Williams-Sonoma, Inc. (NYSE:WSM) Receives $175.57 Consensus Target Price from Analysts

Shares of Williams-Sonoma, Inc. (NYSE:WSM) have earned an average recommendation of “Hold” from the twenty-three brokerages that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $175.35.

A number of research analysts recently issued reports on the company. The Goldman Sachs Group lowered Williams-Sonoma from a “neutral” rating to a “sell” rating and decreased their target price for the company from $193.00 to $154.00 in a report on Thursday, July 22nd. UBS Group lifted their target price on Williams-Sonoma from $115.00 to $141.00 and gave the company a “sell” rating in a report on Thursday, August 26th. Telsey Advisory Group lifted their target price on Williams-Sonoma from $205.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, August 26th. Credit Suisse Group lifted their price target on Williams-Sonoma from $144.00 to $155.00 and gave the stock an “underperform” rating in a report on Thursday, August 26th. Finally, BNP Paribas began coverage on Williams-Sonoma in a report on Friday, July 16th. They set a “neutral” rating and a $179.00 price target for the company.

Shares of NYSE WSM traded down $0.65 during trading on Thursday, reaching $182.27. The stock had a trading volume of 1,608 shares, compared to its average volume of 1,213,308. Williams-Sonoma has a fifty-two week low of $84.25 and a fifty-two week high of $204.41. The business’s 50-day moving average price is $167.25 and its 200-day moving average price is $166.85. The company has a market cap of $13.55 billion, a P/E ratio of 14.55, a PEG ratio of 1.15 and a beta of 1.68.

Williams-Sonoma (NYSE:WSM) last released its earnings results on Tuesday, August 24th. The specialty retailer reported $3.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.55 by $0.69. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.80 billion. Williams-Sonoma had a return on equity of 65.88% and a net margin of 12.70%. Williams-Sonoma’s revenue was up 30.7% compared to the same quarter last year. During the same period last year, the business posted $1.80 earnings per share. Research analysts expect that Williams-Sonoma will post 13.22 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 26th. Shareholders of record on Friday, October 22nd will be given a dividend of $0.71 per share. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.59. The ex-dividend date is Thursday, October 21st. This represents a $2.84 annualized dividend and a yield of 1.56%. Williams-Sonoma’s payout ratio is presently 26.11%.

In other news, insider Ryan Ross sold 2,400 shares of the company’s stock in a transaction on Wednesday, July 7th. The stock was sold at an average price of $165.00, for a total transaction of $396,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Laura Alber sold 15,000 shares of the stock in a transaction on Thursday, August 12th. The shares were sold at an average price of $164.26, for a total value of $2,463,900.00. Following the completion of the sale, the chief executive officer now owns 522,974 shares of the company’s stock, valued at $85,903,709.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,450 shares of company stock worth $10,280,450. Insiders own 1.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Optimum Investment Advisors bought a new stake in shares of Williams-Sonoma during the second quarter valued at approximately $48,000. Newbridge Financial Services Group Inc. raised its holdings in shares of Williams-Sonoma by 32,500.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 326 shares of the specialty retailer’s stock valued at $52,000 after buying an additional 325 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Williams-Sonoma by 116.8% during the first quarter. Fifth Third Bancorp now owns 297 shares of the specialty retailer’s stock valued at $53,000 after buying an additional 160 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Williams-Sonoma during the first quarter valued at approximately $56,000. Finally, Dark Forest Capital Management LP bought a new stake in shares of Williams-Sonoma during the second quarter valued at approximately $60,000. 91.96% of the stock is currently owned by hedge funds and other institutional investors.

About Williams-Sonoma

Williams-Sonoma, Inc engages in the retailing of home products. It operates through the following segments: Pottery Barn, West Elm, Williams Sonoma, Pottery Barn Kids and Teen and Other. The Other segment includes net revenues from international franchise operations, Rejuvenation and Mark and Graham.

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Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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