the second quarter valued at about $433,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Williams-Sonoma during the second quarter valued at about $2,400,000.

About Williams-Sonoma

Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including 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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