Williams-Sonoma (NYSE:WSM) Stock Rating Upgraded by The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Williams-Sonoma (NYSE:WSMFree Report) from a sell rating to a neutral rating in a report published on Thursday, MarketBeat Ratings reports. The firm currently has $263.00 price target on the specialty retailer’s stock, up from their prior price target of $154.00.

WSM has been the subject of several other reports. Evercore ISI raised their target price on Williams-Sonoma from $160.00 to $175.00 and gave the stock an in-line rating in a research report on Friday, November 17th. StockNews.com raised Williams-Sonoma from a hold rating to a buy rating in a research note on Wednesday, March 13th. Wedbush increased their target price on shares of Williams-Sonoma from $230.00 to $280.00 and gave the company an outperform rating in a research report on Thursday, March 7th. Morgan Stanley upgraded shares of Williams-Sonoma from an underweight rating to an equal weight rating and raised their price target for the stock from $155.00 to $270.00 in a report on Thursday. Finally, Loop Capital reaffirmed a hold rating and issued a $220.00 price objective (up from $200.00) on shares of Williams-Sonoma in a research note on Tuesday, March 5th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $188.81.

Read Our Latest Research Report on Williams-Sonoma

Williams-Sonoma Stock Down 0.7 %

Shares of WSM opened at $283.77 on Thursday. The business has a 50-day simple moving average of $221.06 and a two-hundred day simple moving average of $186.91. Williams-Sonoma has a 12-month low of $109.44 and a 12-month high of $292.40. The stock has a market cap of $18.20 billion, a PE ratio of 19.48, a PEG ratio of 1.93 and a beta of 1.66.

Williams-Sonoma (NYSE:WSMGet Free Report) last released its quarterly earnings data on Wednesday, March 13th. The specialty retailer reported $5.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.06 by $0.38. Williams-Sonoma had a return on equity of 55.15% and a net margin of 12.25%. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the firm posted $5.50 earnings per share. The firm’s revenue was down 7.1% compared to the same quarter last year. On average, equities research analysts expect that Williams-Sonoma will post 14.72 EPS for the current year.

Williams-Sonoma Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, April 19th will be issued a dividend of $1.13 per share. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.90. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, April 18th. Williams-Sonoma’s dividend payout ratio (DPR) is currently 24.71%.

Insider Activity at Williams-Sonoma

In related news, CEO Laura Alber sold 20,000 shares of Williams-Sonoma stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $201.92, for a total transaction of $4,038,400.00. Following the transaction, the chief executive officer now owns 525,509 shares of the company’s stock, valued at $106,110,777.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Hudson Bay Capital Management LP bought a new position in shares of Williams-Sonoma during the 3rd quarter worth approximately $4,102,000. Grantham Mayo Van Otterloo & Co. LLC boosted its position in Williams-Sonoma by 11.5% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 20,711 shares of the specialty retailer’s stock worth $3,218,000 after purchasing an additional 2,128 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Williams-Sonoma by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,456,161 shares of the specialty retailer’s stock valued at $226,287,000 after purchasing an additional 18,004 shares during the period. Geode Capital Management LLC increased its position in shares of Williams-Sonoma by 3.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,142,272 shares of the specialty retailer’s stock valued at $142,944,000 after purchasing an additional 35,315 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of Williams-Sonoma by 89.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 23,002 shares of the specialty retailer’s stock worth $3,575,000 after purchasing an additional 10,837 shares during the period. 99.76% of the stock is owned by institutional investors.

About Williams-Sonoma

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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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Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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