Williams-Sonoma (NYSE:WSM) Given New $185.00 Price Target at UBS Group

Williams-Sonoma (NYSE:WSM) had its target price raised by UBS Group from $175.00 to $185.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the specialty retailer’s stock. UBS Group’s price target points to a potential downside of 0.38% from the company’s previous close.

Other analysts also recently issued reports about the stock. Citigroup boosted their price target on shares of Williams-Sonoma from $188.00 to $208.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. Zelman & Associates upgraded Williams-Sonoma from an “underperform” rating to a “neutral” rating and set a $205.00 price objective for the company in a research report on Thursday, January 29th. Wells Fargo & Company raised their target price on shares of Williams-Sonoma from $190.00 to $205.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 11th. Weiss Ratings upgraded shares of Williams-Sonoma from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Finally, Evercore set a $215.00 price target on shares of Williams-Sonoma in a research report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $203.78.

Williams-Sonoma Stock Performance

WSM traded down $2.69 during trading on Wednesday, reaching $185.70. The stock had a trading volume of 900,478 shares, compared to its average volume of 1,042,376. The business has a 50-day moving average of $204.97 and a 200-day moving average of $195.50. Williams-Sonoma has a one year low of $130.07 and a one year high of $222.00. The stock has a market cap of $22.17 billion, a PE ratio of 20.49, a PEG ratio of 2.82 and a beta of 1.64.

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 35,000 shares of Williams-Sonoma stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $207.39, for a total value of $7,258,650.00. Following the completion of the transaction, the chief executive officer directly owned 806,537 shares of the company’s stock, valued at approximately $167,267,708.43. The trade was a 4.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Karalyn Yearout sold 767 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $205.16, for a total value of $157,357.72. Following the completion of the transaction, the executive vice president directly owned 13,236 shares in the company, valued at $2,715,497.76. This trade represents a 5.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Williams-Sonoma

A number of hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Williams-Sonoma in the fourth quarter worth approximately $25,000. True Wealth Design LLC lifted its position in Williams-Sonoma by 111.8% during the third quarter. True Wealth Design LLC now owns 144 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 76 shares during the period. Atlantic Union Bankshares Corp boosted its holdings in Williams-Sonoma by 51.5% in the fourth quarter. Atlantic Union Bankshares Corp now owns 147 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 50 shares during the last quarter. MidFirst Bank bought a new stake in Williams-Sonoma in the 4th quarter worth approximately $30,000. Finally, DV Equities LLC purchased a new stake in Williams-Sonoma during the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Company Profile

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.