Williams-Sonoma, Inc. (WSM) Price Target Raised to $51.00 at Telsey Advisory Group
Williams-Sonoma, Inc. (NYSE:WSM) had its price objective hoisted by research analysts at Telsey Advisory Group from $49.00 to $51.00 in a research report issued to clients and investors on Thursday. The brokerage presently has a “market perform” rating on the specialty retailer’s stock. Telsey Advisory Group’s price target points to a potential upside of 4.34% from the company’s previous close.
Several other analysts also recently weighed in on WSM. SunTrust Banks, Inc. set a $62.00 price objective on Williams-Sonoma and gave the stock a “buy” rating in a research report on Saturday, June 10th. Zacks Investment Research upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Wednesday, August 16th. CIBC restated a “hold” rating on shares of Williams-Sonoma in a research report on Friday, May 26th. Royal Bank Of Canada upped their price objective on Williams-Sonoma from $49.00 to $50.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 24th. Finally, BidaskClub upgraded Williams-Sonoma from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have issued a buy rating to the company. Williams-Sonoma has a consensus rating of “Hold” and a consensus target price of $51.65.
Shares of Williams-Sonoma (NYSE:WSM) opened at 48.88 on Thursday. The stock has a 50 day moving average price of $45.83 and a 200-day moving average price of $48.83. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 14.04 and a beta of 0.85. Williams-Sonoma has a 52 week low of $42.68 and a 52 week high of $56.94.
Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share for the quarter, topping 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 business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the company earned $0.58 EPS. Williams-Sonoma’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities research analysts forecast that Williams-Sonoma will post $3.59 earnings per share for the current year.
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A number of institutional investors have recently modified their holdings of the stock. Gs Investments Inc. bought a new stake in Williams-Sonoma during the second quarter worth $1,762,000. USA Financial Portformulas Corp bought a new stake in Williams-Sonoma during the second quarter worth $703,000. Afam Capital Inc. lifted its holdings in Williams-Sonoma by 25.0% during the second quarter. Afam Capital Inc. now owns 28,804 shares of the specialty retailer’s stock worth $1,397,000 after acquiring an additional 5,770 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Williams-Sonoma during the second quarter worth $474,000. Finally, Koch Industries Inc. bought a new stake in Williams-Sonoma during the second quarter worth $207,000. Institutional investors and hedge funds own 97.89% of the company’s stock.
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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