BTIG Research Reiterates “Sell” Rating for Williams-Sonoma, Inc. (WSM)
Williams-Sonoma, Inc. (NYSE:WSM)‘s stock had its “sell” rating reaffirmed by research analysts at BTIG Research in a research note issued to investors on Monday. They currently have a $41.00 price target on the specialty retailer’s stock. BTIG Research’s target price would indicate a potential downside of 4.32% from the stock’s previous close.
Several other equities analysts have also recently commented on the stock. Loop Capital reaffirmed a “hold” rating and set a $54.00 price target on shares of Williams-Sonoma in a research report on Monday. Zacks Investment Research raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Wednesday, August 16th. BidaskClub raised shares of Williams-Sonoma from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. SunTrust Banks, Inc. set a $62.00 price target on shares of Williams-Sonoma and gave the stock a “buy” rating in a research report on Saturday, June 10th. Finally, ValuEngine cut shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $55.97.
Shares of Williams-Sonoma (NYSE WSM) opened at 42.85 on Monday. Williams-Sonoma has a 52-week low of $42.77 and a 52-week high of $57.40. The firm has a market cap of $3.71 billion, a PE ratio of 12.48 and a beta of 0.89. The stock’s 50 day moving average price is $45.75 and its 200-day moving average price is $49.00.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Wednesday, May 24th. The specialty retailer reported $0.51 EPS for the quarter, topping the consensus estimate of $0.49 by $0.02. Williams-Sonoma had a net margin of 5.99% and a return on equity of 25.51%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the company posted $0.53 earnings per share. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities research analysts anticipate that Williams-Sonoma will post $3.56 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue bought a new position in Williams-Sonoma during the first quarter worth approximately $361,000. Bank of Montreal Can raised its position in Williams-Sonoma by 94.3% in the first quarter. Bank of Montreal Can now owns 21,506 shares of the specialty retailer’s stock worth $1,153,000 after buying an additional 10,436 shares in the last quarter. Pacer Advisors Inc. raised its position in Williams-Sonoma by 30.8% in the first quarter. Pacer Advisors Inc. now owns 10,444 shares of the specialty retailer’s stock worth $560,000 after buying an additional 2,461 shares in the last quarter. Menta Capital LLC bought a new position in Williams-Sonoma during the first quarter worth approximately $2,231,000. Finally, First Long Island Investors LLC raised its position in Williams-Sonoma by 30.4% in the first quarter. First Long Island Investors LLC now owns 184,769 shares of the specialty retailer’s stock worth $9,907,000 after buying an additional 43,090 shares in the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.
Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company’s e-commerce Websites and direct-mail catalogs.
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