Williams-Sonoma (NYSE:WSM) Price Target Raised to $250.00

Williams-Sonoma (NYSE:WSM) had its target price boosted by Argus from $230.00 to $250.00 in a research report sent to investors on Wednesday morning, MarketBeat.com reports. The brokerage currently has a buy rating on the specialty retailer’s stock.

A number of other brokerages have also recently issued reports on WSM. Guggenheim reaffirmed a “neutral” rating on shares of Williams-Sonoma in a research report on Thursday, August 27th. Telsey Advisory Group set a $260.00 price target on shares of Williams-Sonoma and gave the company an “outperform” rating in a research report on Thursday, August 27th. Royal Bank Of Canada restated an “outperform” rating and issued a $260.00 price objective on shares of Williams-Sonoma in a research note on Thursday, August 27th. Jefferies Financial Group set a $275.00 price objective on shares of Williams-Sonoma in a report on Wednesday, August 26th. Finally, Weiss Ratings upgraded shares of Williams-Sonoma from a “hold (c+)” rating to a “buy (b)” rating in a research note on Monday. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $245.56.

Williams-Sonoma Price Performance

Shares of NYSE:WSM opened at $227.12 on Wednesday. The stock has a market capitalization of $26.75 billion, a P/E ratio of 23.25, a P/E/G ratio of 2.40 and a beta of 1.47. The business has a 50-day moving average of $232.55 and a two-hundred day moving average of $208.85. Williams-Sonoma has a fifty-two week low of $165.51 and a fifty-two week high of $254.89.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Wednesday, August 26th. The specialty retailer reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.93 billion. Williams-Sonoma had a return on equity of 53.48% and a net margin of 14.73%.The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.00 EPS. As a group, research analysts expect that Williams-Sonoma will post 9.48 EPS for the current fiscal year.

Williams-Sonoma Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, July 17th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, July 17th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 31.12%.

Insiders Place Their Bets

In other Williams-Sonoma news, EVP Karalyn Yearout sold 522 shares of Williams-Sonoma stock in a transaction on Friday, August 7th. The shares were sold at an average price of $246.39, for a total transaction of $128,615.58. Following the sale, the executive vice president owned 20,195 shares in the company, valued at $4,975,846.05. The trade was a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,156 shares of company stock worth $738,699 in the last 90 days. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Williams-Sonoma

Institutional investors have recently added to or reduced their stakes in the stock. IMG Wealth Management Inc. bought a new stake in Williams-Sonoma in the second quarter valued at $31,000. Caitong International Asset Management Co. Ltd acquired a new stake in Williams-Sonoma during the 4th quarter valued at $25,000. Atlantic Union Bankshares Corp raised its position in Williams-Sonoma by 51.5% in the 4th 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 last quarter. Meeder Asset Management Inc. bought a new position in Williams-Sonoma in the 2nd quarter valued at $35,000. Finally, Ballast Advisors LLC acquired a new position in Williams-Sonoma in the first quarter worth $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.