Barclays Raises Williams-Sonoma (NYSE:WSM) Price Target to $131.00

Williams-Sonoma (NYSE:WSM) had its target price hoisted by Barclays from $123.00 to $131.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the specialty retailer’s stock. Barclays‘s price objective would suggest a potential downside of 22.34% from the stock’s current price.

WSM has been the topic of a number of other research reports. Evercore ISI increased their price target on Williams-Sonoma from $140.00 to $180.00 and gave the stock an “in-line” rating in a research report on Thursday, November 21st. Loop Capital raised their target price on shares of Williams-Sonoma from $145.00 to $180.00 and gave the company a “hold” rating in a research report on Thursday, November 21st. Royal Bank of Canada upped their price target on shares of Williams-Sonoma from $162.00 to $189.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. The Goldman Sachs Group boosted their price objective on shares of Williams-Sonoma from $170.00 to $224.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Finally, Wedbush restated a “neutral” rating and set a $190.00 target price (up previously from $175.00) on shares of Williams-Sonoma in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $173.78.

Williams-Sonoma Stock Performance

Williams-Sonoma stock traded down $6.22 during trading hours on Thursday, hitting $168.68. The company had a trading volume of 272,091 shares, compared to its average volume of 1,401,181. The firm has a market cap of $20.76 billion, a P/E ratio of 19.95, a P/E/G ratio of 2.89 and a beta of 1.82. The company has a 50-day moving average price of $200.89 and a two-hundred day moving average price of $170.66. Williams-Sonoma has a 1 year low of $125.33 and a 1 year high of $219.98.

Insider Activity

In other Williams-Sonoma 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 transaction of $9,349,200.00. Following the completion of the transaction, the chief executive officer now directly owns 944,666 shares in the company, valued at approximately $196,263,808.16. This represents a 4.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jeffrey Howie sold 1,408 shares of Williams-Sonoma stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $194.32, for a total transaction of $273,602.56. Following the completion of the sale, the chief financial officer now owns 46,388 shares in the company, valued at approximately $9,014,116.16. This trade represents a 2.95 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Smithfield Trust Co raised its holdings in shares of Williams-Sonoma by 100.0% during the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 80 shares during the period. Cassady Schiller Wealth Management LLC raised its position in Williams-Sonoma by 100.0% in 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 period. Brooklyn Investment Group acquired a new position in shares of Williams-Sonoma in the 3rd quarter valued at $28,000. Hobbs Group Advisors LLC lifted its stake in shares of Williams-Sonoma by 100.0% in the 3rd quarter. Hobbs Group Advisors LLC now owns 236 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 118 shares during the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in shares of Williams-Sonoma during the 4th quarter worth $37,000. 99.29% of the stock is owned by hedge funds and other institutional investors.

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.