Williams-Sonoma (NYSE:WSM) Price Target Raised to $56.00 at Morgan Stanley

Williams-Sonoma (NYSE:WSM) had its price objective boosted by Morgan Stanley from $52.00 to $56.00 in a report published on Wednesday, Stock Target Advisor reports. The brokerage currently has an underweight rating on the specialty retailer’s stock.

A number of other research firms also recently commented on WSM. Bank of America set a $77.00 price objective on Zscaler and gave the stock a neutral rating in a report on Friday, May 31st. Berenberg Bank increased their price objective on Hiscox from GBX 1,569 ($20.50) to GBX 1,581 ($20.66) and gave the stock a hold rating in a report on Thursday, May 9th. William Blair restated a market perform rating on shares of Williams-Sonoma in a report on Thursday, March 21st. UBS Group increased their price objective on Zscaler from $60.00 to $70.00 and gave the stock a neutral rating in a report on Friday, May 31st. Finally, Citigroup set a $27.00 price objective on StoneCo and gave the stock a hold rating in a report on Friday, May 31st. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the stock. Williams-Sonoma currently has a consensus rating of Hold and a consensus target price of $60.81.

Shares of NYSE WSM traded up $0.60 during mid-day trading on Wednesday, reaching $63.75. The company had a trading volume of 1,131,255 shares, compared to its average volume of 1,589,615. The business has a fifty day simple moving average of $59.90. The company has a quick ratio of 0.30, a current ratio of 1.33 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $4.96 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86. Williams-Sonoma has a 12-month low of $45.01 and a 12-month high of $73.99.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. Williams-Sonoma had a net margin of 5.98% and a return on equity of 33.75%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 earnings per share. Research analysts expect that Williams-Sonoma will post 4.67 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, July 26th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, July 25th. This represents a $1.92 annualized dividend and a dividend yield of 3.01%. Williams-Sonoma’s payout ratio is 43.05%.

In other news, insider Marta Benson sold 5,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $61.60, for a total value of $308,000.00. Following the sale, the insider now owns 17,061 shares in the company, valued at $1,050,957.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Sabrina Simmons sold 1,750 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $60.08, for a total transaction of $105,140.00. Following the completion of the sale, the director now owns 10,915 shares in the company, valued at approximately $655,773.20. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Northern Trust Corp raised its position in shares of Williams-Sonoma by 3.1% during the 4th quarter. Northern Trust Corp now owns 850,654 shares of the specialty retailer’s stock worth $42,915,000 after purchasing an additional 25,462 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in Williams-Sonoma by 6.7% during the 4th quarter. Great West Life Assurance Co. Can now owns 48,734 shares of the specialty retailer’s stock valued at $2,282,000 after acquiring an additional 3,044 shares in the last quarter. Commonwealth Bank of Australia grew its stake in Williams-Sonoma by 6.1% during the 4th quarter. Commonwealth Bank of Australia now owns 10,500 shares of the specialty retailer’s stock valued at $529,000 after acquiring an additional 600 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Williams-Sonoma by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,199,632 shares of the specialty retailer’s stock valued at $60,520,000 after acquiring an additional 46,370 shares in the last quarter. Finally, Neuburgh Advisers LLC grew its stake in Williams-Sonoma by 21.5% during the 4th quarter. Neuburgh Advisers LLC now owns 19,754 shares of the specialty retailer’s stock valued at $997,000 after acquiring an additional 3,502 shares in 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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