Williams-Sonoma, Inc. (NYSE:WSM) Given Consensus Rating of “Hold” by Analysts

Shares of Williams-Sonoma, Inc. (NYSE:WSM) have been assigned an average rating of “Hold” from the nineteen analysts that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $173.78.

Several research analysts recently issued reports on the stock. Barclays upped their price target on shares of Williams-Sonoma from $123.00 to $131.00 and gave the stock an “underweight” rating in a research report on Thursday. TD Cowen increased their price target on shares of Williams-Sonoma from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. raised their price target on shares of Williams-Sonoma from $136.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Loop Capital upped their price objective on Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a report on Thursday, November 21st. Finally, Evercore ISI lifted their target price on Williams-Sonoma from $140.00 to $180.00 and gave the company an “in-line” rating in a research note on Thursday, November 21st.

Insider Buying and Selling at Williams-Sonoma

In other news, CEO Laura Alber sold 45,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $207.76, for a total value of $9,349,200.00. Following the completion of the transaction, the chief executive officer now owns 944,666 shares of the company’s stock, valued at $196,263,808.16. The trade was a 4.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeffrey Howie sold 1,408 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $194.32, for a total transaction of $273,602.56. Following the completion of the sale, the chief financial officer now owns 46,388 shares of the company’s stock, valued at approximately $9,014,116.16. This represents a 2.95 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Williams-Sonoma

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC increased its holdings in Williams-Sonoma by 72.7% during the 3rd quarter. FMR LLC now owns 8,781,201 shares of the specialty retailer’s stock worth $1,360,384,000 after purchasing an additional 3,695,837 shares in the last quarter. State Street Corp grew its holdings in shares of Williams-Sonoma by 108.8% during the third quarter. State Street Corp now owns 5,329,125 shares of the specialty retailer’s stock worth $825,588,000 after buying an additional 2,777,339 shares in the last quarter. Norges Bank bought a new stake in Williams-Sonoma in the 4th quarter valued at approximately $290,121,000. Geode Capital Management LLC grew its stake in shares of Williams-Sonoma by 107.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,689,451 shares of the specialty retailer’s stock worth $418,223,000 after acquiring an additional 1,393,436 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in Williams-Sonoma by 118.7% during the third quarter. Pacer Advisors Inc. now owns 2,110,320 shares of the specialty retailer’s stock worth $326,931,000 after purchasing an additional 1,145,410 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Williams-Sonoma Stock Performance

Williams-Sonoma stock opened at $164.87 on Friday. The business’s fifty day moving average is $200.44 and its two-hundred day moving average is $170.62. The firm has a market cap of $20.30 billion, a P/E ratio of 19.50, a P/E/G ratio of 2.89 and a beta of 1.82. Williams-Sonoma has a 52 week low of $125.33 and a 52 week high of $219.98.

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.