Williams-Sonoma (NYSE:WSM) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Williams-Sonoma (NYSE:WSM) had its price target hoisted by equities researchers at Wells Fargo & Company from $165.00 to $185.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 4.00% from the company’s current price.

A number of other brokerages have also issued reports on WSM. Royal Bank of Canada increased their target price on Williams-Sonoma from $162.00 to $189.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Loop Capital lifted their target price on shares of Williams-Sonoma from $145.00 to $180.00 and gave the company a “hold” rating in a research report on Thursday, November 21st. Telsey Advisory Group upped their price target on shares of Williams-Sonoma from $165.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Wedbush lifted their price objective on Williams-Sonoma from $135.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Finally, Evercore ISI increased their target price on Williams-Sonoma from $140.00 to $180.00 and gave the company an “in-line” rating in a report on Thursday, November 21st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $160.03.

Williams-Sonoma Stock Up 2.7 %

Shares of Williams-Sonoma stock opened at $192.70 on Monday. The firm has a market cap of $23.72 billion, a PE ratio of 22.79, a P/E/G ratio of 2.98 and a beta of 1.79. The business has a 50-day moving average price of $166.44 and a 200 day moving average price of $151.99. Williams-Sonoma has a twelve month low of $95.76 and a twelve month high of $199.41.

Insider Buying and Selling at Williams-Sonoma

In related news, CFO Jeffrey Howie sold 3,160 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was 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 directly owns 46,388 shares of the company’s stock, valued at $8,228,767.32. This trade represents a 6.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Laura Alber sold 40,000 shares of the business’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 in the company, valued at approximately $129,309,848.44. The trade was a 3.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WSM. Quest Partners LLC acquired a new position in Williams-Sonoma during the second quarter worth about $26,000. Smithfield Trust Co raised its holdings in shares of Williams-Sonoma by 100.0% during the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 80 shares during the period. Cassady Schiller Wealth Management LLC lifted its position in Williams-Sonoma by 100.0% during the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 83 shares in the last quarter. Brooklyn Investment Group purchased a new position in Williams-Sonoma in the 3rd quarter worth approximately $28,000. Finally, Clean Yield Group acquired a new stake in Williams-Sonoma in the third quarter valued at approximately $30,000. Institutional investors and hedge funds 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.