Williams-Sonoma (NYSE:WSM) Stock Price Expected to Rise, Telsey Advisory Group Analyst Says

Williams-Sonoma (NYSE:WSM) had its price target increased by investment analysts at Telsey Advisory Group from $225.00 to $255.00 in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has an “outperform” rating on the specialty retailer’s stock. Telsey Advisory Group’s price target suggests a potential upside of 3.92% from the company’s previous close.

Several other research analysts also recently issued reports on WSM. KeyCorp upped their price objective on Williams-Sonoma from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Wells Fargo & Company lifted their target price on shares of Williams-Sonoma from $190.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Tuesday. The Goldman Sachs Group reissued a “buy” rating and set a $261.00 target price (up from $230.00) on shares of Williams-Sonoma in a report on Tuesday. Argus set a $230.00 price target on shares of Williams-Sonoma in a research note on Friday, May 29th. Finally, TD Cowen reiterated a “buy” rating on shares of Williams-Sonoma in a report on Monday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $225.06.

Williams-Sonoma Stock Performance

Shares of NYSE:WSM opened at $245.38 on Thursday. Williams-Sonoma has a 52-week low of $165.51 and a 52-week high of $254.89. The company has a market capitalization of $28.89 billion, a PE ratio of 27.48, a price-to-earnings-growth ratio of 2.75 and a beta of 1.50. The company has a fifty day moving average of $228.29 and a 200-day moving average of $206.07.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Thursday, May 21st. The specialty retailer reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.13. Williams-Sonoma had a return on equity of 53.29% and a net margin of 13.81%.The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the company posted $1.85 EPS. Williams-Sonoma’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities analysts forecast that Williams-Sonoma will post 9.38 EPS for the current fiscal year.

Insiders Place Their Bets

In other Williams-Sonoma news, EVP Karalyn Yearout sold 1,112 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $228.49, for a total transaction of $254,080.88. Following the completion of the sale, the executive vice president directly owned 21,717 shares in the company, valued at approximately $4,962,117.33. This trade represents a 4.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Laura Alber sold 15,000 shares of Williams-Sonoma stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $200.00, for a total value of $3,000,000.00. Following the completion of the transaction, the chief executive officer directly owned 923,524 shares of the company’s stock, valued at approximately $184,704,800. This trade represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 18,156 shares of company stock valued at $3,738,699 in the last three months. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Williams-Sonoma

Several large investors have recently added to or reduced their stakes in WSM. Meiji Yasuda Asset Management Co Ltd. acquired a new position in Williams-Sonoma in the second quarter valued at approximately $571,000. Bank of Nova Scotia acquired a new stake in shares of Williams-Sonoma during the 2nd quarter worth approximately $15,319,000. Compass Financial Management LLC acquired a new stake in shares of Williams-Sonoma during the 2nd quarter worth approximately $174,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Williams-Sonoma in the 2nd quarter valued at $907,000. Finally, Daiichi Life Insurance Co. Ltd. bought a new stake in shares of Williams-Sonoma in the 2nd quarter valued at $798,000. Institutional investors and hedge funds 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.