Williams-Sonoma (WSM) Price Target Cut to $55.00

Williams-Sonoma (NYSE:WSM) had its price objective trimmed by Morgan Stanley from $60.00 to $55.00 in a research note issued to investors on Friday morning. The firm currently has an equal weight rating on the specialty retailer’s stock.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Williams-Sonoma from a hold rating to a buy rating and set a $66.00 target price on the stock in a research note on Tuesday, July 31st. ValuEngine upgraded shares of Williams-Sonoma from a hold rating to a buy rating in a research note on Thursday, August 23rd. Argus set a $80.00 target price on shares of Williams-Sonoma and gave the company a buy rating in a research note on Monday, August 27th. Jefferies Financial Group set a $60.00 price objective on shares of Williams-Sonoma and gave the company a hold rating in a research report on Tuesday, August 21st. Finally, Wedbush set a $62.00 price objective on shares of Williams-Sonoma and gave the company a hold rating in a research report on Wednesday, August 15th. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $58.60.

Shares of Williams-Sonoma stock opened at $53.48 on Friday. The stock has a market capitalization of $4.31 billion, a PE ratio of 14.81, a P/E/G ratio of 1.63 and a beta of 0.95. The company has a current ratio of 1.54, a quick ratio of 0.38 and a debt-to-equity ratio of 0.27. Williams-Sonoma has a 1 year low of $45.85 and a 1 year high of $73.99.

Williams-Sonoma (NYSE:WSM) last issued its earnings results on Thursday, November 15th. The specialty retailer reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.37 billion. Williams-Sonoma had a net margin of 4.97% and a return on equity of 29.75%. Sell-side analysts forecast that Williams-Sonoma will post 4.33 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Friday, October 26th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Thursday, October 25th. Williams-Sonoma’s dividend payout ratio is presently 47.65%.

In related news, insider Janet Hayes sold 14,376 shares of the business’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $68.10, for a total transaction of $979,005.60. Following the completion of the sale, the insider now owns 44,889 shares of the company’s stock, valued at approximately $3,056,940.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP David Randolph King sold 24,323 shares of the business’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $68.88, for a total transaction of $1,675,368.24. Following the sale, the executive vice president now directly owns 17,589 shares of the company’s stock, valued at approximately $1,211,530.32. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Itau Unibanco Holding S.A. bought a new position in Williams-Sonoma in the 2nd quarter worth about $101,000. Csenge Advisory Group bought a new position in Williams-Sonoma in the 3rd quarter worth about $124,000. JNBA Financial Advisors bought a new position in Williams-Sonoma in the 3rd quarter worth about $168,000. First Mercantile Trust Co. bought a new position in Williams-Sonoma in the 2nd quarter worth about $175,000. Finally, Point72 Hong Kong Ltd grew its position in Williams-Sonoma by 98.4% in the 3rd quarter. Point72 Hong Kong Ltd now owns 2,670 shares of the specialty retailer’s stock worth $175,000 after purchasing an additional 1,324 shares during the last quarter.

About Williams-Sonoma

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.

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Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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