Williams-Sonoma, Inc. (NYSE:WSM) Receives Average Recommendation of “Hold” from Analysts

Shares of Williams-Sonoma, Inc. (NYSE:WSM) have been given an average recommendation of “Hold” by the twenty-five research firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $62.67.

A number of brokerages recently commented on WSM. Zacks Investment Research upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Friday, June 28th. Bank of America set a $45.00 target price on Williams-Sonoma and gave the company an “underperform” rating in a report on Friday, May 31st. Telsey Advisory Group raised their target price on Williams-Sonoma from $62.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, August 29th. Raymond James reiterated a “hold” rating on shares of Williams-Sonoma in a research note on Thursday, August 29th. Finally, Gordon Haskett upgraded Williams-Sonoma from a “hold” rating to an “accumulate” rating and set a $68.00 price objective for the company in a research note on Thursday, June 13th.

In other news, insider Alex Bellos sold 4,820 shares of Williams-Sonoma stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $65.25, for a total value of $314,505.00. Following the completion of the transaction, the insider now owns 8,177 shares in the company, valued at approximately $533,549.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.87% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Atria Investments LLC acquired a new stake in shares of Williams-Sonoma during the 2nd quarter worth about $245,000. BlackRock Inc. raised its position in shares of Williams-Sonoma by 2.3% during the 2nd quarter. BlackRock Inc. now owns 7,772,596 shares of the specialty retailer’s stock worth $505,218,000 after acquiring an additional 177,769 shares in the last quarter. Phocas Financial Corp. raised its position in shares of Williams-Sonoma by 16.7% during the 2nd quarter. Phocas Financial Corp. now owns 106,363 shares of the specialty retailer’s stock worth $6,914,000 after acquiring an additional 15,259 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of Williams-Sonoma during the 2nd quarter worth about $757,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in shares of Williams-Sonoma by 5.8% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,269 shares of the specialty retailer’s stock worth $213,000 after acquiring an additional 178 shares in the last quarter.

Williams-Sonoma stock traded up $0.04 during midday trading on Friday, reaching $65.11. 1,662,838 shares of the stock traded hands, compared to its average volume of 1,410,372. The company has a 50-day simple moving average of $65.43 and a two-hundred day simple moving average of $60.84. Williams-Sonoma has a 12-month low of $45.01 and a 12-month high of $70.58. The firm has a market cap of $5.08 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 1.44 and a beta of 0.87. The company has a current ratio of 1.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.29.

Williams-Sonoma (NYSE:WSM) last announced its earnings results on Wednesday, August 28th. The specialty retailer reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. Williams-Sonoma had a return on equity of 33.89% and a net margin of 6.07%. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the business posted $0.77 EPS. Williams-Sonoma’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts anticipate that Williams-Sonoma will post 4.75 earnings per share for the current year.

Williams-Sonoma Company Profile

Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.

Featured Story: Diversification For Individual Investors

Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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.