Williams-Sonoma, Inc. (NYSE:WSM) shares gapped down prior to trading on Monday after Buckingham Research lowered their price target on the stock from $64.00 to $55.00. The stock had previously closed at $53.82, but opened at $53.76. Buckingham Research currently has a neutral rating on the stock. Williams-Sonoma shares last traded at $53.33, with a volume of 1446066 shares trading hands.

A number of other research analysts also recently weighed in on WSM. Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Friday, July 20th. Wedbush set a $62.00 price target on Williams-Sonoma and gave the stock a “hold” rating in a research note on Wednesday, August 15th. Jefferies Financial Group set a $60.00 price target on Williams-Sonoma and gave the stock a “hold” rating in a research note on Tuesday, August 21st. Loop Capital upped their price target on Williams-Sonoma to $65.00 and gave the stock a “hold” rating in a research note on Thursday, August 23rd. They noted that the move was a valuation call. Finally, Stifel Nicolaus upped their price target on Williams-Sonoma from $58.00 to $66.00 and gave the stock a “hold” rating in a research note on Thursday, August 23rd. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has given a buy rating to the company. Williams-Sonoma presently has an average rating of “Hold” and an average target price of $59.45.

In other news, insider Janet Hayes sold 14,376 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $68.10, for a total value of $979,005.60. Following the completion of the transaction, the insider now directly owns 44,889 shares of the company’s stock, valued at $3,056,940.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP David Randolph King sold 24,323 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $68.88, for a total value of $1,675,368.24. Following the completion of the transaction, the executive vice president now directly owns 17,589 shares of the company’s stock, valued at $1,211,530.32. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. bought a new position in shares of Williams-Sonoma in the second quarter valued at approximately $101,000. Csenge Advisory Group bought a new position in shares of Williams-Sonoma in the third quarter valued at approximately $124,000. JNBA Financial Advisors bought a new position in shares of Williams-Sonoma in the third quarter valued at approximately $168,000. First Mercantile Trust Co. bought a new position in shares of Williams-Sonoma in the second quarter valued at approximately $175,000. Finally, Point72 Hong Kong Ltd lifted its stake in Williams-Sonoma by 98.4% in the third quarter. Point72 Hong Kong Ltd now owns 2,670 shares of the specialty retailer’s stock valued at $175,000 after purchasing an additional 1,324 shares during the last quarter.

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.54 and a quick ratio of 0.38. The company has a market cap of $4.33 billion, a P/E ratio of 14.20, a P/E/G ratio of 1.59 and a beta of 0.95.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Thursday, November 15th. The specialty retailer reported $0.95 EPS for the quarter, beating the consensus estimate of $0.94 by $0.01. Williams-Sonoma had a return on equity of 29.75% and a net margin of 4.97%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.37 billion. Analysts expect that Williams-Sonoma, Inc. will post 4.33 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Friday, October 26th will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, October 25th. This represents a $1.72 annualized dividend and a dividend yield of 3.35%. Williams-Sonoma’s dividend payout ratio is currently 47.65%.

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About Williams-Sonoma (NYSE:WSM)

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.

Further Reading: Buyback

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