TD Cowen Cuts Williams-Sonoma (NYSE:WSM) Price Target to $170.00

Williams-Sonoma (NYSE:WSM) had its target price lowered by investment analysts at TD Cowen from $340.00 to $170.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the specialty retailer’s stock. TD Cowen’s target price points to a potential upside of 9.65% from the stock’s previous close.

Several other research firms have also commented on WSM. Morgan Stanley lifted their price target on shares of Williams-Sonoma from $135.00 to $145.00 and gave the company an “equal weight” rating in a report on Thursday, May 23rd. Wedbush lifted their price objective on shares of Williams-Sonoma from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Bank of America lifted their price objective on shares of Williams-Sonoma from $125.00 to $149.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. lifted their price objective 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. Finally, Evercore ISI lifted their price objective on shares of Williams-Sonoma from $155.00 to $157.50 and gave the company an “in-line” rating in a research report on Tuesday, May 14th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $131.69.

Williams-Sonoma Trading Down 2.2 %

WSM stock traded down $3.56 during mid-day trading on Monday, hitting $155.04. 689,933 shares of the company were exchanged, compared to its average volume of 2,072,610. The company has a market capitalization of $19.94 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 2.69 and a beta of 1.75. Williams-Sonoma has a twelve month low of $62.11 and a twelve month high of $174.26. The firm has a fifty day simple moving average of $149.47 and a 200 day simple moving average of $133.06.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Wednesday, May 22nd. The specialty retailer reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.65. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.65 billion. Williams-Sonoma had a net margin of 13.83% and a return on equity of 54.50%. As a group, sell-side analysts anticipate that Williams-Sonoma will post 7.25 earnings per share for the current year.

Insider Activity

In other news, insider Monica Bhargava sold 17,862 shares of the business’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 this link. In other news, insider Monica Bhargava sold 17,862 shares of the business’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 this link. Also, CEO Laura Alber sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $159.27, for a total transaction of $6,370,600.00. Following the sale, the chief executive officer now owns 1,111,100 shares in the company, valued at approximately $176,959,341.50. The disclosure for this sale can be found here. Insiders have sold 77,862 shares of company stock worth $11,913,039 over the last 90 days. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. First Trust Direct Indexing L.P. acquired a new position in Williams-Sonoma in the 4th quarter valued at approximately $274,000. Sapient Capital LLC bought a new stake in Williams-Sonoma in the fourth quarter worth approximately $220,000. PNC Financial Services Group Inc. grew its position in Williams-Sonoma by 0.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 64,062 shares of the specialty retailer’s stock worth $12,927,000 after acquiring an additional 382 shares in the last quarter. Handelsbanken Fonder AB grew its position in Williams-Sonoma by 425.3% in the fourth quarter. Handelsbanken Fonder AB now owns 78,060 shares of the specialty retailer’s stock worth $15,751,000 after acquiring an additional 63,200 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in Williams-Sonoma in the fourth quarter worth approximately $3,632,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

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.