Williams-Sonoma’s (WSM) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Williams-Sonoma (NYSE:WSM) in a report released on Thursday morning,Benzinga reports. Telsey Advisory Group currently has a $220.00 target price on the specialty retailer’s stock.

Several other equities research analysts have also issued reports on WSM. Citigroup lifted their price target on Williams-Sonoma from $188.00 to $208.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. UBS Group increased their price objective on Williams-Sonoma from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Wednesday. Zelman & Associates raised Williams-Sonoma from an “underperform” rating to a “neutral” rating and set a $205.00 price objective on the stock in a report on Thursday, January 29th. Royal Bank Of Canada set a $206.00 target price on Williams-Sonoma and gave the stock an “outperform” rating in a research report on Friday, November 21st. Finally, TD Cowen reaffirmed a “buy” rating and issued a $245.00 target price (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 assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Williams-Sonoma has a consensus rating of “Moderate Buy” and a consensus price target of $203.78.

Williams-Sonoma Stock Performance

Shares of NYSE:WSM opened at $180.24 on Thursday. Williams-Sonoma has a 52-week low of $130.07 and a 52-week high of $222.00. The firm has a fifty day moving average of $204.98 and a 200 day moving average of $195.17. The firm has a market capitalization of $21.52 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 2.69 and a beta of 1.64.

Williams-Sonoma Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, January 16th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, January 16th. Williams-Sonoma’s payout ratio is 29.04%.

Insider Activity at Williams-Sonoma

In other news, EVP Karalyn Yearout sold 767 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 13,236 shares of the company’s stock, valued at approximately $2,715,497.76. This represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Laura Alber sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $207.39, for a total transaction of $7,258,650.00. Following the completion of the transaction, the chief executive officer owned 806,537 shares in the company, valued at $167,267,708.43. This represents a 4.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Williams-Sonoma

A number of hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Williams-Sonoma in the fourth quarter worth about $25,000. Atlantic Union Bankshares Corp increased its holdings in Williams-Sonoma by 51.5% during the 4th quarter. Atlantic Union Bankshares Corp now owns 147 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 50 shares during the period. True Wealth Design LLC raised its position in Williams-Sonoma by 111.8% during the 3rd quarter. True Wealth Design LLC now owns 144 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 76 shares during the last quarter. Vermillion & White Wealth Management Group LLC raised its position in Williams-Sonoma by 130.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 180 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 102 shares during the last quarter. Finally, MidFirst Bank purchased a new stake in Williams-Sonoma in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Company Profile

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.