TD Cowen Increases Williams-Sonoma (NYSE:WSM) Price Target to $320.00

Williams-Sonoma (NYSE:WSM) had its target price boosted by TD Cowen from $260.00 to $320.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the specialty retailer’s stock. TD Cowen’s target price would suggest a potential upside of 12.12% from the stock’s current price.

A number of other equities analysts also recently commented on WSM. Bank of America increased their price objective on Williams-Sonoma from $222.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, March 5th. Oppenheimer restated a “market perform” rating on shares of Williams-Sonoma in a report on Friday. Royal Bank of Canada boosted their price objective on shares of Williams-Sonoma from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, November 17th. Morgan Stanley raised shares of Williams-Sonoma from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $155.00 to $270.00 in a research report on Thursday. Finally, StockNews.com raised Williams-Sonoma from a “hold” rating to a “buy” rating in a research report on Wednesday, March 13th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $230.06.

Williams-Sonoma Stock Performance

Shares of NYSE:WSM traded up $1.65 during trading hours on Thursday, hitting $285.42. The stock had a trading volume of 1,253,396 shares, compared to its average volume of 1,093,709. Williams-Sonoma has a 1-year low of $109.44 and a 1-year high of $292.40. The stock’s fifty day simple moving average is $221.06 and its 200 day simple moving average is $186.91. The firm has a market capitalization of $18.31 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 1.94 and a beta of 1.66.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Wednesday, March 13th. The specialty retailer reported $5.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.06 by $0.38. Williams-Sonoma had a return on equity of 55.15% and a net margin of 12.25%. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the company earned $5.50 EPS. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. As a group, research analysts anticipate that Williams-Sonoma will post 14.72 EPS for the current year.

Insider Transactions at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $201.92, for a total value of $4,038,400.00. Following the sale, the chief executive officer now owns 525,509 shares in the company, valued at $106,110,777.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is owned by insiders.

Institutional Trading of Williams-Sonoma

Several institutional investors and hedge funds have recently modified their holdings of WSM. FinTrust Capital Advisors LLC increased its position in Williams-Sonoma by 9.5% in the fourth quarter. FinTrust Capital Advisors LLC now owns 521 shares of the specialty retailer’s stock worth $105,000 after buying an additional 45 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in Williams-Sonoma by 30.5% in the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 54 shares during the period. Quent Capital LLC grew its position in shares of Williams-Sonoma by 27.8% during the 4th quarter. Quent Capital LLC now owns 299 shares of the specialty retailer’s stock valued at $60,000 after purchasing an additional 65 shares in the last quarter. TFG Advisers LLC raised its position in shares of Williams-Sonoma by 2.6% in the fourth quarter. TFG Advisers LLC now owns 2,642 shares of the specialty retailer’s stock worth $533,000 after buying an additional 67 shares in the last quarter. Finally, JGP Wealth Management LLC boosted its stake in Williams-Sonoma by 1.2% during the fourth quarter. JGP Wealth Management LLC now owns 5,725 shares of the specialty retailer’s stock valued at $1,155,000 after buying an additional 69 shares during the period. 99.76% of the stock is owned by hedge funds and other institutional investors.

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.