Williams-Sonoma (NYSE:WSM) Rating Reiterated by Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Williams-Sonoma (NYSE:WSM) in a research note released on Monday morning, Benzinga reports. They currently have a $170.00 price objective on the specialty retailer’s stock. Telsey Advisory Group also issued estimates for Williams-Sonoma’s FY2025 earnings at $8.04 EPS.

A number of other research analysts have also commented on WSM. TD Cowen lowered their price target on Williams-Sonoma from $340.00 to $170.00 and set a buy rating on the stock in a report on Monday, July 15th. Morgan Stanley increased their price objective on Williams-Sonoma from $135.00 to $145.00 and gave the stock an equal weight rating in a report on Thursday, May 23rd. Royal Bank of Canada reaffirmed an outperform rating and set a $150.00 price objective on shares of Williams-Sonoma in a research report on Friday, June 7th. Evercore ISI reduced their price objective on shares of Williams-Sonoma from $155.00 to $135.00 and set an in-line rating for the company in a research note on Wednesday, August 7th. Finally, Wedbush reduced their target price on Williams-Sonoma from $350.00 to $175.00 and set an outperform rating for the company in a report on Tuesday, July 16th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Williams-Sonoma presently has an average rating of Hold and a consensus price target of $138.77.

Williams-Sonoma Trading Down 9.2 %

WSM stock opened at $130.61 on Monday. The stock’s 50 day simple moving average is $146.38 and its 200 day simple moving average is $141.52. Williams-Sonoma has a 12-month low of $65.23 and a 12-month high of $174.26. The firm has a market cap of $16.80 billion, a P/E ratio of 16.04, a P/E/G ratio of 2.34 and a beta of 1.75.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Wednesday, May 22nd. The specialty retailer reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.65. Williams-Sonoma had a net margin of 13.83% and a return on equity of 54.50%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.65 billion. On average, research analysts forecast that Williams-Sonoma will post 7.24 EPS for the current fiscal year.

Williams-Sonoma Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, July 19th will be paid a $0.57 dividend. The ex-dividend date is Friday, July 19th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.75%. Williams-Sonoma’s payout ratio is 27.99%.

Insider Buying and Selling

In other news, insider Monica Bhargava sold 17,862 shares of Williams-Sonoma stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $149.14, for a total transaction of $2,663,938.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $156.45, for a total transaction of $6,258,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,070,956 shares in the company, valued at $167,551,066.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Monica Bhargava sold 17,862 shares of Williams-Sonoma 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 disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. First Trust Direct Indexing L.P. acquired a new position in Williams-Sonoma during the 4th quarter worth about $274,000. PNC Financial Services Group Inc. raised its holdings in Williams-Sonoma by 0.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 64,062 shares of the specialty retailer’s stock worth $12,927,000 after buying an additional 382 shares during the period. Handelsbanken Fonder AB lifted its stake in Williams-Sonoma by 425.3% in the fourth quarter. Handelsbanken Fonder AB now owns 78,060 shares of the specialty retailer’s stock valued at $15,751,000 after buying an additional 63,200 shares in the last quarter. Greatmark Investment Partners Inc. boosted its holdings in shares of Williams-Sonoma by 4.6% in the fourth quarter. Greatmark Investment Partners Inc. now owns 7,219 shares of the specialty retailer’s stock valued at $1,457,000 after buying an additional 320 shares during the period. Finally, Chase Investment Counsel Corp bought a new position in shares of Williams-Sonoma during the fourth quarter worth about $1,210,000. 99.29% of the stock is owned by institutional investors and hedge funds.

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.