Shares of Williams-Sonoma, Inc. (NYSE:WSM) have been assigned a consensus rating of “Hold” from the twenty-eight analysts that are presently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a sell recommendation, eighteen have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $50.41.
WSM has been the topic of several analyst reports. Bank of America lowered their target price on Williams-Sonoma from $40.00 to $38.00 and set an “underperform” rating on the stock in a research report on Friday, November 17th. Zacks Investment Research upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Saturday, February 3rd. JPMorgan Chase & Co. cut Williams-Sonoma from an “overweight” rating to an “underweight” rating and set a $46.00 target price on the stock. in a research report on Friday, November 17th. Gordon Haskett cut Williams-Sonoma from a “hold” rating to a “reduce” rating in a research report on Friday, November 17th. Finally, Morgan Stanley initiated coverage on Williams-Sonoma in a research report on Friday, November 17th. They issued a “hold” rating and a $48.00 target price on the stock.
Shares of Williams-Sonoma (NYSE WSM) opened at $52.74 on Wednesday. Williams-Sonoma has a 1 year low of $42.68 and a 1 year high of $55.89. The company has a market capitalization of $4,381.32, a P/E ratio of 14.83, a P/E/G ratio of 1.31 and a beta of 0.82.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Ffcm LLC acquired a new position in shares of Williams-Sonoma in the 3rd quarter worth $125,000. Rational Advisors LLC acquired a new position in shares of Williams-Sonoma in the 4th quarter worth $171,000. Private Trust Co. NA acquired a new position in shares of Williams-Sonoma in the 4th quarter worth $203,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Williams-Sonoma by 49.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,340 shares of the specialty retailer’s stock worth $224,000 after acquiring an additional 1,429 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Williams-Sonoma in the 4th quarter worth $236,000.
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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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