Williams-Sonoma, Inc. (NYSE:WSM) Receives $258.38 Average PT from Brokerages

Williams-Sonoma, Inc. (NYSE:WSMGet Free Report) has earned a consensus recommendation of “Hold” from the eighteen ratings firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $258.38.

WSM has been the subject of a number of recent research reports. StockNews.com cut shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. UBS Group increased their target price on shares of Williams-Sonoma from $195.00 to $255.00 and gave the company a “sell” rating in a research report on Tuesday, March 19th. Evercore ISI raised their price objective on shares of Williams-Sonoma from $310.00 to $315.00 and gave the stock an “in-line” rating in a research report on Tuesday, May 14th. Telsey Advisory Group restated an “outperform” rating and set a $340.00 price objective on shares of Williams-Sonoma in a research report on Wednesday. Finally, Needham & Company LLC restated a “hold” rating on shares of Williams-Sonoma in a research report on Wednesday, April 3rd.

Get Our Latest Stock Analysis on Williams-Sonoma

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 Friday, March 15th. The shares were sold at an average price of $283.74, for a total value of $5,674,800.00. Following the completion of the transaction, the chief executive officer now owns 505,509 shares in the company, valued at $143,433,123.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Laura Alber sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $283.74, for a total transaction of $5,674,800.00. Following the completion of the sale, the chief executive officer now owns 505,509 shares in the company, valued at approximately $143,433,123.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Marta Benson sold 17,816 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $308.19, for a total transaction of $5,490,713.04. Following the sale, the chief executive officer now owns 68,597 shares of the company’s stock, valued at approximately $21,140,909.43. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,145 shares of company stock worth $18,552,819. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Williams-Sonoma

Large investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Williams-Sonoma by 56.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,859 shares of the specialty retailer’s stock worth $4,485,000 after buying an additional 10,450 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Williams-Sonoma by 110.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 41,488 shares of the specialty retailer’s stock worth $6,447,000 after purchasing an additional 21,771 shares during the period. Fifth Third Bancorp lifted its stake in Williams-Sonoma by 26.5% in the third quarter. Fifth Third Bancorp now owns 558 shares of the specialty retailer’s stock valued at $87,000 after buying an additional 117 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Williams-Sonoma by 1.4% in the third quarter. Teacher Retirement System of Texas now owns 20,207 shares of the specialty retailer’s stock valued at $3,140,000 after buying an additional 279 shares during the last quarter. Finally, Csenge Advisory Group bought a new stake in Williams-Sonoma in the third quarter valued at $525,000. 99.29% of the stock is owned by institutional investors and hedge funds.

Williams-Sonoma Stock Performance

NYSE:WSM opened at $279.76 on Friday. The company has a fifty day moving average of $299.95 and a two-hundred day moving average of $236.95. The stock has a market capitalization of $17.97 billion, a PE ratio of 19.20, a P/E/G ratio of 2.66 and a beta of 1.72. Williams-Sonoma has a fifty-two week low of $109.44 and a fifty-two week high of $348.51.

Williams-Sonoma (NYSE:WSMGet Free Report) last issued its earnings results on Wednesday, March 13th. The specialty retailer reported $5.44 EPS for the quarter, beating analysts’ consensus estimates of $5.06 by $0.38. The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Williams-Sonoma had a net margin of 12.25% and a return on equity of 55.15%. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $5.50 earnings per share. Research analysts forecast that Williams-Sonoma will post 15.39 earnings per share for the current year.

Williams-Sonoma Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, April 19th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.62%. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.90. Williams-Sonoma’s payout ratio is 31.02%.

Williams-Sonoma Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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