Williams-Sonoma (NYSE:WSM) Price Target Cut to $200.00 by Analysts at Citigroup

Williams-Sonoma (NYSE:WSM) had its price target cut by equities research analysts at Citigroup from $208.00 to $200.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the specialty retailer’s stock. Citigroup’s target price would indicate a potential upside of 13.12% from the company’s current price.

Several other brokerages have also recently weighed in on WSM. Robert W. Baird dropped their price target on shares of Williams-Sonoma from $235.00 to $225.00 and set an “outperform” rating on the stock in a research note on Thursday, March 19th. Telsey Advisory Group restated an “outperform” rating and set a $220.00 price objective on shares of Williams-Sonoma in a research report on Thursday, March 12th. Zelman & Associates upgraded shares of Williams-Sonoma from an “underperform” rating to a “neutral” rating and set a $205.00 price objective on the stock in a research report on Thursday, January 29th. UBS Group raised their price objective on shares of Williams-Sonoma from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Wednesday, March 11th. Finally, TD Cowen decreased their price objective on shares of Williams-Sonoma from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $209.06.

Williams-Sonoma Stock Performance

Shares of Williams-Sonoma stock traded up $0.70 on Tuesday, hitting $176.80. 484,472 shares of the company’s stock were exchanged, compared to its average volume of 1,144,874. The company has a 50-day simple moving average of $187.07 and a 200-day simple moving average of $192.69. The stock has a market capitalization of $20.82 billion, a PE ratio of 19.99, a PEG ratio of 2.29 and a beta of 1.49. Williams-Sonoma has a 1 year low of $147.39 and a 1 year high of $222.00.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Wednesday, March 18th. The specialty retailer reported $3.04 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.14. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Williams-Sonoma had a net margin of 13.94% and a return on equity of 51.45%. The company’s revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the company posted $3.28 EPS. On average, analysts expect that Williams-Sonoma will post 9.24 EPS for the current fiscal year.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, EVP Karalyn Yearout sold 2,267 shares of Williams-Sonoma stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $192.49, for a total value of $436,374.83. Following the sale, the executive vice president directly owned 23,351 shares in the company, valued at approximately $4,494,833.99. The trade was a 8.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeffrey Howie sold 1,419 shares of Williams-Sonoma stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $188.45, for a total transaction of $267,410.55. Following the completion of the sale, the chief financial officer owned 34,138 shares in the company, valued at approximately $6,433,306.10. This represents a 3.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 71,370 shares of company stock worth $13,268,623. Insiders own 1.10% of the company’s stock.

Institutional Trading of Williams-Sonoma

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Atlantic Union Bankshares Corp increased its holdings in Williams-Sonoma by 51.5% in the 4th quarter. Atlantic Union Bankshares Corp now owns 147 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 50 shares during the last quarter. Diversify Advisory Services LLC increased its holdings in shares of Williams-Sonoma by 1.8% in the 4th quarter. Diversify Advisory Services LLC now owns 2,878 shares of the specialty retailer’s stock worth $514,000 after buying an additional 51 shares during the last quarter. Sentry Investment Management LLC increased its holdings in shares of Williams-Sonoma by 25.1% in the 3rd quarter. Sentry Investment Management LLC now owns 274 shares of the specialty retailer’s stock worth $52,000 after buying an additional 55 shares during the last quarter. Fulton Bank N.A. increased its holdings in shares of Williams-Sonoma by 0.5% in the 4th quarter. Fulton Bank N.A. now owns 10,438 shares of the specialty retailer’s stock worth $1,864,000 after buying an additional 55 shares during the last quarter. Finally, Mutual Advisors LLC increased its holdings in shares of Williams-Sonoma by 4.2% in the 4th quarter. Mutual Advisors LLC now owns 1,381 shares of the specialty retailer’s stock worth $247,000 after buying an additional 56 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors.

About Williams-Sonoma

Williams‑Sonoma, Inc is a specialty retailer focused on the home and culinary markets, best known for premium cookware, kitchen tools and home furnishings. The company traces its roots to a single cookware store founded by Chuck Williams in 1956 in Sonoma, California, and has evolved into a multi‑brand home furnishings and housewares business. Its merchandise mix spans cookware and kitchen electrics, tabletop and food prep items, furniture, bedding, lighting and decorative accessories designed for both everyday use and higher‑end interiors.

The company operates a portfolio of consumer brands that target distinct segments of the home market.