Williams-Sonoma (NYSE:WSM) Price Target Raised to $225.00 at Telsey Advisory Group

Williams-Sonoma (NYSE:WSM) had its target price upped by equities researchers at Telsey Advisory Group from $215.00 to $225.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the specialty retailer’s stock. Telsey Advisory Group’s price objective indicates a potential upside of 23.57% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. raised their target price on shares of Williams-Sonoma from $168.00 to $215.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Gordon Haskett upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a report on Wednesday, July 23rd. Citigroup boosted their target price on Williams-Sonoma from $162.00 to $202.00 and gave the company a “neutral” rating in a research note on Friday, August 22nd. Wells Fargo & Company raised their price target on Williams-Sonoma from $190.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, KeyCorp boosted their price objective on shares of Williams-Sonoma from $181.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, August 25th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $199.94.

Williams-Sonoma Stock Performance

NYSE:WSM traded down $4.38 during trading hours on Friday, reaching $182.09. The company’s stock had a trading volume of 1,476,289 shares, compared to its average volume of 1,698,239. The firm has a 50-day simple moving average of $194.74 and a 200-day simple moving average of $181.65. Williams-Sonoma has a 1 year low of $129.36 and a 1 year high of $219.98. The firm has a market capitalization of $22.18 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 3.16 and a beta of 1.56.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Wednesday, August 27th. The specialty retailer reported $2.00 EPS for the quarter, topping the consensus estimate of $1.79 by $0.21. Williams-Sonoma had a return on equity of 54.47% and a net margin of 14.54%.The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the business earned $1.74 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Williams-Sonoma has set its FY 2025 guidance at EPS. Equities analysts anticipate that Williams-Sonoma will post 8.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Williams-Sonoma news, CFO Jeffrey Howie sold 3,153 shares of the business’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $198.84, for a total value of $626,942.52. Following the sale, the chief financial officer directly owned 34,138 shares of the company’s stock, valued at approximately $6,787,999.92. The trade was a 8.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Karalyn Yearout sold 3,500 shares of the stock in a transaction on Wednesday, September 24th. The stock was 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 in the company, valued at approximately $2,783,656.37. This represents a 20.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 114,153 shares of company stock worth $22,901,008 over the last three months. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Williams-Sonoma

Several institutional investors have recently modified their holdings of WSM. Vanguard Group Inc. lifted its stake in Williams-Sonoma by 21.8% during the 1st quarter. Vanguard Group Inc. now owns 15,630,310 shares of the specialty retailer’s stock valued at $2,471,152,000 after acquiring an additional 2,797,562 shares during the period. State Street Corp increased its position in Williams-Sonoma by 2.2% during the second quarter. State Street Corp now owns 5,991,697 shares of the specialty retailer’s stock valued at $978,864,000 after acquiring an additional 127,597 shares during the last quarter. First Trust Advisors LP lifted its holdings in Williams-Sonoma by 30.7% in the third quarter. First Trust Advisors LP now owns 2,269,461 shares of the specialty retailer’s stock valued at $443,566,000 after acquiring an additional 532,995 shares during the period. Invesco Ltd. boosted its position in Williams-Sonoma by 30.6% in the second quarter. Invesco Ltd. now owns 1,741,639 shares of the specialty retailer’s stock worth $284,532,000 after purchasing an additional 407,929 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Williams-Sonoma by 34.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,436,839 shares of the specialty retailer’s stock worth $227,164,000 after purchasing an additional 365,718 shares during the last quarter. 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.