Williams-Sonoma, Inc. (NYSE:WSM) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Williams-Sonoma, Inc. (NYSE:WSM) have received a consensus recommendation of “Hold” from the nineteen analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $173.78.

A number of research analysts have recently weighed in on the company. Morgan Stanley lifted their price target on Williams-Sonoma from $170.00 to $195.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Telsey Advisory Group upped their target price on Williams-Sonoma from $165.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. 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. The Goldman Sachs Group boosted their price objective on shares of Williams-Sonoma from $170.00 to $224.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Finally, TD Cowen upped their price objective on shares of Williams-Sonoma from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, November 21st.

Williams-Sonoma Stock Performance

NYSE WSM opened at $164.87 on Friday. The firm’s 50 day moving average price is $200.44 and its two-hundred day moving average price is $170.62. Williams-Sonoma has a twelve month low of $125.33 and a twelve month high of $219.98. The stock has a market cap of $20.30 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 2.89 and a beta of 1.82.

Insider Buying and Selling at Williams-Sonoma

In related news, CEO Laura Alber sold 45,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $207.76, for a total value of $9,349,200.00. Following the completion of the transaction, the chief executive officer now directly owns 944,666 shares of the company’s stock, valued at $196,263,808.16. This trade represents a 4.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeffrey Howie sold 1,408 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 46,388 shares in the company, valued at approximately $9,014,116.16. The trade was a 2.95 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Williams-Sonoma

Hedge funds have recently modified their holdings of the stock. Mariner LLC grew its position in Williams-Sonoma by 0.4% in the fourth quarter. Mariner LLC now owns 11,225 shares of the specialty retailer’s stock valued at $2,079,000 after acquiring an additional 49 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Williams-Sonoma by 15.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 396 shares of the specialty retailer’s stock worth $73,000 after purchasing an additional 53 shares during the last quarter. Resonant Capital Advisors LLC increased its position in shares of Williams-Sonoma by 1.6% during the 4th quarter. Resonant Capital Advisors LLC now owns 3,474 shares of the specialty retailer’s stock worth $643,000 after purchasing an additional 56 shares in the last quarter. Westmount Partners LLC lifted its holdings in Williams-Sonoma by 1.0% during the 4th quarter. Westmount Partners LLC now owns 6,242 shares of the specialty retailer’s stock valued at $1,156,000 after purchasing an additional 59 shares during the last quarter. Finally, Bailard Inc. lifted its holdings in Williams-Sonoma by 1.6% during the 4th quarter. Bailard Inc. now owns 4,091 shares of the specialty retailer’s stock valued at $758,000 after purchasing an additional 66 shares during the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

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.