Williams-Sonoma (NYSE:WSM) had its target price increased by stock analysts at Wolfe Research from $52.00 to $55.00 in a research note issued on Thursday, March 15th, MarketBeat Ratings reports. The brokerage presently has a “peer perform” rating on the specialty retailer’s stock. Wolfe Research’s price target points to a potential upside of 9.34% from the stock’s previous close.
A number of other research firms also recently issued reports on WSM. Credit Suisse Group set a $48.00 target price on shares of Williams-Sonoma and gave the company an “underperform” rating in a research report on Thursday, March 15th. Goldman Sachs cut shares of Williams-Sonoma from a “buy” rating to a “neutral” rating in a report on Tuesday, January 16th. Zacks Investment Research cut shares of Williams-Sonoma from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Gordon Haskett raised shares of Williams-Sonoma from a “reduce” rating to a “hold” rating and set a $61.00 price objective for the company in a report on Wednesday, March 14th. Finally, Loop Capital boosted their target price on shares of Williams-Sonoma to $55.00 and gave the stock a “hold” rating in a research note on Thursday, March 15th. They noted that the move was a valuation call. Six analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $51.21.
Shares of WSM opened at $50.30 on Thursday. The company has a market capitalization of $4,375.43, a price-to-earnings ratio of 13.93, a PEG ratio of 0.96 and a beta of 0.73. Williams-Sonoma has a twelve month low of $42.68 and a twelve month high of $56.38. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 0.57.
Williams-Sonoma (NYSE:WSM) last announced its earnings results on Wednesday, March 14th. The specialty retailer reported $1.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.07. Williams-Sonoma had a net margin of 4.90% and a return on equity of 26.06%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the firm earned $1.55 earnings per share. Williams-Sonoma’s revenue was up 6.2% compared to the same quarter last year. equities analysts predict that Williams-Sonoma will post 4.18 earnings per share for the current fiscal year.
Williams-Sonoma announced that its Board of Directors has approved a share buyback plan on Wednesday, March 14th that permits the company to repurchase $286.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
In related news, CEO Laura Alber sold 97,965 shares of the stock in a transaction on Monday, March 19th. The shares were sold at an average price of $54.21, for a total value of $5,310,682.65. Following the transaction, the chief executive officer now directly owns 264,621 shares of the company’s stock, valued at approximately $14,345,104.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Janet Hayes sold 9,034 shares of the stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of $51.66, for a total transaction of $466,696.44. Following the completion of the transaction, the insider now directly owns 38,563 shares in the company, valued at $1,992,164.58. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
A number of large investors have recently modified their holdings of WSM. Amundi Pioneer Asset Management Inc. acquired a new stake in Williams-Sonoma during the 4th quarter worth $49,000,000. APG Asset Management N.V. boosted its stake in Williams-Sonoma by 124.1% during the 4th quarter. APG Asset Management N.V. now owns 1,040,700 shares of the specialty retailer’s stock worth $44,807,000 after purchasing an additional 576,300 shares during the period. Bank of New York Mellon Corp boosted its stake in Williams-Sonoma by 17.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,465,043 shares of the specialty retailer’s stock worth $122,907,000 after purchasing an additional 360,493 shares during the period. Brandywine Global Investment Management LLC lifted its stake in shares of Williams-Sonoma by 339.3% in the 4th quarter. Brandywine Global Investment Management LLC now owns 332,624 shares of the specialty retailer’s stock worth $17,197,000 after acquiring an additional 256,905 shares during the period. Finally, Royce & Associates LP acquired a new stake in shares of Williams-Sonoma in the 3rd quarter worth $9,124,000.
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Williams-Sonoma Company Profile
Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams-Sonoma brand, as well as home furnishings and decorative accessories under the Williams-Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.
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