Williams-Sonoma, Inc. (NYSE:WSM) had its price target cut by Goldman Sachs Group, Inc. (The) from $58.00 to $57.00 in a report released on Thursday. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Goldman Sachs Group, Inc. (The)’s price target would suggest a potential upside of 25.61% from the stock’s current price.

Several other equities analysts have also recently weighed in on WSM. SunTrust Banks, Inc. set a $62.00 price target on shares of Williams-Sonoma and gave the stock a “buy” rating in a research note on Saturday, June 10th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Williams-Sonoma in a research note on Thursday. Zacks Investment Research raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Wednesday, August 16th. Loop Capital reaffirmed a “hold” rating and set a $54.00 price target on shares of Williams-Sonoma in a research note on Monday, August 21st. Finally, Telsey Advisory Group raised their price target on shares of Williams-Sonoma from $51.00 to $57.00 and gave the stock a “market perform” rating in a research note on Thursday, May 25th. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $53.05.

Williams-Sonoma (NYSE WSM) opened at 45.38 on Thursday. Williams-Sonoma has a 1-year low of $42.68 and a 1-year high of $56.94. The stock has a market cap of $3.89 billion, a P/E ratio of 13.03 and a beta of 0.89. The firm’s 50-day moving average is $45.35 and its 200-day moving average is $48.89. Williams-Sonoma also was the recipient of unusually large options trading activity on Wednesday. Investors bought 13,483 call options on the stock. This represents an increase of 1,079% compared to the typical daily volume of 1,144 call options.

Williams-Sonoma (NYSE:WSM) last announced its earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.59 by $0.02. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. Williams-Sonoma had a net margin of 5.96% and a return on equity of 25.34%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the company posted $0.58 EPS. On average, analysts forecast that Williams-Sonoma will post $3.56 EPS for the current year.

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Several large investors have recently bought and sold shares of WSM. Vision Capital Management Inc. increased its stake in Williams-Sonoma by 0.3% in the second quarter. Vision Capital Management Inc. now owns 18,599 shares of the specialty retailer’s stock worth $902,000 after buying an additional 47 shares in the last quarter. Creative Planning increased its stake in Williams-Sonoma by 3.8% in the first quarter. Creative Planning now owns 2,085 shares of the specialty retailer’s stock worth $112,000 after buying an additional 76 shares in the last quarter. US Bancorp DE increased its stake in Williams-Sonoma by 0.4% in the second quarter. US Bancorp DE now owns 21,313 shares of the specialty retailer’s stock worth $1,033,000 after buying an additional 82 shares in the last quarter. State Treasurer State of Michigan increased its stake in Williams-Sonoma by 0.3% in the second quarter. State Treasurer State of Michigan now owns 32,900 shares of the specialty retailer’s stock worth $1,596,000 after buying an additional 100 shares in the last quarter. Finally, Gofen & Glossberg LLC IL increased its stake in Williams-Sonoma by 0.4% in the first quarter. Gofen & Glossberg LLC IL now owns 27,552 shares of the specialty retailer’s stock worth $1,477,000 after buying an additional 120 shares in the last quarter. 95.52% of the stock is owned by institutional investors.

Williams-Sonoma Company Profile

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.

Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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