Williams-Sonoma, Inc. (NYSE:WSM) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Thursday.

Several other equities research analysts have also recently commented on the stock. SunTrust Banks, Inc. set a $62.00 price objective on shares of Williams-Sonoma and gave the company a “buy” rating in a research report on Saturday, June 10th. ValuEngine cut shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. CIBC reaffirmed a “hold” rating on shares of Williams-Sonoma in a research report on Friday, May 26th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Williams-Sonoma in a research report on Thursday, May 25th. Finally, Telsey Advisory Group boosted their price objective on shares of Williams-Sonoma from $51.00 to $57.00 and gave the company a “market perform” rating in a research report on Thursday, May 25th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $56.82.

Williams-Sonoma (NYSE:WSM) opened at 45.78 on Thursday. Williams-Sonoma has a 1-year low of $43.96 and a 1-year high of $57.40. The firm has a market capitalization of $3.97 billion, a P/E ratio of 13.34 and a beta of 0.89. The stock has a 50 day moving average of $46.82 and a 200-day moving average of $49.33.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Williams-Sonoma had a net margin of 5.99% and a return on equity of 25.51%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 EPS. On average, equities research analysts anticipate that Williams-Sonoma will post $3.56 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cribstone Capital Management LLC raised its position in shares of Williams-Sonoma by 0.3% in the first quarter. Cribstone Capital Management LLC now owns 22,479 shares of the specialty retailer’s stock worth $1,224,000 after buying an additional 70 shares during the period. Creative Planning raised its position in shares of Williams-Sonoma by 3.8% in the first quarter. Creative Planning now owns 2,085 shares of the specialty retailer’s stock worth $112,000 after buying an additional 76 shares during the period. US Bancorp DE raised its position in shares of Williams-Sonoma by 0.4% in the second quarter. US Bancorp DE now owns 21,313 shares of the specialty retailer’s stock worth $1,033,000 after buying an additional 82 shares during the period. State Treasurer State of Michigan raised its position in shares of Williams-Sonoma by 0.3% in the second quarter. State Treasurer State of Michigan now owns 32,900 shares of the specialty retailer’s stock worth $1,596,000 after buying an additional 100 shares during the period. Finally, Gofen & Glossberg LLC IL raised its position in shares of Williams-Sonoma by 0.4% in the first quarter. Gofen & Glossberg LLC IL now owns 27,552 shares of the specialty retailer’s stock worth $1,477,000 after buying an additional 120 shares during the period. Institutional investors and hedge funds own 97.16% of the company’s stock.

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.

Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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