Williams-Sonoma (NYSE:WSM) Downgraded to Hold at StockNews.com

StockNews.com cut shares of Williams-Sonoma (NYSE:WSMGet Rating) from a buy rating to a hold rating in a report published on Monday morning.

Other research analysts also recently issued reports about the stock. Morgan Stanley increased their target price on shares of Williams-Sonoma from $140.00 to $150.00 and gave the company an equal weight rating in a research report on Monday, August 29th. Royal Bank of Canada reduced their price objective on shares of Williams-Sonoma from $192.00 to $151.00 and set an outperform rating for the company in a research report on Friday, November 18th. Wedbush cut Williams-Sonoma from an outperform rating to a neutral rating and reduced their price target for the company from $190.00 to $110.00 in a report on Tuesday, November 8th. Wells Fargo & Company cut their price objective on Williams-Sonoma from $170.00 to $120.00 and set an equal weight rating for the company in a research report on Friday, November 18th. Finally, Robert W. Baird upped their price target on shares of Williams-Sonoma from $145.00 to $170.00 and gave the stock a neutral rating in a research note on Thursday, August 25th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Hold and a consensus price target of $141.44.

Williams-Sonoma Stock Down 0.1 %

Williams-Sonoma stock opened at $123.72 on Monday. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 7.50, a price-to-earnings-growth ratio of 0.75 and a beta of 1.61. Williams-Sonoma has a 52 week low of $101.58 and a 52 week high of $211.28. The stock has a 50-day moving average price of $123.80 and a 200 day moving average price of $131.00.

Williams-Sonoma (NYSE:WSMGet Rating) last issued its earnings results on Wednesday, August 24th. The specialty retailer reported $3.87 EPS for the quarter, beating analysts’ consensus estimates of $3.54 by $0.33. Williams-Sonoma had a net margin of 13.48% and a return on equity of 83.08%. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the business earned $3.24 earnings per share. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. Research analysts anticipate that Williams-Sonoma will post 16.51 EPS for the current fiscal year.

Williams-Sonoma Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Friday, October 21st will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Thursday, October 20th. Williams-Sonoma’s dividend payout ratio is currently 18.91%.

Insider Transactions at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 20,000 shares of the stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $150.43, for a total transaction of $3,008,600.00. Following the sale, the chief executive officer now directly owns 501,653 shares in the company, valued at $75,463,660.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.70% of the stock is currently owned by insiders.

Institutional Trading of Williams-Sonoma

A number of hedge funds have recently added to or reduced their stakes in WSM. Steward Partners Investment Advisory LLC bought a new stake in Williams-Sonoma during the 1st quarter worth $120,000. FDx Advisors Inc. boosted its position in shares of Williams-Sonoma by 18.2% during the 1st quarter. FDx Advisors Inc. now owns 2,572 shares of the specialty retailer’s stock valued at $373,000 after purchasing an additional 396 shares in the last quarter. Versor Investments LP grew its position in shares of Williams-Sonoma by 25.4% during the 1st quarter. Versor Investments LP now owns 2,758 shares of the specialty retailer’s stock worth $400,000 after buying an additional 558 shares during the period. Envestnet Asset Management Inc. increased its stake in Williams-Sonoma by 11.0% in the first quarter. Envestnet Asset Management Inc. now owns 142,295 shares of the specialty retailer’s stock valued at $20,633,000 after purchasing an additional 14,048 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in Williams-Sonoma by 16.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 32,498 shares of the specialty retailer’s stock worth $4,712,000 after buying an additional 4,546 shares during the period. Institutional investors and hedge funds own 93.74% 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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