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Williams-Sonoma (NYSE:WSM) was downgraded by investment analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a note issued to investors on Thursday. They currently have a $74.00 target price on the stock, down from their previous target price of $82.00. Morgan Stanley’s target price suggests a potential downside of 1.19% from the company’s current price.

The analysts wrote, “We are moving to EW on WSM and are lowering our price target to $74 and our 2015 EPS estimate to $3.59. While Q2 EPS was solid and in-line, we were expecting a carry-over in top-line momentum from previous quarters and comparable brand growth in the high single digits.We did not get this (Q2 comparable brand growth +5.7%), due to competition and tougher compares and now no longer believe the business will generate this level of growth in the near-term. Valuation (19x 2015 e earnings) is not as supportive of a business that we now see generating low teens growth over the next 12 months.”

A number of other firms have also recently commented on WSM. Analysts at Canaccord Genuity raised their price target on shares of Williams-Sonoma from $65.00 to $67.00 in a research note on Thursday. They now have a “hold” rating on the stock. Separately, analysts at SunTrust raised their price target on shares of Williams-Sonoma from $78.00 to $83.00 in a research note on Thursday, August 21st. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Williams-Sonoma in a research note on Tuesday, August 12th. They now have a $74.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company’s stock. Williams-Sonoma presently has an average rating of “Hold” and a consensus price target of $69.52.

Williams-Sonoma (NYSE:WSM) opened at 74.89 on Thursday. Williams-Sonoma has a 52-week low of $51.70 and a 52-week high of $75.69. The stock’s 50-day moving average is $70.66 and its 200-day moving average is $65.87. The company has a market cap of $7.048 billion and a price-to-earnings ratio of 25.72. Williams-Sonoma also was the target of some unusual options trading on Wednesday. Traders acquired 5,945 put options on the company. This represents an increase of 909% compared to the typical volume of 589 put options.

Williams-Sonoma (NYSE:WSM) last announced its earnings results on Wednesday, August 27th. The company reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts predict that Williams-Sonoma will post $3.20 earnings per share for the current fiscal year.

Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company is an e- commerce retailer with brands in home furnishings.

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