Williams-Sonoma (NYSE:WSM) Earns Outperform Rating from Telsey Advisory Group

Williams-Sonoma (NYSE:WSM)‘s stock had its “outperform” rating reissued by investment analysts at Telsey Advisory Group in a research note issued to investors on Monday, Benzinga reports. They presently have a $170.00 target price on the specialty retailer’s stock. Telsey Advisory Group’s target price points to a potential upside of 23.32% from the company’s current price.

WSM has been the subject of a number of other reports. Wedbush lowered their price target on Williams-Sonoma from $350.00 to $175.00 and set an “outperform” rating for the company in a research report on Tuesday, July 16th. Evercore ISI decreased their target price on Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $150.00 target price on shares of Williams-Sonoma in a research report on Friday, June 7th. Morgan Stanley raised their target price on Williams-Sonoma from $135.00 to $145.00 and gave the company an “equal weight” rating in a research report on Thursday, May 23rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Williams-Sonoma in a research report on Thursday, May 23rd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $134.10.

Williams-Sonoma Trading Down 2.3 %

NYSE WSM opened at $137.85 on Monday. The firm has a market capitalization of $17.73 billion, a P/E ratio of 16.92, a PEG ratio of 2.35 and a beta of 1.75. The business has a fifty day simple moving average of $147.61 and a 200 day simple moving average of $141.02. Williams-Sonoma has a 12 month low of $62.44 and a 12 month high of $174.26.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings results 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 business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.65 billion. Williams-Sonoma had a return on equity of 54.50% and a net margin of 13.83%. As a group, sell-side analysts predict that Williams-Sonoma will post 7.24 EPS for the current fiscal year.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, insider Monica Bhargava sold 17,862 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $149.14, for a total value of $2,663,938.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Williams-Sonoma news, EVP David Randolph King sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was 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 owns 101,024 shares of the company’s stock, valued at approximately $14,539,879.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Monica Bhargava sold 17,862 shares of the firm’s stock in a transaction dated 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. Insiders have sold a total of 77,862 shares of company stock valued at $11,800,439 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Williams-Sonoma

Large investors have recently modified their holdings of the company. MCF Advisors LLC purchased a new position in shares of Williams-Sonoma during the 4th quarter valued at about $25,000. Quest Partners LLC purchased a new position in Williams-Sonoma in the 2nd quarter worth approximately $26,000. Crewe Advisors LLC purchased a new position in Williams-Sonoma in the 2nd quarter worth approximately $29,000. EntryPoint Capital LLC increased its stake in Williams-Sonoma by 520.0% in the 1st quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 78 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new position in Williams-Sonoma in the 1st quarter worth approximately $32,000. 99.29% of the stock is owned by hedge funds and other institutional investors.

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.