Wedbush Lowers Williams-Sonoma (NYSE:WSM) Price Target to $170.00

Williams-Sonoma (NYSE:WSM) had its target price lowered by analysts at Wedbush from $190.00 to $170.00 in a research note issued on Thursday, Marketbeat.com reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. Wedbush’s price target suggests a potential upside of 4.12% from the company’s current price. Wedbush also issued estimates for Williams-Sonoma’s Q3 2026 earnings at $1.90 EPS, Q4 2026 earnings at $3.13 EPS, Q1 2027 earnings at $1.81 EPS, Q2 2027 earnings at $1.84 EPS, Q4 2027 earnings at $3.33 EPS and FY2028 earnings at $9.51 EPS.

Several other brokerages have also issued reports on WSM. Barclays boosted their price target on Williams-Sonoma from $123.00 to $131.00 and gave the company an “underweight” rating in a research note on Thursday, March 13th. Gordon Haskett upgraded shares of Williams-Sonoma to a “hold” rating in a research report on Thursday, February 13th. Royal Bank of Canada increased their price target on shares of Williams-Sonoma from $162.00 to $189.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Jefferies Financial Group lifted their price objective on Williams-Sonoma from $194.00 to $226.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Wells Fargo & Company upped their price objective on Williams-Sonoma from $165.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $177.93.

Williams-Sonoma Stock Down 1.0 %

Shares of NYSE WSM opened at $163.27 on Thursday. Williams-Sonoma has a 12 month low of $125.33 and a 12 month high of $219.98. The company has a market cap of $20.10 billion, a P/E ratio of 19.31, a P/E/G ratio of 2.89 and a beta of 1.82. The business’s 50 day moving average is $197.13 and its two-hundred day moving average is $172.03.

Williams-Sonoma (NYSE:WSM) last announced its earnings results on Wednesday, March 19th. The specialty retailer reported $3.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.40. Williams-Sonoma had a net margin of 14.54% and a return on equity of 51.56%. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the firm posted $5.44 earnings per share. Williams-Sonoma’s revenue was up 8.0% compared to the same quarter last year. Sell-side analysts expect that Williams-Sonoma will post 8.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Williams-Sonoma

In related news, CFO Jeffrey Howie sold 1,408 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $194.32, for a total transaction of $273,602.56. Following the completion of the transaction, the chief financial officer now owns 46,388 shares in the company, valued at approximately $9,014,116.16. The trade was a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Laura Alber sold 45,000 shares of the company’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 sale, the chief executive officer now directly owns 944,666 shares of the company’s stock, valued at $196,263,808.16. The trade was a 4.55 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of Williams-Sonoma

A number of large investors have recently made changes to their positions in the company. Smithfield Trust Co grew its stake in Williams-Sonoma by 100.0% in the third quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 80 shares during the period. Brooklyn Investment Group acquired a new position in shares of Williams-Sonoma during the third quarter worth about $28,000. Hobbs Group Advisors LLC grew its holdings in shares of Williams-Sonoma by 100.0% during the third quarter. Hobbs Group Advisors LLC now owns 236 shares of the specialty retailer’s stock worth $37,000 after buying an additional 118 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in Williams-Sonoma in the 4th quarter valued at approximately $37,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Williams-Sonoma during the 4th quarter worth approximately $38,000. Institutional investors own 99.29% of the company’s stock.

About Williams-Sonoma

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.