Williams-Sonoma (NYSE:WSM) Given New $125.00 Price Target at Robert W. Baird

Williams-Sonoma (NYSE:WSM – Get Rating) had its price target lowered by stock analysts at Robert W. Baird from $130.00 to $125.00 in a report issued on Wednesday, The Fly reports. Robert W. Baird’s price target would indicate a potential upside of 12.45% from the stock’s current price.

A number of other research analysts have also issued reports on WSM. Royal Bank of Canada reduced their price objective on Williams-Sonoma from $151.00 to $143.00 and set an “outperform” rating for the company in a research report on Friday, March 17th. Bank of America reduced their price objective on Williams-Sonoma from $114.00 to $108.00 in a research report on Friday, March 17th. Loop Capital reduced their price target on Williams-Sonoma from $205.00 to $185.00 in a research report on Friday, March 17th. Barclays reduced their price target on Williams-Sonoma from $135.00 to $126.00 in a research report on Wednesday. Finally, Telsey Advisory Group reduced their price target on Williams-Sonoma from $155.00 to $142.00 and set an “outperform” rating for the company in a research report on Tuesday, March 14th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $127.18.

Williams-Sonoma Price Performance

NYSE:WSM opened at $111.16 on Wednesday. Williams-Sonoma has a 12-month low of $106.66 and a 12-month high of $176.89. The firm has a market capitalization of $7.30 billion, a P/E ratio of 7.30, a P/E/G ratio of 0.84 and a beta of 1.61. The business has a 50 day simple moving average of $117.62 and a 200 day simple moving average of $121.31.

Williams-Sonoma (NYSE:WSM – Get Rating) last released its quarterly earnings data on Tuesday, May 23rd. The specialty retailer reported $2.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.23. Williams-Sonoma had a return on equity of 72.68% and a net margin of 12.07%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the firm posted $3.50 EPS. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. Research analysts anticipate that Williams-Sonoma will post 13.32 EPS for the current fiscal year.

Institutional Trading of Williams-Sonoma

A number of hedge funds and other institutional investors have recently modified their holdings of WSM. Bessemer Group Inc. raised its position in shares of Williams-Sonoma by 863.6% during the fourth quarter. Bessemer Group Inc. now owns 212 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 190 shares during the period. Quarry LP raised its position in shares of Williams-Sonoma by 229.8% during the first quarter. Quarry LP now owns 277 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 193 shares during the period. Whittier Trust Co. raised its position in shares of Williams-Sonoma by 210.0% during the fourth quarter. Whittier Trust Co. now owns 310 shares of the specialty retailer’s stock worth $36,000 after purchasing an additional 210 shares during the period. Global Retirement Partners LLC raised its position in shares of Williams-Sonoma by 535.1% during the first quarter. Global Retirement Partners LLC now owns 362 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 305 shares during the period. Finally, CoreCap Advisors LLC acquired a new stake in shares of Williams-Sonoma during the fourth quarter worth $43,000. Institutional investors own 99.49% of the company’s stock.

About Williams-Sonoma

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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.