Williams-Sonoma (NYSE:WSM) Price Target Raised to $208.00 at Citigroup

Williams-Sonoma (NYSE:WSM) had its price objective boosted by Citigroup from $188.00 to $208.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a neutral rating on the specialty retailer’s stock.

WSM has been the topic of a number of other reports. Evercore set a $215.00 target price on shares of Williams-Sonoma in a report on Tuesday, February 10th. Weiss Ratings upgraded Williams-Sonoma from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Telsey Advisory Group reduced their target price on Williams-Sonoma from $225.00 to $220.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Royal Bank Of Canada set a $206.00 price target on shares of Williams-Sonoma and gave the stock an “outperform” rating in a research note 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 report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Williams-Sonoma presently has an average rating of “Moderate Buy” and a consensus target price of $203.22.

Williams-Sonoma Trading Down 3.5%

Shares of NYSE WSM traded down $6.82 during trading hours on Friday, reaching $186.77. The stock had a trading volume of 1,193,181 shares, compared to its average volume of 950,000. The firm has a 50-day moving average of $204.80 and a 200-day moving average of $195.73. The firm has a market cap of $22.30 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 2.90 and a beta of 1.64. Williams-Sonoma has a fifty-two week low of $130.07 and a fifty-two week high of $222.00.

Williams-Sonoma Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, January 16th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, January 16th. Williams-Sonoma’s payout ratio is currently 29.04%.

Insider Buying and Selling

In other news, EVP Karalyn Yearout sold 767 shares of the business’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $205.16, for a total value of $157,357.72. Following the completion of the transaction, the executive vice president directly owned 13,236 shares of the company’s stock, valued at $2,715,497.76. The trade was a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 shares were sold at an average price of $207.39, for a total value of $7,258,650.00. Following the completion of the sale, the chief executive officer owned 806,537 shares in the company, valued at $167,267,708.43. This represents 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 corporate insiders.

Institutional Trading of Williams-Sonoma

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its position in shares of Williams-Sonoma by 22.4% in the fourth quarter. Brighton Jones LLC now owns 6,742 shares of the specialty retailer’s stock valued at $1,248,000 after buying an additional 1,236 shares during the last quarter. Bison Wealth LLC acquired a new stake in Williams-Sonoma during the fourth quarter worth approximately $227,000. Woodline Partners LP purchased a new stake in Williams-Sonoma in the 1st quarter worth approximately $1,644,000. Atria Investments Inc purchased a new stake in Williams-Sonoma in the 2nd quarter worth approximately $230,000. Finally, Huntington National Bank raised its holdings in Williams-Sonoma by 7.9% in the 2nd quarter. Huntington National Bank now owns 1,057 shares of the specialty retailer’s stock valued at $173,000 after acquiring an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

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.