Williams-Sonoma (NYSE:WSM) Price Target Raised to $275.00

by · The Cerbat Gem

Williams-Sonoma (NYSE:WSM – Get Free Report) had its price target boosted by research analysts at Citigroup from $252.00 to $275.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the specialty retailer’s stock. Citigroup‘s price objective would suggest a potential upside of 8.31% from the company’s current price.

Several other brokerages have also issued reports on WSM. The Goldman Sachs Group reaffirmed a “buy” rating and set a $261.00 price target (up from $230.00) on shares of Williams-Sonoma in a research note on Tuesday, August 11th. UBS Group reiterated a “neutral” rating on shares of Williams-Sonoma in a research report on Monday, October 12th. Evercore set a $255.00 price objective on Williams-Sonoma in a report on Tuesday, October 20th. Piper Sandler reissued an “overweight” rating and set a $286.00 price objective (up from $259.00) on shares of Williams-Sonoma in a report on Tuesday, October 20th. Finally, TD Cowen restated a “buy” rating on shares of Williams-Sonoma in a research report on Monday, August 10th. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $249.17.

View Our Latest Stock Report on WSM

Williams-Sonoma Stock Down 1.8%

Shares of NYSE WSM traded down $4.71 during mid-day trading on Friday, reaching $253.90. 426,528 shares of the company were exchanged, compared to its average volume of 1,139,719. Williams-Sonoma has a 52 week low of $165.51 and a 52 week high of $274.45. The company’s 50 day moving average price is $238.26 and its 200 day moving average price is $215.78. The stock has a market capitalization of $29.90 billion, a PE ratio of 25.99, a PEG ratio of 2.93 and a beta of 1.49.

Williams-Sonoma (NYSE:WSM – Get Free Report) last released its earnings results on Wednesday, August 26th. The specialty retailer reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Williams-Sonoma had a return on equity of 53.48% and a net margin of 14.73%. The firm’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.00 earnings per share. On average, sell-side analysts predict that Williams-Sonoma will post 9.50 earnings per share for the current year.

Insider Buying and Selling at Williams-Sonoma

In other news, EVP Karalyn Yearout sold 522 shares of Williams-Sonoma stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $239.36, for a total value of $124,945.92. Following the transaction, the executive vice president owned 19,673 shares in the company, valued at approximately $4,708,929.28. The trade was a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Laura Alber sold 35,000 shares of the business’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $221.20, for a total value of $7,742,000.00. Following the completion of the sale, the chief executive officer directly owned 853,524 shares of the company’s stock, valued at approximately $188,799,508.80. This trade represents a 3.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 39,361 shares of company stock valued at $8,738,903. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Williams-Sonoma

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP lifted its position in Williams-Sonoma by 7.0% in the third quarter. Allworth Financial LP now owns 1,135 shares of the specialty retailer’s stock valued at $265,000 after purchasing an additional 74 shares during the last quarter. Eurizon Capital SGR S.p.A. boosted its stake in shares of Williams-Sonoma by 9.0% during the third quarter. Eurizon Capital SGR S.p.A. now owns 84,884 shares of the specialty retailer’s stock valued at $19,352,000 after purchasing an additional 7,001 shares during the period. Werba Rubin Papier Wealth Management boosted its stake in shares of Williams-Sonoma by 6.6% during the third quarter. Werba Rubin Papier Wealth Management now owns 934 shares of the specialty retailer’s stock valued at $213,000 after purchasing an additional 58 shares during the period. King Luther Capital Management Corp grew its holdings in shares of Williams-Sonoma by 12.8% in the third quarter. King Luther Capital Management Corp now owns 3,456 shares of the specialty retailer’s stock worth $788,000 after purchasing an additional 392 shares during the last quarter. Finally, Maryland State Retirement & Pension System grew its holdings in shares of Williams-Sonoma by 14.5% in the third quarter. Maryland State Retirement & Pension System now owns 7,010 shares of the specialty retailer’s stock worth $1,598,000 after purchasing an additional 886 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors.

Williams-Sonoma Company Profile

(Get Free Report)

Williams-Sonoma, Inc is a specialty retailer focused on home furnishings, décor, kitchenware and related products. The company operates a portfolio of lifestyle brands, including Williams Sonoma, Pottery Barn, West Elm, Pottery Barn Kids, Rejuvenation and Mark & Graham.

Its products include cookware, tableware, appliances, furniture, bedding, lighting, rugs, home accessories, gifts and personalized merchandise. Williams-Sonoma reaches customers through e-commerce websites, retail stores, catalogs and trade and contract sales, serving both individual consumers and professional customers such as interior designers and hospitality businesses.

Founded in 1956 by Chuck Williams, the company began as a retailer specializing in high-quality French cookware before expanding into a broader home-focused portfolio.

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