Williams-Sonoma Inc. (WSM) Price Target Cut to $61.00 by Analysts at Telsey Advisory Group
Williams-Sonoma Inc. (NYSE:WSM) had its price target dropped by equities researchers at Telsey Advisory Group from $63.00 to $61.00 in a research note issued on Friday. The brokerage currently has an “outperform” rating on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 13.76% from the company’s current price.
Several other analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Williams-Sonoma from a “sell” rating to a “hold” rating in a research report on Wednesday. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Williams-Sonoma in a research report on Sunday, October 2nd. Wedbush restated a “neutral” rating and issued a $53.00 price target on shares of Williams-Sonoma in a research report on Monday, October 10th. Barclays PLC restated an “underweight” rating and issued a $45.00 price target on shares of Williams-Sonoma in a research report on Tuesday, August 23rd. Finally, Vetr lowered shares of Williams-Sonoma from a “strong-buy” rating to a “buy” rating and set a $56.74 price target on the stock. in a research report on Tuesday, August 23rd. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $59.17.
Williams-Sonoma (NYSE:WSM) opened at 53.62 on Friday. The firm has a 50-day moving average of $48.75 and a 200 day moving average of $51.71. Williams-Sonoma has a 52-week low of $45.96 and a 52-week high of $67.04. The company has a market cap of $4.75 billion, a PE ratio of 16.05 and a beta of 0.84.
Williams-Sonoma (NYSE:WSM) last posted its earnings results on Thursday, November 17th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. Williams-Sonoma had a net margin of 5.97% and a return on equity of 26.86%. The business had revenue of $1.25 million for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the business posted $0.77 EPS. Williams-Sonoma’s revenue was up 1.1% compared to the same quarter last year. Equities research analysts expect that Williams-Sonoma will post $3.46 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Thursday, October 27th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Tuesday, October 25th. Williams-Sonoma’s dividend payout ratio is presently 44.31%.
In other news, insider Janet Hayes sold 15,027 shares of the business’s stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $49.74, for a total value of $747,442.98. Following the sale, the insider now owns 32,776 shares of the company’s stock, valued at $1,630,278.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Laura Alber sold 80,000 shares of the business’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $53.19, for a total transaction of $4,255,200.00. Following the completion of the sale, the chief executive officer now directly owns 307,860 shares in the company, valued at approximately $16,375,073.40. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the company. BlackRock Advisors LLC raised its stake in shares of Williams-Sonoma by 213.2% in the third quarter. BlackRock Advisors LLC now owns 1,440,275 shares of the company’s stock worth $73,569,000 after buying an additional 980,370 shares in the last quarter. Fiera Capital Corp raised its stake in shares of Williams-Sonoma by 2,173.7% in the second quarter. Fiera Capital Corp now owns 1,014,091 shares of the company’s stock worth $52,865,000 after buying an additional 969,491 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Williams-Sonoma by 25.2% in the third quarter. Bank of New York Mellon Corp now owns 3,351,855 shares of the company’s stock worth $171,213,000 after buying an additional 675,438 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of Williams-Sonoma by 517.1% in the third quarter. Neuberger Berman Group LLC now owns 684,725 shares of the company’s stock worth $34,976,000 after buying an additional 573,774 shares in the last quarter. Finally, HS Management Partners LLC raised its stake in shares of Williams-Sonoma by 20.6% in the second quarter. HS Management Partners LLC now owns 3,112,376 shares of the company’s stock worth $162,248,000 after buying an additional 531,800 shares in the last quarter. 95.69% of the stock is currently owned by institutional investors and hedge funds.
Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company’s e-commerce Websites and direct-mail catalogs.
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