Williams-Sonoma (NYSE:WSM) PT Raised to $300.00 at Robert W. Baird

Williams-Sonoma (NYSE:WSM) had its price objective increased by equities research analysts at Robert W. Baird from $200.00 to $300.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the specialty retailer’s stock. Robert W. Baird’s target price suggests a potential upside of 5.11% from the stock’s previous close.

A number of other analysts have also commented on WSM. Barclays boosted their target price on Williams-Sonoma from $146.00 to $232.00 and gave the company an “underweight” rating in a research report on Friday. Morgan Stanley upgraded shares of Williams-Sonoma from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $155.00 to $270.00 in a research note on Thursday. Wedbush lifted their price target on Williams-Sonoma from $230.00 to $280.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. StockNews.com upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating in a research report on Wednesday, March 13th. Finally, Oppenheimer reissued a “market perform” rating on shares of Williams-Sonoma in a research note on Friday. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Williams-Sonoma has a consensus rating of “Hold” and a consensus price target of $230.06.

Williams-Sonoma Trading Up 0.6 %

NYSE:WSM traded up $1.65 on Thursday, reaching $285.42. 1,253,396 shares of the stock traded hands, compared to its average volume of 1,093,709. The company’s 50 day moving average is $221.06 and its 200-day moving average is $186.91. Williams-Sonoma has a 1-year low of $109.44 and a 1-year high of $292.40. The firm has a market capitalization of $18.31 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 1.94 and a beta of 1.66.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Wednesday, March 13th. The specialty retailer reported $5.44 EPS for the quarter, beating analysts’ consensus estimates of $5.06 by $0.38. Williams-Sonoma had a net margin of 12.25% and a return on equity of 55.15%. The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the prior year, the firm posted $5.50 earnings per share. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. On average, equities research analysts forecast that Williams-Sonoma will post 14.72 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Laura Alber sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $201.92, for a total value of $4,038,400.00. Following the completion of the transaction, the chief executive officer now owns 525,509 shares in the company, valued at approximately $106,110,777.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. State Street Corp boosted its position in shares of Williams-Sonoma by 0.7% in the 2nd quarter. State Street Corp now owns 2,269,096 shares of the specialty retailer’s stock worth $283,955,000 after purchasing an additional 15,078 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Williams-Sonoma by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,456,161 shares of the specialty retailer’s stock worth $226,287,000 after acquiring an additional 18,004 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Williams-Sonoma by 24.1% in the first quarter. First Trust Advisors LP now owns 1,408,911 shares of the specialty retailer’s stock worth $204,292,000 after acquiring an additional 273,424 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Williams-Sonoma by 3.2% during the second quarter. Geode Capital Management LLC now owns 1,142,272 shares of the specialty retailer’s stock valued at $142,944,000 after acquiring an additional 35,315 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Williams-Sonoma by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 970,737 shares of the specialty retailer’s stock worth $195,882,000 after purchasing an additional 23,918 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors.

Williams-Sonoma Company Profile

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.