Williams-Sonoma (NYSE:WSM) Cut to “Hold” at StockNews.com

Williams-Sonoma (NYSE:WSMGet Rating) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

A number of other equities analysts have also commented on the stock. Barclays decreased their price objective on shares of Williams-Sonoma from $186.00 to $173.00 and set an “overweight” rating for the company in a research note on Friday, May 27th. Royal Bank of Canada decreased their target price on shares of Williams-Sonoma from $220.00 to $185.00 in a research note on Thursday, May 26th. Wedbush decreased their target price on shares of Williams-Sonoma to $155.00 and set a “na” rating for the company in a research note on Tuesday, May 17th. Citigroup decreased their target price on shares of Williams-Sonoma from $168.00 to $138.00 in a research note on Friday, May 13th. Finally, William Blair reissued a “market perform” rating on shares of Williams-Sonoma in a research note on Thursday, May 26th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $157.17.

Williams-Sonoma stock traded up $1.40 during mid-day trading on Thursday, hitting $121.25. The company’s stock had a trading volume of 1,093,439 shares, compared to its average volume of 1,462,906. The stock has a market capitalization of $8.34 billion, a P/E ratio of 7.87, a P/E/G ratio of 1.29 and a beta of 1.53. Williams-Sonoma has a twelve month low of $101.58 and a twelve month high of $223.32. The stock’s fifty day moving average price is $127.03 and its two-hundred day moving average price is $145.47.

Williams-Sonoma (NYSE:WSMGet Rating) last posted its quarterly earnings results on Wednesday, May 25th. The specialty retailer reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.60. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.81 billion. Williams-Sonoma had a net margin of 13.74% and a return on equity of 76.64%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.93 earnings per share. As a group, analysts anticipate that Williams-Sonoma will post 16.29 earnings per share for the current year.

In other news, insider Ryan Ross sold 10,400 shares of Williams-Sonoma stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $127.42, for a total transaction of $1,325,168.00. Following the sale, the insider now directly owns 21,269 shares in the company, valued at approximately $2,710,095.98. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Julie Whalen sold 5,000 shares of Williams-Sonoma stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $130.00, for a total transaction of $650,000.00. Following the sale, the chief financial officer now owns 101,239 shares in the company, valued at $13,161,070. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,430 shares of company stock worth $2,287,484. Insiders own 1.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in WSM. Marshall Wace LLP acquired a new position in Williams-Sonoma in the third quarter valued at about $254,000. Wellington Management Group LLP lifted its position in shares of Williams-Sonoma by 98.2% during the third quarter. Wellington Management Group LLP now owns 12,954 shares of the specialty retailer’s stock worth $2,297,000 after purchasing an additional 6,418 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Williams-Sonoma by 0.7% during the third quarter. Thrivent Financial for Lutherans now owns 63,960 shares of the specialty retailer’s stock worth $11,342,000 after purchasing an additional 432 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Williams-Sonoma by 8.8% during the third quarter. Janus Henderson Group PLC now owns 872,290 shares of the specialty retailer’s stock worth $154,683,000 after purchasing an additional 70,514 shares in the last quarter. Finally, Cetera Advisor Networks LLC lifted its position in shares of Williams-Sonoma by 50.0% during the third quarter. Cetera Advisor Networks LLC now owns 4,067 shares of the specialty retailer’s stock worth $721,000 after purchasing an additional 1,355 shares in the last quarter. Hedge funds and other institutional investors own 99.66% of the company’s stock.

About Williams-Sonoma (Get Rating)

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.

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Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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