Williams-Sonoma (NYSE:WSM) Given New $210.00 Price Target at TD Cowen

Williams-Sonoma (NYSE:WSM) had its price objective trimmed by TD Cowen from $225.00 to $210.00 in a report issued on Thursday,Benzinga reports. The firm currently has a buy rating on the specialty retailer’s stock.

Several other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on Williams-Sonoma from $168.00 to $215.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Gordon Haskett upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a report on Wednesday, July 23rd. Telsey Advisory Group dropped their price objective on shares of Williams-Sonoma from $225.00 to $220.00 and set an “outperform” rating on the stock in a research note on Thursday. Wells Fargo & Company lifted their target price on shares of Williams-Sonoma from $190.00 to $205.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 11th. Finally, Morgan Stanley boosted their price target on shares of Williams-Sonoma from $185.00 to $200.00 and gave the company an “equal weight” rating in a report on Thursday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $199.00.

Williams-Sonoma Price Performance

NYSE WSM traded up $5.05 on Thursday, hitting $177.60. 262,764 shares of the stock were exchanged, compared to its average volume of 1,699,547. Williams-Sonoma has a 52-week low of $130.07 and a 52-week high of $219.98. The company has a market capitalization of $21.63 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 3.16 and a beta of 1.56. The company’s 50-day moving average price is $192.29 and its two-hundred day moving average price is $182.45.

Williams-Sonoma (NYSE:WSM) last released its earnings results on Wednesday, November 19th. The specialty retailer reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.09. Williams-Sonoma had a return on equity of 54.47% and a net margin of 14.54%.The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the company earned $1.96 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Williams-Sonoma has set its FY 2025 guidance at EPS. Equities analysts predict that Williams-Sonoma will post 8.36 EPS for the current fiscal year.

Williams-Sonoma Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, October 17th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, October 17th. Williams-Sonoma’s dividend payout ratio is currently 29.04%.

Insider Activity

In related news, EVP David Randolph King sold 17,500 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $203.60, for a total transaction of $3,563,000.00. Following the transaction, the executive vice president owned 98,560 shares of the company’s stock, valued at approximately $20,066,816. The trade was a 15.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Laura Alber sold 90,000 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $200.17, for a total transaction of $18,015,300.00. Following the transaction, the chief executive officer owned 876,927 shares of the company’s stock, valued at approximately $175,534,477.59. The trade was a 9.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 114,153 shares of company stock worth $22,901,008. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Williams-Sonoma

Large investors have recently added to or reduced their stakes in the company. Groupe la Francaise grew its holdings in shares of Williams-Sonoma by 8.2% during the 2nd quarter. Groupe la Francaise now owns 631 shares of the specialty retailer’s stock worth $103,000 after purchasing an additional 48 shares in the last quarter. Sentry Investment Management LLC lifted its holdings in shares of Williams-Sonoma by 25.1% during the third quarter. Sentry Investment Management LLC now owns 274 shares of the specialty retailer’s stock valued at $52,000 after acquiring an additional 55 shares during the period. Elyxium Wealth LLC boosted its stake in shares of Williams-Sonoma by 0.4% in the 3rd quarter. Elyxium Wealth LLC now owns 16,099 shares of the specialty retailer’s stock valued at $3,146,000 after purchasing an additional 57 shares in the last quarter. Eukles Asset Management grew its holdings in shares of Williams-Sonoma by 0.5% in the 3rd quarter. Eukles Asset Management now owns 12,575 shares of the specialty retailer’s stock worth $2,458,000 after purchasing an additional 60 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in Williams-Sonoma by 2.1% in the second quarter. Parallel Advisors LLC now owns 3,016 shares of the specialty retailer’s stock valued at $493,000 after buying an additional 61 shares in the last quarter. Institutional investors and hedge funds 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.