Williams-Sonoma (NYSE:WSM) Price Target Raised to $210.00

Williams-Sonoma (NYSE:WSM) had its price target raised by Evercore ISI from $200.00 to $210.00 in a research note released on Tuesday, Marketbeat reports. They currently have an in-line rating on the specialty retailer’s stock.

WSM has been the topic of a number of other reports. Telsey Advisory Group cut their price target on Williams-Sonoma from $225.00 to $220.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Zelman & Associates upgraded shares of Williams-Sonoma from an “underperform” rating to a “neutral” rating and set a $205.00 target price on the stock in a research report on Thursday, January 29th. TD Cowen reissued a “buy” rating and set a $245.00 target price (up from $210.00) on shares of Williams-Sonoma in a report on Tuesday, January 20th. Royal Bank Of Canada set a $206.00 price target on shares of Williams-Sonoma and gave the company an “outperform” rating in a research report on Friday, November 21st. Finally, UBS Group set a $175.00 price target on shares of Williams-Sonoma and gave the company a “neutral” rating in a research note on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, Williams-Sonoma has an average rating of “Hold” and a consensus target price of $201.83.

Williams-Sonoma Price Performance

Shares of Williams-Sonoma stock opened at $212.31 on Tuesday. Williams-Sonoma has a fifty-two week low of $130.07 and a fifty-two week high of $221.81. The firm has a market capitalization of $25.35 billion, a P/E ratio of 23.36, a P/E/G ratio of 3.23 and a beta of 1.64. The company’s 50 day moving average price is $195.00 and its two-hundred day moving average price is $193.65.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings results on Wednesday, November 19th. The specialty retailer reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.09. Williams-Sonoma had a net margin of 14.30% and a return on equity of 53.10%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the business earned $1.96 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, analysts expect that Williams-Sonoma will post 8.36 earnings per share for the current year.

Williams-Sonoma Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, January 16th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, January 16th. Williams-Sonoma’s dividend payout ratio (DPR) is currently 29.04%.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, EVP Karalyn Yearout sold 767 shares of the company’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $205.16, for a total transaction of $157,357.72. Following the sale, the executive vice president owned 13,236 shares of the company’s stock, valued at approximately $2,715,497.76. This represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Laura Alber sold 35,000 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $207.39, for a total value of $7,258,650.00. Following the sale, the chief executive officer 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 65,767 shares of company stock worth $12,802,440. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Williams-Sonoma

Several institutional investors have recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp grew its position in shares of Williams-Sonoma by 51.5% during the 4th quarter. Atlantic Union Bankshares Corp now owns 147 shares of the specialty retailer’s stock worth $26,000 after buying an additional 50 shares during the period. True Wealth Design LLC boosted its stake in Williams-Sonoma by 111.8% during the third quarter. True Wealth Design LLC now owns 144 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 76 shares in the last quarter. Vermillion & White Wealth Management Group LLC grew its holdings in Williams-Sonoma by 130.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 180 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 102 shares during the period. Triumph Capital Management bought a new stake in Williams-Sonoma in the third quarter valued at $37,000. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in shares of Williams-Sonoma by 66.7% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 220 shares of the specialty retailer’s stock valued at $43,000 after purchasing an additional 88 shares during the period. 99.29% of the stock is owned by institutional investors and hedge funds.

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.