Williams-Sonoma (NYSE:WSM – Get Free Report) had its price target upped by equities researchers at Royal Bank of Canada from $150.00 to $165.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the specialty retailer’s stock. Royal Bank of Canada’s price target would suggest a potential downside of 8.30% from the company’s current price.
Several other research analysts have also recently issued reports on the company. The Goldman Sachs Group increased their price objective on Williams-Sonoma from $127.00 to $144.00 and gave the stock a “sell” rating in a research report on Friday. Bank of America boosted their target price on Williams-Sonoma from $146.00 to $167.00 in a research report on Thursday, October 5th. Jefferies Financial Group upgraded Williams-Sonoma from an “underperform” rating to a “hold” rating and raised their price target for the company from $116.00 to $144.00 in a research report on Tuesday, October 31st. Wedbush boosted their price objective on shares of Williams-Sonoma from $150.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, UBS Group increased their price objective on shares of Williams-Sonoma from $110.00 to $140.00 and gave the company a “sell” rating in a research note on Friday. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $151.61.
Williams-Sonoma Trading Up 5.0 %
Williams-Sonoma (NYSE:WSM – Get Free Report) last released its earnings results on Thursday, November 16th. The specialty retailer reported $3.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.32. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Williams-Sonoma had a return on equity of 64.43% and a net margin of 11.68%. Research analysts expect that Williams-Sonoma will post 13.92 EPS for the current year.
Insider Buying and Selling
In related news, CEO Laura Alber sold 18,189 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $154.92, for a total transaction of $2,817,839.88. Following the completion of the transaction, the chief executive officer now owns 545,509 shares of the company’s stock, valued at $84,510,254.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Williams-Sonoma news, CEO Laura Alber sold 18,189 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $154.92, for a total transaction of $2,817,839.88. Following the completion of the sale, the chief executive officer now directly owns 545,509 shares in the company, valued at $84,510,254.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marta Benson sold 10,000 shares of Williams-Sonoma stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $140.68, for a total value of $1,406,800.00. Following the completion of the transaction, the chief executive officer now directly owns 54,238 shares in the company, valued at $7,630,201.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 130,000 shares of company stock valued at $19,496,290. Insiders own 1.60% of the company’s stock.
Institutional Investors Weigh In On Williams-Sonoma
Several institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its position in Williams-Sonoma by 235.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,384,403 shares of the specialty retailer’s stock worth $168,426,000 after purchasing an additional 971,370 shares during the period. Norges Bank purchased a new stake in shares of Williams-Sonoma in the fourth quarter worth about $55,499,000. Holocene Advisors LP acquired a new stake in shares of Williams-Sonoma in the second quarter valued at about $56,497,000. Steadfast Capital Management LP purchased a new stake in shares of Williams-Sonoma during the 1st quarter valued at about $50,715,000. Finally, Envestnet Asset Management Inc. lifted its position in Williams-Sonoma by 320.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 426,300 shares of the specialty retailer’s stock worth $12,022,000 after acquiring an additional 324,941 shares in the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.
Williams-Sonoma Company Profile
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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