Williams-Sonoma (NYSE:WSM) Receives “Outperform” Rating from Telsey Advisory Group

Williams-Sonoma (NYSE:WSM)‘s stock had its “outperform” rating reiterated by analysts at Telsey Advisory Group in a note issued to investors on Friday, Benzinga reports. They presently have a $165.00 price target on the specialty retailer’s stock. Telsey Advisory Group’s target price would indicate a potential upside of 14.31% from the stock’s current price.

Several other equities research analysts have also weighed in on the company. TD Cowen raised their target price on Williams-Sonoma from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Jefferies Financial Group raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and raised their price objective for the stock from $148.00 to $156.00 in a report on Wednesday, September 11th. Barclays lowered their target price on shares of Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating for the company in a report on Friday, August 23rd. Wedbush cut their price target on shares of Williams-Sonoma from $175.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday, August 23rd. Finally, Wells Fargo & Company decreased their price objective on shares of Williams-Sonoma from $158.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $140.83.

Williams-Sonoma Stock Up 1.8 %

NYSE WSM opened at $144.35 on Friday. Williams-Sonoma has a 52 week low of $71.56 and a 52 week high of $174.26. The firm has a 50 day moving average of $141.59 and a two-hundred day moving average of $146.64. The stock has a market capitalization of $18.57 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 2.78 and a beta of 1.74.

Williams-Sonoma (NYSE:WSM) last issued its earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.13. Williams-Sonoma had a net margin of 14.29% and a return on equity of 51.57%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the firm posted $1.56 earnings per share. The company’s revenue was down 4.0% compared to the same quarter last year. On average, equities research analysts expect that Williams-Sonoma will post 7.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Williams-Sonoma news, EVP Karalyn Smith sold 11,100 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $134.66, for a total value of $1,494,726.00. Following the transaction, the executive vice president now directly owns 15,150 shares of the company’s stock, valued at approximately $2,040,099. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Karalyn Smith sold 11,100 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $134.66, for a total value of $1,494,726.00. Following the completion of the sale, the executive vice president now owns 15,150 shares in the company, valued at $2,040,099. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Laura Alber sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $145.27, for a total value of $5,810,800.00. Following the transaction, the chief executive officer now owns 1,030,956 shares in the company, valued at $149,766,978.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 91,100 shares of company stock valued at $13,563,526 over the last three months. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WSM. Neo Ivy Capital Management acquired a new position in shares of Williams-Sonoma during the 4th quarter worth $113,000. Goldman Sachs Group Inc. grew its position in Williams-Sonoma by 18.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 215,299 shares of the specialty retailer’s stock worth $43,443,000 after buying an additional 33,157 shares during the period. Richardson Financial Services Inc. purchased a new position in Williams-Sonoma in the fourth quarter valued at about $48,000. Congress Asset Management Co. MA lifted its position in shares of Williams-Sonoma by 27.8% during the 4th quarter. Congress Asset Management Co. MA now owns 47,383 shares of the specialty retailer’s stock valued at $9,561,000 after acquiring an additional 10,303 shares during the period. Finally, Leo Wealth LLC purchased a new stake in shares of Williams-Sonoma during the 4th quarter worth approximately $219,000. Hedge funds and other 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.