Williams-Sonoma (NYSE:WSM) Price Target Raised to $208.00

Williams-Sonoma (NYSE:WSM) had its price objective increased by equities researchers at Citigroup from $188.00 to $208.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the specialty retailer’s stock. Citigroup’s price target would indicate a potential upside of 11.06% from the stock’s current price.

WSM has been the subject of a number of other research reports. Royal Bank Of Canada set a $206.00 price objective on Williams-Sonoma and gave the company an “outperform” rating in a research note on Friday, November 21st. UBS Group set a $175.00 target price on Williams-Sonoma and gave the stock a “neutral” rating in a report on Thursday, November 20th. Weiss Ratings upgraded Williams-Sonoma from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Evercore set a $215.00 price objective on Williams-Sonoma in a research report on Tuesday, February 10th. Finally, TD Cowen reaffirmed a “buy” rating and set a $245.00 price objective (up from $210.00) on shares of Williams-Sonoma in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Williams-Sonoma has an average rating of “Moderate Buy” and a consensus price target of $203.22.

Williams-Sonoma Stock Down 3.3%

Shares of NYSE:WSM traded down $6.31 during midday trading on Friday, reaching $187.28. The company’s stock had a trading volume of 314,006 shares, compared to its average volume of 1,016,881. The stock has a fifty day moving average of $204.84 and a 200 day moving average of $195.84. Williams-Sonoma has a twelve month low of $130.07 and a twelve month high of $222.00. The firm has a market capitalization of $22.36 billion, a PE ratio of 20.60, a P/E/G ratio of 2.94 and a beta of 1.64.

Insider Activity at Williams-Sonoma

In related news, CEO Laura Alber sold 35,000 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $207.39, for a total value of $7,258,650.00. Following the completion of the sale, the chief executive officer owned 806,537 shares of the company’s stock, valued at approximately $167,267,708.43. The trade was a 4.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Karalyn Yearout sold 767 shares of the company’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $205.16, for a total transaction of $157,357.72. Following the transaction, the executive vice president owned 13,236 shares of the company’s stock, valued at $2,715,497.76. This represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Williams-Sonoma

Institutional investors and hedge funds have recently modified their holdings of the stock. Gateway Investment Advisers LLC increased its stake in Williams-Sonoma by 37.9% during the 3rd quarter. Gateway Investment Advisers LLC now owns 16,398 shares of the specialty retailer’s stock worth $3,205,000 after buying an additional 4,510 shares during the period. EFG Asset Management North America Corp. boosted its position in Williams-Sonoma by 51.5% in the 3rd quarter. EFG Asset Management North America Corp. now owns 14,593 shares of the specialty retailer’s stock valued at $2,852,000 after buying an additional 4,961 shares during the period. Principal Financial Group Inc. grew its stake in shares of Williams-Sonoma by 30.2% in the third quarter. Principal Financial Group Inc. now owns 997,414 shares of the specialty retailer’s stock worth $194,947,000 after acquiring an additional 231,489 shares in the last quarter. Berry Wealth Group LP purchased a new stake in shares of Williams-Sonoma during the second quarter worth $230,000. Finally, Vest Financial LLC raised its stake in shares of Williams-Sonoma by 39.5% in the third quarter. Vest Financial LLC now owns 282,503 shares of the specialty retailer’s stock valued at $55,215,000 after acquiring an additional 80,044 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

About Williams-Sonoma

Williams‑Sonoma, Inc is a specialty retailer focused on the home and culinary markets, best known for premium cookware, kitchen tools and home furnishings. The company traces its roots to a single cookware store founded by Chuck Williams in 1956 in Sonoma, California, and has evolved into a multi‑brand home furnishings and housewares business. Its merchandise mix spans cookware and kitchen electrics, tabletop and food prep items, furniture, bedding, lighting and decorative accessories designed for both everyday use and higher‑end interiors.

The company operates a portfolio of consumer brands that target distinct segments of the home market.