Williams-Sonoma (NYSE:WSM) Price Target Lowered to $215.00 at Telsey Advisory Group

Williams-Sonoma (NYSE:WSM) had its price objective dropped by equities researchers at Telsey Advisory Group from $220.00 to $215.00 in a report issued on Monday,Briefing.com Automated Import reports. The firm presently has an “outperform” rating on the specialty retailer’s stock. Telsey Advisory Group’s price objective indicates a potential upside of 23.55% from the company’s current price.

Several other analysts also recently commented on the company. Wedbush reduced their target price on Williams-Sonoma from $190.00 to $170.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Barclays raised their target price on Williams-Sonoma from $123.00 to $131.00 and gave the company an “underweight” rating in a research note on Thursday, March 13th. Wells Fargo & Company reduced their target price on Williams-Sonoma from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, March 20th. JPMorgan Chase & Co. raised their price target on shares of Williams-Sonoma from $153.00 to $168.00 and gave the company a “neutral” rating in a research report on Thursday, March 20th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Williams-Sonoma in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $177.81.

Williams-Sonoma Trading Up 1.4%

Shares of Williams-Sonoma stock opened at $174.02 on Monday. The business has a 50-day moving average price of $156.85 and a two-hundred day moving average price of $175.68. Williams-Sonoma has a 1-year low of $125.33 and a 1-year high of $219.98. The company has a market cap of $21.39 billion, a P/E ratio of 20.58, a PEG ratio of 2.89 and a beta of 1.57.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.88 by $0.40. The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.34 billion. Williams-Sonoma had a return on equity of 51.56% and a net margin of 14.54%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business posted $5.44 EPS. Equities research analysts forecast that Williams-Sonoma will post 8.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Jeffrey Howie sold 1,408 shares of the firm’s stock in a transaction that occurred on 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 $9,014,116.16. This trade represents a 2.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Laura Alber sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $165.78, for a total transaction of $4,973,400.00. Following the sale, the chief executive officer now owns 1,018,374 shares of the company’s stock, valued at approximately $168,826,041.72. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 80,635 shares of company stock valued at $13,236,175 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Williams-Sonoma

Large investors have recently modified their holdings of the stock. Quarry LP raised its holdings in Williams-Sonoma by 99.0% during the 1st quarter. Quarry LP now owns 199 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 99 shares during the period. Sentry Investment Management LLC purchased a new position in shares of Williams-Sonoma during the 1st quarter valued at $32,000. Costello Asset Management INC purchased a new position in shares of Williams-Sonoma during the 1st quarter valued at $32,000. SOA Wealth Advisors LLC. purchased a new position in shares of Williams-Sonoma during the 1st quarter valued at $33,000. Finally, Wayfinding Financial LLC bought a new stake in shares of Williams-Sonoma during the 1st quarter worth $35,000. 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.