Williams-Sonoma’s (WSM) “Outperform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Williams-Sonoma (NYSE:WSM) in a report published on Monday,Benzinga reports. Telsey Advisory Group currently has a $230.00 price objective on the specialty retailer’s stock.

A number of other research firms also recently issued reports on WSM. The Goldman Sachs Group lifted their price objective on shares of Williams-Sonoma from $170.00 to $224.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Wells Fargo & Company boosted their price target on shares of Williams-Sonoma from $165.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Royal Bank of Canada increased their price objective on shares of Williams-Sonoma from $162.00 to $189.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Jefferies Financial Group boosted their target price on Williams-Sonoma from $194.00 to $226.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Barclays increased their price target on Williams-Sonoma from $123.00 to $131.00 and gave the company an “underweight” rating in a research report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $176.28.

Williams-Sonoma Stock Up 4.5 %

Shares of Williams-Sonoma stock opened at $174.99 on Monday. The company has a market cap of $21.54 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 2.89 and a beta of 1.82. Williams-Sonoma has a 52 week low of $125.33 and a 52 week high of $219.98. The business has a 50 day moving average price of $199.43 and a 200-day moving average price of $171.65.

Insider Buying and Selling

In related news, CEO Laura Alber sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $207.76, for a total transaction of $9,349,200.00. Following the completion of the transaction, the chief executive officer now owns 944,666 shares of the company’s stock, valued at approximately $196,263,808.16. The trade was a 4.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeffrey Howie sold 1,408 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $194.32, for a total transaction of $273,602.56. Following the completion of the sale, the chief financial officer now owns 46,388 shares in the company, valued at $9,014,116.16. This represents a 2.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Institutional Trading of Williams-Sonoma

Several institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC increased its holdings in shares of Williams-Sonoma by 72.7% in the 3rd quarter. FMR LLC now owns 8,781,201 shares of the specialty retailer’s stock worth $1,360,384,000 after buying an additional 3,695,837 shares during the last quarter. State Street Corp increased its stake in Williams-Sonoma by 108.8% in the third quarter. State Street Corp now owns 5,329,125 shares of the specialty retailer’s stock valued at $825,588,000 after acquiring an additional 2,777,339 shares during the last quarter. Geode Capital Management LLC raised its position in Williams-Sonoma by 107.5% during the third quarter. Geode Capital Management LLC now owns 2,689,451 shares of the specialty retailer’s stock valued at $418,223,000 after purchasing an additional 1,393,436 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Williams-Sonoma by 118.7% during the third quarter. Pacer Advisors Inc. now owns 2,110,320 shares of the specialty retailer’s stock worth $326,931,000 after purchasing an additional 1,145,410 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Williams-Sonoma by 15.1% in the 4th quarter. Northern Trust Corp now owns 1,902,382 shares of the specialty retailer’s stock worth $352,283,000 after purchasing an additional 249,389 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Company Profile

Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.