2 days Ago By Defense World Staff
Williams-Sonoma ( NYSE:WSM – Get Free Report ) had its target price increased by research analysts at Wells Fargo & Company from $140.00 to $165.00 in a research report issued to clients and investors on Thursday, Benzinga reports.
The brokerage presently has an “equal weight” rating on the specialty retailer’s stock. Wells Fargo & Company ‘s target price points to a potential downside of 4.00% from the stock’s previous close.
Several other brokerages have also commented on WSM. Royal Bank of Canada boosted their target price on shares of Williams-Sonoma from $162.00 to $189.
00 and gave the stock an “outperform” rating in a research report on Thursday. Barclays upped their target price on shares of Williams-Sonoma from $116.00 to $123.
00 and gave the stock an “underweight” rating in a research report on Thursday. Citigroup decreased their price target on Williams-Sonoma from $140.00 to $134.
00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group raised Williams-Sonoma from a “hold” rating to a “buy” rating and raised their price objective for the company from $148.00 to $156.
00 in a research note on Wednesday, September 11th. Finally, Loop Capital boosted their target price on Williams-Sonoma from $145.00 to $180.
00 and gave the stock a “hold” rating in a research report on Thursday. Three research 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’s stock. Based on data from MarketBeat.
com, the company has a consensus rating of “Hold” and a consensus price target of $154.41. Read Our Latest Research Report on Williams-Sonoma Williams-Sonoma Stock Performance Williams-Sonoma ( NYSE:WSM – Get Free Report ) last announced its quarterly earnings data on Thursday, August 22nd.
The specialty retailer reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.
13. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.
81 billion. Williams-Sonoma had a return on equity of 51.57% and a net margin of 14.
29%. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year.
During the same quarter in the previous year, the company earned $1.56 EPS. Equities analysts forecast that Williams-Sonoma will post 7.
95 earnings per share for the current fiscal year. Insider Activity In other news, EVP Karalyn Smith sold 11,100 shares of Williams-Sonoma stock in a transaction that occurred on 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 sale, the executive vice president now owns 15,150 shares in the company, valued at $2,040,099.
This trade represents a 42.29 % decrease in their ownership of the stock. 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 stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $130.49, for a total value of $5,219,600.
00. Following the completion of the transaction, the chief executive officer now directly owns 990,956 shares of the company’s stock, valued at $129,309,848.44.
This represents a 3.88 % decrease in their position. The disclosure for this sale can be found here .
Insiders sold a total of 91,100 shares of company stock valued at $12,525,126 over the last quarter. Company insiders own 1.50% of the company’s stock.
Institutional Investors Weigh In On Williams-Sonoma Institutional investors and hedge funds have recently made changes to their positions in the company. Smithfield Trust Co increased its stake in Williams-Sonoma by 100.0% during the third quarter.
Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 80 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Williams-Sonoma during the second quarter valued at $26,000. Cassady Schiller Wealth Management LLC grew its position in shares of Williams-Sonoma by 100.
0% during the third 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 during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Williams-Sonoma in the 3rd quarter worth about $28,000.
Finally, Crewe Advisors LLC acquired a new position in Williams-Sonoma during the 2nd quarter valued at about $29,000. 99.29% of the stock is owned by institutional investors and hedge funds.
About Williams-Sonoma ( 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. Featured Stories Five stocks we like better than Williams-Sonoma TSX Venture Exchange (Formerly Canadian Venture Exchange) Tesla Investors Continue to Profit From the Trump Trade Profitably Trade Stocks at 52-Week Highs MicroStrategy’s Stock Dip vs.
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