Wedbush Trims Williams-Sonoma (NYSE:WSM) Target Price to $175.00

Williams-Sonoma (NYSE:WSM) had its price target decreased by Wedbush from $350.00 to $175.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the specialty retailer’s stock. Wedbush’s price target suggests a potential upside of 9.81% from the stock’s current price.

Several other research analysts have also commented on the company. StockNews.com lowered Williams-Sonoma from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Royal Bank of Canada restated an “outperform” rating and issued a $150.00 price target on shares of Williams-Sonoma in a research report on Friday, June 7th. UBS Group boosted their price objective on shares of Williams-Sonoma from $97.50 to $127.50 and gave the company a “sell” rating in a research report on Tuesday, March 19th. Telsey Advisory Group decreased their target price on Williams-Sonoma from $340.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Evercore ISI increased their price target on Williams-Sonoma from $155.00 to $157.50 and gave the stock an “in-line” rating in a research report on Tuesday, May 14th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $131.69.

Williams-Sonoma Price Performance

WSM traded up $4.49 on Tuesday, reaching $159.36. The company’s stock had a trading volume of 337,061 shares, compared to its average volume of 2,064,341. Williams-Sonoma has a 1 year low of $62.11 and a 1 year high of $174.26. The stock has a market cap of $20.50 billion, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 2.69 and a beta of 1.75. The business’s 50 day moving average is $149.49 and its 200 day moving average is $133.44.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Wednesday, May 22nd. The specialty retailer reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.65. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.65 billion. Williams-Sonoma had a net margin of 13.83% and a return on equity of 54.50%. As a group, research analysts forecast that Williams-Sonoma will post 7.25 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP David Randolph King sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $143.93, for a total value of $2,878,500.00. Following the completion of the sale, the executive vice president now owns 101,024 shares in the company, valued at approximately $14,539,879.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Williams-Sonoma news, insider Monica Bhargava sold 17,862 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $149.14, for a total value of $2,663,938.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP David Randolph King sold 20,000 shares of Williams-Sonoma stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $143.93, for a total value of $2,878,500.00. Following the sale, the executive vice president now directly owns 101,024 shares in the company, valued at $14,539,879.20. The disclosure for this sale can be found here. Insiders have sold 77,862 shares of company stock worth $11,913,039 in the last three months. 1.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of WSM. Gleason Group Inc. increased its stake in shares of Williams-Sonoma by 0.4% in the 1st quarter. Gleason Group Inc. now owns 8,969 shares of the specialty retailer’s stock valued at $2,848,000 after buying an additional 36 shares during the period. FinTrust Capital Advisors LLC boosted its stake in shares of Williams-Sonoma by 9.5% in the 4th quarter. FinTrust Capital Advisors LLC now owns 521 shares of the specialty retailer’s stock valued at $105,000 after purchasing an additional 45 shares during the last quarter. Strategic Blueprint LLC grew its position in shares of Williams-Sonoma by 4.9% during the 1st quarter. Strategic Blueprint LLC now owns 1,054 shares of the specialty retailer’s stock worth $335,000 after buying an additional 49 shares during the period. Motley Fool Asset Management LLC raised its stake in shares of Williams-Sonoma by 4.4% during the first quarter. Motley Fool Asset Management LLC now owns 1,225 shares of the specialty retailer’s stock worth $389,000 after buying an additional 52 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its holdings in Williams-Sonoma by 30.5% in the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the specialty retailer’s stock valued at $47,000 after buying an additional 54 shares during the period. Institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Company Profile

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.