Williams-Sonoma (NYSE:WSM) Price Target Raised to $205.00

Williams-Sonoma (NYSE:WSM) had its price target lifted by Wells Fargo & Company from $190.00 to $205.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 5.89% from the company’s previous close.

Several other research firms have also issued reports on WSM. UBS Group set a $200.00 price target on Williams-Sonoma in a research report on Thursday, August 28th. JPMorgan Chase & Co. raised their price target on shares of Williams-Sonoma from $168.00 to $215.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. The Goldman Sachs Group upped their price objective on Williams-Sonoma from $179.00 to $203.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Gordon Haskett raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a report on Wednesday, July 23rd. Finally, KeyCorp upped their price target on Williams-Sonoma from $181.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $199.39.

Williams-Sonoma Trading Down 0.5%

Williams-Sonoma stock traded down $1.05 on Tuesday, hitting $193.60. 7,286 shares of the stock traded hands, compared to its average volume of 1,704,133. The business’s fifty day simple moving average is $195.09 and its 200 day simple moving average is $181.26. The firm has a market cap of $23.58 billion, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 3.16 and a beta of 1.56. Williams-Sonoma has a 1 year low of $128.37 and a 1 year high of $219.98.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.21. Williams-Sonoma had a net margin of 14.54% and a return on equity of 54.47%. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period last year, the company posted $1.74 EPS. Williams-Sonoma’s revenue was up 2.7% on a year-over-year basis. Williams-Sonoma has set its FY 2025 guidance at EPS. As a group, analysts predict that Williams-Sonoma will post 8.36 earnings per share for the current year.

Insider Transactions at Williams-Sonoma

In related news, CEO Laura Alber sold 90,000 shares of Williams-Sonoma stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $200.17, for a total value of $18,015,300.00. Following the completion of the transaction, the chief executive officer owned 876,927 shares in the company, valued at approximately $175,534,477.59. This trade represents a 9.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Karalyn Yearout sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $198.79, for a total value of $695,765.00. Following the completion of the sale, the executive vice president directly owned 14,003 shares of the company’s stock, valued at $2,783,656.37. The trade was a 20.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 114,153 shares of company stock valued at $22,901,008 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. True Wealth Design LLC boosted its stake in shares of Williams-Sonoma by 111.8% during the 3rd quarter. True Wealth Design LLC now owns 144 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 76 shares during the period. Maseco LLP purchased a new position in shares of Williams-Sonoma during the second quarter valued at approximately $26,000. Vermillion & White Wealth Management Group LLC grew its stake in shares of Williams-Sonoma by 130.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 180 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 102 shares during the last quarter. Quarry LP raised its holdings in shares of Williams-Sonoma by 99.0% in the first quarter. Quarry LP now owns 199 shares of the specialty retailer’s stock worth $31,000 after buying an additional 99 shares during the period. Finally, Costello Asset Management INC bought a new stake in shares of Williams-Sonoma during the 1st quarter worth approximately $32,000. 99.29% 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.