Williams-Sonoma (NYSE:WSM) Price Target Raised to $195.00 at TD Cowen

Williams-Sonoma (NYSE:WSM) had its target price hoisted by research analysts at TD Cowen from $165.00 to $195.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the specialty retailer’s stock. TD Cowen’s price target indicates a potential upside of 13.45% from the stock’s previous close.

Several other brokerages have also commented on WSM. Evercore ISI raised their price objective on Williams-Sonoma from $140.00 to $180.00 and gave the company an “in-line” rating in a research report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday. Royal Bank of Canada raised their target price on shares of Williams-Sonoma from $162.00 to $189.00 and gave the company an “outperform” rating in a research note on Thursday. Wells Fargo & Company cut their price objective on shares of Williams-Sonoma from $158.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. Finally, Wedbush downgraded shares of Williams-Sonoma from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $150.00 to $135.00 in a research note on Wednesday, October 30th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $154.41.

Williams-Sonoma Price Performance

Shares of WSM opened at $171.88 on Thursday. The company has a 50-day simple moving average of $143.08 and a two-hundred day simple moving average of $144.74. The firm has a market capitalization of $21.71 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 2.71 and a beta of 1.76. Williams-Sonoma has a one year low of $90.31 and a one year high of $181.42.

Williams-Sonoma (NYSE:WSM) last released its earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.13. Williams-Sonoma had a return on equity of 51.57% and a net margin of 14.29%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the business posted $1.56 EPS. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. Analysts expect that Williams-Sonoma will post 7.95 EPS for the current fiscal year.

Insider Activity

In other news, EVP Karalyn Smith sold 11,100 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $134.66, for a total transaction of $1,494,726.00. Following the sale, the executive vice president now directly owns 15,150 shares in the company, valued at $2,040,099. This trade represents a 42.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Laura Alber sold 40,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $130.49, for a total transaction of $5,219,600.00. Following the completion of the transaction, the chief executive officer now directly owns 990,956 shares of the company’s stock, valued at $129,309,848.44. This represents a 3.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 91,100 shares of company stock valued at $12,525,126 in the last ninety days. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of Williams-Sonoma

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Smithfield Trust Co lifted its position in shares of Williams-Sonoma by 100.0% in the third quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock worth $25,000 after buying an additional 80 shares in the last quarter. Quest Partners LLC bought a new position in Williams-Sonoma during the second quarter valued at $26,000. Cassady Schiller Wealth Management LLC lifted its position in Williams-Sonoma by 100.0% during the third quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 83 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Williams-Sonoma in the 3rd quarter worth $28,000. Finally, Crewe Advisors LLC bought a new stake in shares of Williams-Sonoma in the 2nd quarter worth about $29,000. 99.29% of the stock is currently owned by 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.