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

Williams-Sonoma (NYSE:WSM) had its price target lifted by Morgan Stanley from $170.00 to $195.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the specialty retailer’s stock.

WSM has been the subject of several other reports. Royal Bank of Canada boosted their target price on shares of Williams-Sonoma from $162.00 to $189.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Wedbush upped their price objective on shares of Williams-Sonoma from $135.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Loop Capital upped their price objective on shares of Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a research report on Thursday, November 21st. Barclays upped their price objective on shares of Williams-Sonoma from $116.00 to $123.00 and gave the stock an “underweight” rating in a research report on Thursday, November 21st. Finally, TD Cowen upped their price objective on shares of Williams-Sonoma from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $163.16.

Williams-Sonoma Trading Down 0.1 %

Shares of NYSE:WSM opened at $211.79 on Tuesday. The firm has a 50 day moving average of $184.01 and a 200-day moving average of $156.87. The stock has a market capitalization of $26.07 billion, a PE ratio of 25.05, a PEG ratio of 3.18 and a beta of 1.79. Williams-Sonoma has a 12 month low of $95.76 and a 12 month high of $212.92.

Williams-Sonoma Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 17th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Friday, January 17th. Williams-Sonoma’s dividend payout ratio is currently 26.97%.

Insider Activity

In other news, CEO Laura Alber sold 45,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $207.76, for a total value of $9,349,200.00. Following the sale, the chief executive officer now directly owns 944,666 shares of the company’s stock, valued at approximately $196,263,808.16. This represents a 4.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jeffrey Howie sold 3,160 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $177.39, for a total transaction of $560,552.40. Following the transaction, the chief financial officer now owns 46,388 shares in the company, valued at $8,228,767.32. The trade was a 6.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 88,160 shares of company stock valued at $15,129,352. 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 the stock. Oppenheimer & Co. Inc. raised its holdings in Williams-Sonoma by 186.0% during the third quarter. Oppenheimer & Co. Inc. now owns 7,536 shares of the specialty retailer’s stock worth $1,167,000 after buying an additional 4,901 shares during the last quarter. OneDigital Investment Advisors LLC raised its holdings in Williams-Sonoma by 97.1% during the third quarter. OneDigital Investment Advisors LLC now owns 6,167 shares of the specialty retailer’s stock worth $955,000 after buying an additional 3,038 shares during the last quarter. Stifel Financial Corp raised its holdings in Williams-Sonoma by 94.8% during the third quarter. Stifel Financial Corp now owns 19,535 shares of the specialty retailer’s stock worth $3,026,000 after buying an additional 9,509 shares during the last quarter. Intech Investment Management LLC raised its holdings in Williams-Sonoma by 27.2% during the third quarter. Intech Investment Management LLC now owns 38,512 shares of the specialty retailer’s stock worth $5,966,000 after buying an additional 8,237 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in Williams-Sonoma by 67.4% during the third quarter. Cerity Partners LLC now owns 29,959 shares of the specialty retailer’s stock worth $4,641,000 after buying an additional 12,061 shares during the last quarter. Institutional investors and hedge funds 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.