Williams-Sonoma (NYSE:WSM) Price Target Raised to $245.00

Williams-Sonoma (NYSE:WSM) had its price objective hoisted by stock analysts at TD Cowen from $210.00 to $245.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. TD Cowen’s target price indicates a potential upside of 18.56% from the company’s previous close.

A number of other research firms have also weighed in on WSM. Royal Bank Of Canada set a $206.00 target price on Williams-Sonoma and gave the company an “outperform” rating in a research note on Friday, November 21st. UBS Group set a $175.00 target price on shares of Williams-Sonoma and gave the company a “neutral” rating in a report on Thursday, November 20th. Wells Fargo & Company upped their price objective on shares of Williams-Sonoma from $190.00 to $205.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 11th. Telsey Advisory Group cut their price target on Williams-Sonoma from $225.00 to $220.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Finally, Citigroup lowered their price objective on Williams-Sonoma from $202.00 to $188.00 and set a “neutral” rating for the company in a research note on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $200.76.

Williams-Sonoma Trading Down 2.3%

Shares of Williams-Sonoma stock traded down $4.87 on Tuesday, hitting $206.65. 378,247 shares of the company traded hands, compared to its average volume of 1,125,439. Williams-Sonoma has a 12-month low of $130.07 and a 12-month high of $219.98. The company has a market cap of $24.67 billion, a P/E ratio of 22.78, a P/E/G ratio of 3.31 and a beta of 1.58. The firm’s 50-day simple moving average is $187.65 and its 200 day simple moving average is $190.41.

Williams-Sonoma (NYSE:WSM) last released its earnings results on Wednesday, November 19th. The specialty retailer reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.09. Williams-Sonoma had a return on equity of 53.10% and a net margin of 14.30%.The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the firm earned $1.96 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. Analysts predict that Williams-Sonoma will post 8.36 earnings per share for the current year.

Insider Transactions at Williams-Sonoma

In other news, EVP Karalyn Yearout sold 767 shares of Williams-Sonoma stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $205.16, for a total transaction of $157,357.72. Following the transaction, the executive vice president owned 13,236 shares in the company, valued at $2,715,497.76. This trade represents a 5.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Laura Alber sold 35,000 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $207.39, for a total transaction of $7,258,650.00. Following the sale, the chief executive officer directly owned 806,537 shares of the company’s stock, valued at approximately $167,267,708.43. The trade was a 4.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 65,767 shares of company stock worth $12,802,440. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Williams-Sonoma

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Maseco LLP purchased a new position in shares of Williams-Sonoma during the 2nd quarter valued at about $26,000. True Wealth Design LLC lifted its holdings in Williams-Sonoma by 111.8% during the third quarter. True Wealth Design LLC now owns 144 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 76 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its position in shares of Williams-Sonoma by 130.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 180 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 102 shares during the period. Triumph Capital Management bought a new position in shares of Williams-Sonoma in the third quarter worth approximately $37,000. Finally, Cary Street Partners Investment Advisory LLC increased its stake in shares of Williams-Sonoma by 66.7% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 220 shares of the specialty retailer’s stock worth $43,000 after purchasing an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

About Williams-Sonoma

Williams‑Sonoma, Inc is a specialty retailer focused on the home and culinary markets, best known for premium cookware, kitchen tools and home furnishings. The company traces its roots to a single cookware store founded by Chuck Williams in 1956 in Sonoma, California, and has evolved into a multi‑brand home furnishings and housewares business. Its merchandise mix spans cookware and kitchen electrics, tabletop and food prep items, furniture, bedding, lighting and decorative accessories designed for both everyday use and higher‑end interiors.

The company operates a portfolio of consumer brands that target distinct segments of the home market.