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

Williams-Sonoma (NYSE:WSM) had its price objective raised by investment analysts at Barclays from $123.00 to $131.00 in a report issued on Thursday, MarketBeat.com reports. The firm presently has an “underweight” rating on the specialty retailer’s stock. Barclays‘s price target suggests a potential downside of 21.66% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. TD Cowen upped their price target on shares of Williams-Sonoma from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Loop Capital upped their price target on shares of Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. upped their price target on shares of Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Wedbush reaffirmed a “neutral” rating and issued a $190.00 price target (up from $175.00) on shares of Williams-Sonoma in a research note on Friday, February 28th. Finally, Telsey Advisory Group upped their price target on shares of Williams-Sonoma from $165.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $173.78.

Williams-Sonoma Stock Up 1.3 %

Williams-Sonoma stock opened at $167.22 on Thursday. The firm has a 50-day moving average price of $199.93 and a two-hundred day moving average price of $170.85. The firm has a market capitalization of $20.58 billion, a price-to-earnings ratio of 19.78, a PEG 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.

Insider Activity

In other Williams-Sonoma news, CFO Jeffrey Howie sold 1,408 shares of the company’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 value of $273,602.56. Following the transaction, the chief financial officer now owns 46,388 shares in the company, valued at approximately $9,014,116.16. This represents a 2.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the chief executive officer now owns 944,666 shares in the company, valued at approximately $196,263,808.16. This represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Smithfield Trust Co grew its position in Williams-Sonoma by 100.0% in the third quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 80 shares in the last quarter. Cassady Schiller Wealth Management LLC grew its position in 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 acquiring an additional 83 shares in the last quarter. Brooklyn Investment Group bought a new stake in Williams-Sonoma in the third quarter worth approximately $28,000. Hobbs Group Advisors LLC grew its position in Williams-Sonoma by 100.0% in the third quarter. Hobbs Group Advisors LLC now owns 236 shares of the specialty retailer’s stock worth $37,000 after acquiring an additional 118 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new stake in Williams-Sonoma in the fourth quarter worth approximately $37,000. Institutional investors and hedge funds 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.