Williams-Sonoma (NYSE:WSM) Price Target Raised to $226.00 at Jefferies Financial Group

Williams-Sonoma (NYSE:WSM) had its price target raised by Jefferies Financial Group from $194.00 to $226.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the specialty retailer’s stock.

WSM has been the topic of a number of other reports. TD Cowen boosted their target price on Williams-Sonoma from $165.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Loop Capital lifted their price objective on shares of Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. increased their price objective on shares of Williams-Sonoma from $136.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Telsey Advisory Group lifted their target price on shares of Williams-Sonoma from $165.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Robert W. Baird decreased their price target on shares of Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, August 23rd. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $158.78.

Williams-Sonoma Stock Performance

Williams-Sonoma stock opened at $183.68 on Wednesday. The stock has a 50-day simple moving average of $157.42 and a 200 day simple moving average of $149.48. The stock has a market capitalization of $22.61 billion, a P/E ratio of 21.72, a PEG ratio of 2.98 and a beta of 1.81. Williams-Sonoma has a 52 week low of $95.76 and a 52 week high of $199.41.

Williams-Sonoma Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 17th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.28 annualized dividend and a yield of 1.24%. Williams-Sonoma’s dividend payout ratio is presently 26.98%.

Insider Activity

In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $130.49, for a total value of $5,219,600.00. Following the sale, the chief executive officer now owns 990,956 shares of the company’s stock, valued at approximately $129,309,848.44. This trade represents a 3.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jeffrey Howie sold 3,160 shares of Williams-Sonoma stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $177.39, for a total value of $560,552.40. Following the completion of the transaction, the chief financial officer now owns 46,388 shares in the company, valued at approximately $8,228,767.32. The trade was a 6.38 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of Williams-Sonoma

Large investors have recently bought and sold shares of the business. Quest Partners LLC acquired a new position in Williams-Sonoma during the second quarter worth about $26,000. Crewe Advisors LLC bought a new stake in shares of Williams-Sonoma during the 2nd quarter valued at approximately $29,000. Smithfield Trust Co increased its position in Williams-Sonoma by 100.0% during the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 80 shares in the last quarter. Cassady Schiller Wealth Management LLC lifted its stake in Williams-Sonoma by 100.0% in the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 83 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Williams-Sonoma during the third quarter worth $28,000. 99.29% of the stock is owned by institutional investors and hedge funds.

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.