Wells Fargo & Company Raises Williams-Sonoma (NYSE:WSM) Price Target to $205.00

Williams-Sonoma (NYSE:WSM) had its price objective hoisted by Wells Fargo & Company from $190.00 to $205.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 6.95% from the company’s previous close.

A number of other research firms also recently commented on WSM. Telsey Advisory Group restated an “outperform” rating and issued a $215.00 price objective on shares of Williams-Sonoma in a report 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 on the stock in a report on Wednesday, July 23rd. The Goldman Sachs Group lifted their price target on shares of Williams-Sonoma from $179.00 to $203.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Morgan Stanley boosted their price objective on shares of Williams-Sonoma from $185.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 28th. Finally, KeyCorp raised their target price on shares of Williams-Sonoma from $181.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, August 25th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.39.

Williams-Sonoma Stock Up 0.1%

NYSE:WSM opened at $191.68 on Tuesday. The company has a market cap of $23.34 billion, a P/E ratio of 21.09, a P/E/G ratio of 3.16 and a beta of 1.56. Williams-Sonoma has a fifty-two week low of $128.37 and a fifty-two week high of $219.98. The firm’s 50 day moving average is $195.07 and its two-hundred day moving average is $181.62.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Wednesday, August 27th. The specialty retailer reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.21. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Williams-Sonoma had a net margin of 14.54% and a return on equity of 54.47%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.74 EPS. Williams-Sonoma has set its FY 2025 guidance at EPS. Research analysts forecast that Williams-Sonoma will post 8.36 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP David Randolph King sold 17,500 shares of Williams-Sonoma 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 sale, the executive vice president owned 98,560 shares of the company’s stock, valued at $20,066,816. The trade was a 15.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Laura Alber sold 90,000 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $200.17, for a total transaction of $18,015,300.00. Following the completion of the transaction, the chief executive officer owned 876,927 shares in the company, valued at $175,534,477.59. This represents a 9.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 114,153 shares of company stock valued at $22,901,008 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Williams-Sonoma

A number of hedge funds have recently bought and sold shares of the business. True Wealth Design LLC raised its position in shares of Williams-Sonoma by 111.8% in the 3rd quarter. True Wealth Design LLC now owns 144 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 76 shares in the last quarter. Maseco LLP bought a new stake in shares of Williams-Sonoma in the second quarter worth $26,000. Vermillion & White Wealth Management Group LLC raised its holdings in Williams-Sonoma by 130.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 180 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 102 shares in the last quarter. Quarry LP raised its holdings in Williams-Sonoma by 99.0% in the first quarter. Quarry LP now owns 199 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 99 shares in the last quarter. Finally, Costello Asset Management INC bought a new position in Williams-Sonoma during the 1st quarter valued at $32,000. 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.