Williams-Sonoma (NYSE:WSM) Price Target Raised to $185.00 at Wells Fargo & Company

Williams-Sonoma (NYSE:WSM) had its price target increased by Wells Fargo & Company from $165.00 to $185.00 in a report published on Monday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the specialty retailer’s stock.

WSM has been the subject of several other reports. Citigroup lowered their price objective on shares of Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Evercore ISI lifted their price target on Williams-Sonoma from $140.00 to $180.00 and gave the company an “in-line” rating in a research report on Thursday, November 21st. Telsey Advisory Group upped their price target on Williams-Sonoma from $165.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Wedbush raised their price objective on Williams-Sonoma from $135.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Finally, Barclays upped their target price on shares of Williams-Sonoma from $116.00 to $123.00 and gave the stock an “underweight” rating in a research report on Thursday, November 21st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Williams-Sonoma currently has an average rating of “Hold” and an average price target of $160.03.

Williams-Sonoma Trading Up 3.8 %

Shares of NYSE WSM opened at $200.06 on Monday. The firm has a fifty day simple moving average of $166.44 and a two-hundred day simple moving average of $151.94. Williams-Sonoma has a 12 month low of $95.76 and a 12 month high of $200.56. The firm has a market capitalization of $24.63 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 2.98 and a beta of 1.79.

Williams-Sonoma Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Friday, January 17th. Williams-Sonoma’s payout ratio is presently 26.98%.

Insider Activity

In other Williams-Sonoma news, CFO Jeffrey Howie sold 3,160 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $177.39, for a total value of $560,552.40. Following the transaction, the chief financial officer now owns 46,388 shares of the company’s stock, valued at approximately $8,228,767.32. This represents a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Laura Alber sold 40,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $130.49, for a total value of $5,219,600.00. Following the sale, the chief executive officer now owns 990,956 shares of the company’s stock, valued at approximately $129,309,848.44. This represents a 3.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Institutional Trading of Williams-Sonoma

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Smithfield Trust Co grew its stake in shares of Williams-Sonoma by 100.0% during the 3rd 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. Diversify Advisory Services LLC boosted its position in shares of Williams-Sonoma by 2.6% in the third quarter. Diversify Advisory Services LLC now owns 3,226 shares of the specialty retailer’s stock worth $500,000 after purchasing an additional 81 shares during the period. Cassady Schiller Wealth Management LLC increased its stake in shares of Williams-Sonoma by 100.0% in the third quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 83 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Williams-Sonoma in the second quarter worth $26,000. Finally, HM Payson & Co. raised its position in shares of Williams-Sonoma by 100.0% during the 3rd quarter. HM Payson & Co. now owns 200 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 100 shares during the period. Hedge funds and other 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.