Williams-Sonoma (NYSE:WSM) Given New $180.00 Price Target at Evercore ISI

Williams-Sonoma (NYSE:WSM) had its price target increased by Evercore ISI from $140.00 to $180.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “in-line” rating on the specialty retailer’s stock. Evercore ISI’s target price would suggest a potential upside of 5.63% from the stock’s current price.

Several other research firms have also recently weighed in on WSM. Wedbush cut Williams-Sonoma from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $150.00 to $135.00 in a research report on Wednesday, October 30th. Citigroup reduced their price objective on Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Loop Capital raised their price objective on shares of Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a research note on Thursday. Wells Fargo & Company cut their target price on shares of Williams-Sonoma from $158.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th. Finally, Jefferies Financial Group upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and raised their price target for the stock from $148.00 to $156.00 in a research report on Wednesday, September 11th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $148.47.

Williams-Sonoma Stock Performance

Shares of Williams-Sonoma stock traded down $4.64 on Thursday, reaching $170.40. The stock had a trading volume of 987,790 shares, compared to its average volume of 1,958,437. The business’s 50-day moving average price is $142.34 and its two-hundred day moving average price is $144.55. The stock has a market cap of $21.53 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 2.71 and a beta of 1.76. Williams-Sonoma has a fifty-two week low of $89.87 and a fifty-two week high of $181.42.

Williams-Sonoma (NYSE:WSM) last released its earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.13. Williams-Sonoma had a net margin of 14.29% and a return on equity of 51.57%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the business earned $1.56 EPS. The business’s revenue was down 4.0% on a year-over-year basis. As a group, equities analysts forecast that Williams-Sonoma will post 7.95 earnings per share for the current fiscal year.

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, EVP Karalyn Smith sold 11,100 shares of Williams-Sonoma stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $134.66, for a total value of $1,494,726.00. Following the completion of the transaction, the executive vice president now owns 15,150 shares in the company, valued at approximately $2,040,099. The trade was a 42.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Laura Alber sold 40,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $145.27, for a total value of $5,810,800.00. Following the sale, the chief executive officer now owns 1,030,956 shares in the company, valued at $149,766,978.12. The trade was a 3.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 91,100 shares of company stock valued at $12,525,126 in the last ninety days. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Williams-Sonoma

A number of institutional investors have recently modified their holdings of WSM. Oppenheimer & Co. Inc. increased its holdings in shares of Williams-Sonoma by 186.0% in the third quarter. Oppenheimer & Co. Inc. now owns 7,536 shares of the specialty retailer’s stock valued at $1,167,000 after purchasing an additional 4,901 shares in the last quarter. OneDigital Investment Advisors LLC raised its position in shares of Williams-Sonoma by 97.1% during the third quarter. OneDigital Investment Advisors LLC now owns 6,167 shares of the specialty retailer’s stock worth $955,000 after acquiring an additional 3,038 shares during the last quarter. Novare Capital Management LLC raised its position in shares of Williams-Sonoma by 68.7% during the third quarter. Novare Capital Management LLC now owns 10,145 shares of the specialty retailer’s stock worth $1,572,000 after acquiring an additional 4,132 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Williams-Sonoma by 105.0% during the third quarter. Raymond James & Associates now owns 173,621 shares of the specialty retailer’s stock valued at $26,897,000 after acquiring an additional 88,936 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Williams-Sonoma by 110.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 244,846 shares of the specialty retailer’s stock valued at $37,932,000 after acquiring an additional 128,523 shares during the last quarter. 99.29% of the stock is owned by 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.