Posted by Defense World Staff on Mar 27th, 2024 
Williams-Sonoma (NYSE:WSM – Free Report) had its target price boosted by Evercore ISI from $300.00 to $320.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the specialty retailer’s stock.
A number of other research analysts have also recently issued reports on WSM. StockNews.com raised shares of Williams-Sonoma from a hold rating to a buy rating in a research report on Friday, March 22nd. Oppenheimer reissued a market perform rating on shares of Williams-Sonoma in a research report on Friday, March 15th. Robert W. Baird lifted their price target on shares of Williams-Sonoma from $200.00 to $300.00 and gave the company a neutral rating in a research report on Thursday, March 14th. Royal Bank of Canada lifted their price target on shares of Williams-Sonoma from $261.00 to $295.00 and gave the company an outperform rating in a research report on Thursday, March 14th. Finally, Barclays raised their price objective on shares of Williams-Sonoma from $146.00 to $232.00 and gave the company an underweight rating in a research note on Friday, March 15th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $249.31.
Read Our Latest Analysis on WSM
NYSE:WSM opened at $308.80 on Tuesday. The company has a 50-day moving average price of $233.15 and a 200-day moving average price of $193.61. Williams-Sonoma has a 12 month low of $109.44 and a 12 month high of $317.65. The stock has a market cap of $19.80 billion, a price-to-earnings ratio of 21.19, a P/E/G ratio of 2.64 and a beta of 1.66.
Williams-Sonoma (NYSE:WSM – Get Free Report) last issued its quarterly earnings results on Wednesday, March 13th. The specialty retailer reported $5.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.06 by $0.38. Williams-Sonoma had a net margin of 12.25% and a return on equity of 55.15%. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same period last year, the company posted $5.50 EPS. Williams-Sonoma’s revenue was down 7.1% on a year-over-year basis. Equities analysts forecast that Williams-Sonoma will post 15.3 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, April 19th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.90. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.46%. Williams-Sonoma’s payout ratio is currently 24.71%.
In other news, EVP Karalyn Smith sold 1,145 shares of Williams-Sonoma stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $289.06, for a total value of $330,973.70. Following the completion of the sale, the executive vice president now directly owns 6,966 shares in the company, valued at $2,013,591.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Karalyn Smith sold 1,145 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $289.06, for a total value of $330,973.70. Following the transaction, the executive vice president now owns 6,966 shares of the company’s stock, valued at $2,013,591.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Laura Alber sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $283.74, for a total transaction of $5,674,800.00. Following the completion of the transaction, the chief executive officer now directly owns 505,509 shares in the company, valued at approximately $143,433,123.66. The disclosure for this sale can be found here. Insiders sold 41,145 shares of company stock worth $10,044,174 over the last three months. 1.70% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. FinTrust Capital Advisors LLC boosted its holdings in shares of Williams-Sonoma by 9.5% in the fourth quarter. FinTrust Capital Advisors LLC now owns 521 shares of the specialty retailer’s stock worth $105,000 after buying an additional 45 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in shares of Williams-Sonoma by 30.5% in the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the specialty retailer’s stock worth $47,000 after buying an additional 54 shares during the last quarter. Quent Capital LLC lifted its holdings in Williams-Sonoma by 27.8% during the fourth quarter. Quent Capital LLC now owns 299 shares of the specialty retailer’s stock valued at $60,000 after purchasing an additional 65 shares in the last quarter. TFG Advisers LLC lifted its holdings in Williams-Sonoma by 2.6% during the fourth quarter. TFG Advisers LLC now owns 2,642 shares of the specialty retailer’s stock valued at $533,000 after purchasing an additional 67 shares in the last quarter. Finally, JGP Wealth Management LLC lifted its holdings in Williams-Sonoma by 1.2% during the fourth quarter. JGP Wealth Management LLC now owns 5,725 shares of the specialty retailer’s stock valued at $1,155,000 after purchasing an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.
(Get Free Report)
Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.
Receive News & Ratings for Williams-Sonoma Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Williams-Sonoma and related companies with MarketBeat.com’s FREE daily email newsletter.
Geospace Technologies (NASDAQ:GEOS) Stock Price Crosses Above 200 Day Moving Average of $12.77
Webster Financial’s (WBS) “Outperform” Rating Reaffirmed at Raymond James