Williams-Sonoma (NYSE:WSM) Stock Price Up 6.9% – Here’s What Happened

Williams-Sonoma, Inc. (NYSE:WSM)’s stock price rose 6.9% during trading on Wednesday . The stock traded as high as $193.62 and last traded at $194.6720. Approximately 539,224 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 1,077,006 shares. The stock had previously closed at $182.17.

Analyst Ratings Changes

WSM has been the topic of a number of recent research reports. UBS Group increased their price objective on shares of Williams-Sonoma from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Wednesday, March 11th. Weiss Ratings raised shares of Williams-Sonoma from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. Royal Bank Of Canada set a $206.00 target price on Williams-Sonoma and gave the stock an “outperform” rating in a report on Friday, November 21st. Evercore set a $215.00 target price on Williams-Sonoma in a research report on Tuesday, February 10th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $220.00 price target on shares of Williams-Sonoma in a report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Williams-Sonoma currently has a consensus rating of “Moderate Buy” and an average price target of $203.78.

Williams-Sonoma Trading Up 5.8%

The stock has a market cap of $23.01 billion, a PE ratio of 21.17, a P/E/G ratio of 2.73 and a beta of 1.64. The business’s 50-day moving average price is $204.50 and its 200-day moving average price is $195.11.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, EVP Karalyn Yearout sold 767 shares of Williams-Sonoma stock in a transaction 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 transaction, the executive vice president directly owned 13,236 shares of the company’s stock, valued at approximately $2,715,497.76. The trade was a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Laura Alber sold 35,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer directly owned 806,537 shares in the company, 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. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WSM. Caitong International Asset Management Co. Ltd purchased a new stake in Williams-Sonoma in the fourth quarter valued at about $25,000. Atlantic Union Bankshares Corp grew its stake in shares of Williams-Sonoma by 51.5% during the fourth quarter. Atlantic Union Bankshares Corp now owns 147 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 50 shares during the last quarter. True Wealth Design LLC grew its stake in shares of 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 during the last quarter. Vermillion & White Wealth Management Group LLC increased its holdings 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 acquiring an additional 102 shares in the last quarter. Finally, MidFirst Bank purchased a new position in shares of Williams-Sonoma in the 4th quarter valued at approximately $30,000. 99.29% of the stock is owned by institutional investors and hedge funds.

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.