Williams-Sonoma, Inc. (WSM) Given a $44.00 Price Target by Credit Suisse Group Analysts
Williams-Sonoma, Inc. (NYSE:WSM) has been assigned a $44.00 price objective by stock analysts at Credit Suisse Group in a research note issued on Thursday. The brokerage presently has a “hold” rating on the specialty retailer’s stock. Credit Suisse Group’s price target suggests a potential downside of 3.04% from the stock’s previous close.
Several other equities research analysts have also recently commented on the company. BidaskClub cut Williams-Sonoma from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Gordon Haskett started coverage on Williams-Sonoma in a research report on Tuesday, May 9th. They set an “accumulate” rating and a $61.00 price objective on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $54.00 price objective on shares of Williams-Sonoma in a research report on Thursday, May 25th. Telsey Advisory Group increased their price objective on Williams-Sonoma from $51.00 to $57.00 and gave the company a “market perform” rating in a research report on Thursday, May 25th. Finally, ValuEngine cut Williams-Sonoma from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $53.05.
Shares of Williams-Sonoma (NYSE WSM) traded up 0.93% on Thursday, reaching $45.38. 2,364,654 shares of the company traded hands. The company has a market capitalization of $3.89 billion, a PE ratio of 13.03 and a beta of 0.89. Williams-Sonoma has a one year low of $42.68 and a one year high of $56.94. The firm has a 50-day moving average price of $45.35 and a 200 day moving average price of $48.89. Williams-Sonoma also saw some unusual options trading on Wednesday. Stock traders bought 13,483 call options on the stock. This is an increase of 1,079% compared to the typical daily volume of 1,144 call options.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Wednesday, August 23rd. The specialty retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.59 by $0.02. Williams-Sonoma had a return on equity of 25.43% and a net margin of 5.96%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the firm posted $0.58 earnings per share. Williams-Sonoma’s revenue was up 3.7% compared to the same quarter last year. Equities analysts forecast that Williams-Sonoma will post $3.56 EPS for the current fiscal year.
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Hedge funds have recently modified their holdings of the stock. USA Financial Portformulas Corp acquired a new stake in shares of Williams-Sonoma during the second quarter valued at about $703,000. Afam Capital Inc. increased its stake in shares of Williams-Sonoma by 25.0% in the second quarter. Afam Capital Inc. now owns 28,804 shares of the specialty retailer’s stock valued at $1,397,000 after buying an additional 5,770 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Williams-Sonoma during the second quarter valued at about $474,000. Koch Industries Inc. acquired a new stake in shares of Williams-Sonoma during the second quarter valued at about $207,000. Finally, High Falls Advisors Inc increased its stake in shares of Williams-Sonoma by 7.7% in the second quarter. High Falls Advisors Inc now owns 4,343 shares of the specialty retailer’s stock valued at $211,000 after buying an additional 312 shares during the period. 95.52% of the stock is currently owned by institutional investors.
Williams-Sonoma Company Profile
Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company’s e-commerce Websites and direct-mail catalogs.
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