Evercore ISI Raises Williams-Sonoma (NYSE:WSM) Price Target to $180.00

Williams-Sonoma (NYSE:WSM) had its target price boosted by Evercore ISI from $140.00 to $180.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “in-line” rating on the specialty retailer’s stock. Evercore ISI’s price target would suggest a potential upside of 4.73% from the stock’s previous close.

Several other brokerages also recently commented on WSM. Telsey Advisory Group lifted their price target on Williams-Sonoma from $165.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday. Loop Capital boosted their target price on shares of Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a research report on Thursday. TD Cowen increased their price target on shares of Williams-Sonoma from $150.00 to $160.00 and gave the company a “buy” rating in a report on Monday, September 16th. Citigroup dropped their price objective on shares of Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Finally, Jefferies Financial Group upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and increased their target price for the company from $148.00 to $156.00 in a research note on Wednesday, September 11th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $154.41.

Williams-Sonoma Trading Down 0.4 %

NYSE:WSM opened at $171.88 on Thursday. The firm has a market capitalization of $21.71 billion, a PE ratio of 20.46, a PEG ratio of 2.71 and a beta of 1.76. Williams-Sonoma has a 1 year low of $90.31 and a 1 year high of $181.42. The firm’s fifty day simple moving average is $143.08 and its 200 day simple moving average is $144.74.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.13. Williams-Sonoma had a return on equity of 51.57% and a net margin of 14.29%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the business posted $1.56 earnings per share. The firm’s revenue was down 4.0% compared to the same quarter last year. As a group, analysts anticipate that Williams-Sonoma will post 7.95 EPS for the current fiscal year.

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the business’s 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 transaction, the chief executive officer now owns 1,030,956 shares of the company’s stock, valued at approximately $149,766,978.12. The trade was a 3.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Karalyn Smith sold 11,100 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $134.66, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 91,100 shares of company stock valued at $12,525,126. 1.50% of the stock is owned by company insiders.

Institutional Trading of Williams-Sonoma

Hedge funds have recently bought and sold shares of the company. Motley Fool Asset Management LLC lifted its holdings in Williams-Sonoma by 4.4% in the 1st quarter. Motley Fool Asset Management LLC now owns 1,225 shares of the specialty retailer’s stock worth $389,000 after buying an additional 52 shares during the period. Quent Capital LLC boosted its holdings in Williams-Sonoma by 19.7% in the first quarter. Quent Capital LLC now owns 358 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 59 shares during the last quarter. EntryPoint Capital LLC boosted its holdings in shares of Williams-Sonoma by 520.0% in the first quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock worth $30,000 after buying an additional 78 shares during the last quarter. Smithfield Trust Co increased its position in Williams-Sonoma by 100.0% in the third quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock worth $25,000 after buying an additional 80 shares in the last quarter. Finally, Diversify Advisory Services LLC increased its stake in Williams-Sonoma by 2.6% in the 3rd quarter. Diversify Advisory Services LLC now owns 3,226 shares of the specialty retailer’s stock worth $500,000 after buying an additional 81 shares in the last quarter. 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.