Telsey Advisory Group Increases Williams-Sonoma, Inc. (WSM) Price Target to $51.00
Williams-Sonoma, Inc. (NYSE:WSM) had its target price hoisted by equities researchers at Telsey Advisory Group from $49.00 to $51.00 in a research note issued on Thursday. The brokerage currently has a “market perform” rating on the specialty retailer’s stock. Telsey Advisory Group’s target price would suggest a potential upside of 3.89% from the company’s current price.
Other research analysts also recently issued research reports about the company. SunTrust Banks, Inc. set a $62.00 price objective on Williams-Sonoma and gave the company a “buy” rating in a research note on Saturday, June 10th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Williams-Sonoma in a research note on Thursday, May 25th. Zacks Investment Research upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Wednesday, August 16th. Guggenheim reiterated a “neutral” rating on shares of Williams-Sonoma in a report on Thursday, August 24th. Finally, ValuEngine cut Williams-Sonoma from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $51.65.
Williams-Sonoma (NYSE WSM) opened at 49.09 on Thursday. The stock has a 50 day moving average of $46.10 and a 200 day moving average of $48.82. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 14.10 and a beta of 0.85. Williams-Sonoma has a 52 week low of $42.68 and a 52 week high of $56.94.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.02. Williams-Sonoma had a return on equity of 25.43% and a net margin of 5.96%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the firm posted $0.58 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. Equities research analysts predict that Williams-Sonoma will post $3.59 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WSM. BlackRock Inc. raised its position in Williams-Sonoma by 11,148.3% in the 1st quarter. BlackRock Inc. now owns 9,128,342 shares of the specialty retailer’s stock valued at $489,461,000 after buying an additional 9,047,189 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Williams-Sonoma by 1,109.6% during the 2nd quarter. Janus Henderson Group PLC now owns 3,517,415 shares of the specialty retailer’s stock valued at $170,595,000 after purchasing an additional 3,226,625 shares during the last quarter. FMR LLC increased its position in shares of Williams-Sonoma by 115.4% during the 2nd quarter. FMR LLC now owns 2,678,423 shares of the specialty retailer’s stock valued at $129,904,000 after purchasing an additional 1,435,014 shares during the last quarter. Kiltearn Partners LLP purchased a new stake in shares of Williams-Sonoma during the 2nd quarter valued at $38,846,000. Finally, Vanguard Group Inc. increased its position in shares of Williams-Sonoma by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 6,617,537 shares of the specialty retailer’s stock valued at $354,832,000 after purchasing an additional 506,305 shares during the last quarter. 97.89% of the stock is owned by institutional investors and hedge funds.
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.
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