Needham & Company LLC Reaffirms “Hold” Rating for Williams-Sonoma (NYSE:WSM)

Williams-Sonoma (NYSE:WSMGet Free Report)‘s stock had its “hold” rating restated by stock analysts at Needham & Company LLC in a note issued to investors on Wednesday, Benzinga reports.

A number of other research analysts have also recently weighed in on the stock. Bank of America raised their price objective on shares of Williams-Sonoma from $250.00 to $298.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. TD Cowen raised their price objective on shares of Williams-Sonoma from $260.00 to $320.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th. Morgan Stanley raised shares of Williams-Sonoma from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $155.00 to $270.00 in a research note on Thursday, March 14th. Loop Capital raised their target price on shares of Williams-Sonoma from $220.00 to $290.00 and gave the stock a “hold” rating in a research report on Friday, March 15th. Finally, Wedbush restated an “outperform” rating and set a $330.00 target price on shares of Williams-Sonoma in a research report on Thursday, March 21st. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Williams-Sonoma currently has a consensus rating of “Hold” and a consensus target price of $249.31.

View Our Latest Research Report on Williams-Sonoma

Williams-Sonoma Stock Down 1.5 %

Shares of NYSE:WSM opened at $310.22 on Wednesday. The company has a market cap of $19.89 billion, a P/E ratio of 21.29, a PEG ratio of 2.65 and a beta of 1.70. Williams-Sonoma has a 52 week low of $109.44 and a 52 week high of $319.78. The company has a 50-day moving average price of $246.01 and a 200 day moving average price of $200.83.

Williams-Sonoma (NYSE:WSMGet Free Report) last announced its quarterly earnings data on Wednesday, March 13th. The specialty retailer reported $5.44 EPS for the quarter, beating analysts’ consensus estimates of $5.06 by $0.38. Williams-Sonoma had a net margin of 12.25% and a return on equity of 55.15%. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the firm earned $5.50 earnings per share. The firm’s revenue was down 7.1% compared to the same quarter last year. Analysts expect that Williams-Sonoma will post 15.37 EPS for the current year.

Insiders Place Their Bets

In other Williams-Sonoma news, CEO Marta Benson sold 2,184 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $313.98, for a total value of $685,732.32. Following the completion of the sale, the chief executive officer now owns 48,364 shares in the company, valued at approximately $15,185,328.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Karalyn Smith sold 1,145 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $289.06, for a total value of $330,973.70. Following the transaction, the executive vice president now directly owns 6,966 shares in the company, valued at approximately $2,013,591.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Marta Benson sold 2,184 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $313.98, for a total transaction of $685,732.32. Following the completion of the transaction, the chief executive officer now owns 48,364 shares in the company, valued at $15,185,328.72. The disclosure for this sale can be found here. Insiders sold a total of 43,329 shares of company stock worth $10,729,906 in the last quarter. 1.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Williams-Sonoma

Several hedge funds and other institutional investors have recently bought and sold shares of WSM. Norges Bank acquired a new stake in Williams-Sonoma in the 4th quarter worth $152,843,000. Holocene Advisors LP acquired a new stake in Williams-Sonoma in the 2nd quarter worth $56,497,000. Steadfast Capital Management LP acquired a new stake in Williams-Sonoma in the 1st quarter worth $50,715,000. First Trust Advisors LP grew its position in Williams-Sonoma by 24.1% in the 1st quarter. First Trust Advisors LP now owns 1,408,911 shares of the specialty retailer’s stock worth $204,292,000 after purchasing an additional 273,424 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Williams-Sonoma in the 1st quarter worth $29,782,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

About Williams-Sonoma

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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