Williams-Sonoma (NYSE:WSM) Price Target Raised to $255.00

Williams-Sonoma (NYSE:WSM) had its target price hoisted by Telsey Advisory Group from $225.00 to $255.00 in a research note issued to investors on Thursday, Marketbeat Ratings reports. Telsey Advisory Group currently has an outperform rating on the specialty retailer’s stock.

A number of other brokerages also recently commented on WSM. Wells Fargo & Company boosted their price objective on Williams-Sonoma from $190.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 11th. Bank of America started coverage on shares of Williams-Sonoma in a report on Friday, June 12th. They issued a “buy” rating and a $250.00 target price on the stock. Piper Sandler began coverage on shares of Williams-Sonoma in a research note on Monday, July 27th. They issued an “overweight” rating and a $253.00 price target for the company. TD Cowen reiterated a “buy” rating on shares of Williams-Sonoma in a report on Monday, August 10th. Finally, Royal Bank Of Canada set a $192.00 price objective on shares of Williams-Sonoma and gave the company an “outperform” rating in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $231.88.

Williams-Sonoma Price Performance

WSM opened at $241.33 on Thursday. Williams-Sonoma has a 12 month low of $165.51 and a 12 month high of $254.89. The stock has a market capitalization of $28.42 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 2.65 and a beta of 1.50. The business has a fifty day moving average price of $229.71 and a 200 day moving average price of $206.58.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Thursday, May 21st. The specialty retailer reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.13. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. Williams-Sonoma had a return on equity of 53.29% and a net margin of 13.81%.Williams-Sonoma’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.85 EPS. On average, research analysts anticipate that Williams-Sonoma will post 9.38 earnings per share for the current year.

Williams-Sonoma Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, July 17th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, July 17th. Williams-Sonoma’s dividend payout ratio is currently 34.04%.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, EVP Karalyn Yearout sold 1,112 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $228.49, for a total transaction of $254,080.88. Following the transaction, the executive vice president owned 21,717 shares of the company’s stock, valued at approximately $4,962,117.33. This trade represents a 4.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Laura Alber sold 15,000 shares of Williams-Sonoma stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $200.00, for a total value of $3,000,000.00. Following the sale, the chief executive officer owned 923,524 shares in the company, valued at $184,704,800. This trade represents a 1.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 18,156 shares of company stock valued at $3,738,699 in the last 90 days. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Williams-Sonoma

Institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new stake in Williams-Sonoma in the 4th quarter valued at $25,000. Atlantic Union Bankshares Corp increased its stake in Williams-Sonoma by 51.5% in the fourth quarter. Atlantic Union Bankshares Corp now owns 147 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 50 shares during the period. MidFirst Bank acquired a new position in Williams-Sonoma in the fourth quarter valued at $30,000. Ballast Advisors LLC acquired a new position in Williams-Sonoma in the first quarter valued at $30,000. Finally, Millstone Evans Group LLC raised its holdings in shares of Williams-Sonoma by 229.4% in the first quarter. Millstone Evans Group LLC now owns 168 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 117 shares during the last quarter. 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.