Williams-Sonoma (NYSE:WSM – Get Free Report) was upgraded by equities research analysts at Piper Sandler to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.
Several other analysts have also recently issued reports on the company. Wells Fargo & Company set a $190.00 target price on Williams-Sonoma and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. Evercore set a $200.00 price target on Williams-Sonoma in a report on Tuesday, April 14th. Barclays set a $190.00 price target on Williams-Sonoma and gave the stock an “equal weight” rating in a research note on Friday, May 22nd. The Goldman Sachs Group raised shares of Williams-Sonoma from a “neutral” rating to a “buy” rating and increased their price objective for the company from $185.00 to $218.00 in a report on Monday, April 13th. Finally, Citigroup reduced their price objective on shares of Williams-Sonoma from $208.00 to $200.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Williams-Sonoma has an average rating of “Moderate Buy” and an average price target of $215.47.
Get Our Latest Research Report on WSM
Williams-Sonoma Stock Performance
Williams-Sonoma (NYSE:WSM – Get Free Report) last posted its quarterly earnings results on Thursday, May 21st. The specialty retailer reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.13. Williams-Sonoma had a return on equity of 53.29% and a net margin of 13.81%.The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the firm earned $1.85 earnings per share. The business’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts forecast that Williams-Sonoma will post 9.39 EPS for the current year.
Insider Transactions at Williams-Sonoma
In related news, CEO Laura Alber sold 15,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $200.00, for a total value of $3,000,000.00. Following the sale, the chief executive officer directly owned 923,524 shares in the company, valued at approximately $184,704,800. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Karalyn Yearout sold 1,112 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $228.49, for a total value of $254,080.88. Following the transaction, the executive vice president directly owned 21,717 shares of the company’s stock, valued at approximately $4,962,117.33. The trade was a 4.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 36,634 shares of company stock worth $6,812,283 over the last quarter. 1.10% of the stock is owned by company insiders.
Institutional Trading of Williams-Sonoma
Hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Williams-Sonoma during the 4th quarter valued at approximately $25,000. Atlantic Union Bankshares Corp increased its position in Williams-Sonoma by 51.5% in the fourth quarter. Atlantic Union Bankshares Corp now owns 147 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 50 shares during the last quarter. Ballast Advisors LLC bought a new stake in Williams-Sonoma in the first quarter worth $30,000. MidFirst Bank purchased a new stake in Williams-Sonoma during the fourth quarter valued at $30,000. Finally, Millstone Evans Group LLC raised its stake in Williams-Sonoma by 229.4% during the first quarter. Millstone Evans Group LLC now owns 168 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 117 shares in the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.
Williams-Sonoma Company Profile
Williams‑Sonoma, Inc is a specialty retailer focused on the home and culinary markets, best known for premium cookware, kitchen tools and home furnishings. The company traces its roots to a single cookware store founded by Chuck Williams in 1956 in Sonoma, California, and has evolved into a multi‑brand home furnishings and housewares business. Its merchandise mix spans cookware and kitchen electrics, tabletop and food prep items, furniture, bedding, lighting and decorative accessories designed for both everyday use and higher‑end interiors.
The company operates a portfolio of consumer brands that target distinct segments of the home market.
Featured Stories
- Five stocks we like better than Williams-Sonoma
- AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next
- Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now
- Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There?
- Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight
Receive News & Ratings for Williams-Sonoma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma and related companies with MarketBeat.com's FREE daily email newsletter.
