Williams-Sonoma (NYSE:WSM) Price Target Lowered to $150.00 at TD Cowen

Williams-Sonoma (NYSE:WSM) had its price target decreased by analysts at TD Cowen from $170.00 to $150.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the specialty retailer’s stock. TD Cowen’s price objective points to a potential upside of 14.85% from the company’s current price.

WSM has been the subject of a number of other reports. Telsey Advisory Group restated an “outperform” rating and set a $170.00 price target on shares of Williams-Sonoma in a report on Monday. Wells Fargo & Company dropped their price target on shares of Williams-Sonoma from $158.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday. Morgan Stanley increased their price target on shares of Williams-Sonoma from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Williams-Sonoma in a report on Friday, June 7th. Finally, Wedbush lowered their price target on shares of Williams-Sonoma from $350.00 to $175.00 and set an “outperform” rating for the company in a report on Tuesday, July 16th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Williams-Sonoma currently has an average rating of “Hold” and an average target price of $136.77.

Williams-Sonoma Stock Down 9.2 %

Shares of NYSE:WSM opened at $130.61 on Friday. The company’s fifty day moving average is $146.38 and its two-hundred day moving average is $141.52. Williams-Sonoma has a 12-month low of $65.23 and a 12-month high of $174.26. The company has a market cap of $16.80 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 2.34 and a beta of 1.75.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.10. Williams-Sonoma had a net margin of 13.83% and a return on equity of 54.50%. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the business posted $1.56 earnings per share. Williams-Sonoma’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities research analysts anticipate that Williams-Sonoma will post 7.24 earnings per share for the current year.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of Williams-Sonoma stock in a transaction on Monday, July 15th. The shares were sold at an average price of $156.45, for a total value of $6,258,000.00. Following the sale, the chief executive officer now directly owns 1,070,956 shares in the company, valued at approximately $167,551,066.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Laura Alber sold 40,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $156.45, for a total transaction of $6,258,000.00. Following the transaction, the chief executive officer now directly owns 1,070,956 shares in the company, valued at approximately $167,551,066.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Monica Bhargava sold 17,862 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $149.14, for a total transaction of $2,663,938.68. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Institutional Trading of Williams-Sonoma

Several hedge funds and other institutional investors have recently modified their holdings of WSM. International Assets Investment Management LLC boosted its holdings in shares of Williams-Sonoma by 2,591.1% during the 4th quarter. International Assets Investment Management LLC now owns 1,211 shares of the specialty retailer’s stock worth $244,000 after buying an additional 1,166 shares during the period. Federated Hermes Inc. boosted its holdings in Williams-Sonoma by 3.4% in the 4th quarter. Federated Hermes Inc. now owns 8,506 shares of the specialty retailer’s stock valued at $1,716,000 after purchasing an additional 282 shares during the period. Lindbrook Capital LLC boosted its holdings in Williams-Sonoma by 30.5% in the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 54 shares during the period. Larson Financial Group LLC boosted its holdings in Williams-Sonoma by 82.7% in the 4th quarter. Larson Financial Group LLC now owns 601 shares of the specialty retailer’s stock valued at $121,000 after purchasing an additional 272 shares during the period. Finally, Linden Thomas Advisory Services LLC bought a new stake in Williams-Sonoma in the 4th quarter valued at about $253,000. Institutional investors own 99.29% of the company’s stock.

About Williams-Sonoma

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.