Williams-Sonoma (NYSE:WSM) Price Target Raised to $185.00

Williams-Sonoma (NYSE:WSM) had its price target hoisted by equities researchers at Wells Fargo & Company from $165.00 to $185.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s price target would indicate a potential downside of 5.37% from the company’s current price.

Several other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. lifted their price target on Williams-Sonoma from $136.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Loop Capital lifted their target price on shares of Williams-Sonoma from $145.00 to $180.00 and gave the company a “hold” rating in a research note on Thursday, November 21st. Wedbush increased their price target on shares of Williams-Sonoma from $135.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Evercore ISI lifted their price objective on shares of Williams-Sonoma from $140.00 to $180.00 and gave the company an “in-line” rating in a research note on Thursday, November 21st. Finally, Citigroup lowered their target price on shares of Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Williams-Sonoma currently has a consensus rating of “Hold” and a consensus target price of $160.03.

Williams-Sonoma Trading Down 2.4 %

Shares of NYSE:WSM opened at $195.50 on Monday. The firm has a market cap of $24.07 billion, a price-to-earnings ratio of 23.12, a P/E/G ratio of 2.98 and a beta of 1.79. Williams-Sonoma has a 1 year low of $95.76 and a 1 year high of $200.56. The business has a fifty day simple moving average of $167.79 and a 200 day simple moving average of $152.28.

Insider Buying and Selling at Williams-Sonoma

In related news, CEO Laura Alber sold 40,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 990,956 shares in the company, valued at $129,309,848.44. The trade was a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jeffrey Howie sold 3,160 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $177.39, for a total value of $560,552.40. Following the completion of the sale, the chief financial officer now owns 46,388 shares of the company’s stock, valued at $8,228,767.32. This represents a 6.38 % 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

Large investors have recently modified their holdings of the company. Quest Partners LLC acquired a new stake in Williams-Sonoma during the second quarter worth $26,000. Smithfield Trust Co boosted its position 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 valued at $25,000 after acquiring an additional 80 shares in the last quarter. Cassady Schiller Wealth Management LLC increased its stake 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 acquiring an additional 83 shares during the period. Brooklyn Investment Group bought a new stake in Williams-Sonoma in the third quarter valued at about $28,000. Finally, Clean Yield Group acquired a new position in Williams-Sonoma in the third quarter worth about $30,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

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.