Williams-Sonoma (NYSE:WSM) Given New $131.00 Price Target at JPMorgan Chase & Co.

Williams-Sonoma (NYSE:WSMGet Rating) had its price target cut by JPMorgan Chase & Co. from $143.00 to $131.00 in a research note issued to investors on Friday, The Fly reports.

A number of other research firms also recently commented on WSM. Wells Fargo & Company boosted their price target on Williams-Sonoma from $135.00 to $170.00 and gave the company an equal weight rating in a research note on Thursday, August 25th. Royal Bank of Canada boosted their price target on Williams-Sonoma from $185.00 to $192.00 in a research note on Thursday, August 25th. Jefferies Financial Group downgraded Williams-Sonoma from a hold rating to an underperform rating and dropped their price target for the company from $160.00 to $100.00 in a research note on Monday, October 24th. Wedbush downgraded Williams-Sonoma from an outperform rating to a neutral rating and lowered their target price for the stock from $190.00 to $110.00 in a research note on Tuesday, November 8th. Finally, Morgan Stanley boosted their target price on Williams-Sonoma from $140.00 to $150.00 and gave the stock an equal weight rating in a research note on Monday, August 29th. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $154.06.

Williams-Sonoma Stock Performance

Shares of Williams-Sonoma stock opened at $133.60 on Friday. The firm has a 50-day moving average of $127.00 and a 200-day moving average of $131.49. The stock has a market cap of $8.91 billion, a PE ratio of 8.31, a PEG ratio of 1.47 and a beta of 1.61. Williams-Sonoma has a 52-week low of $101.58 and a 52-week high of $223.32.

Williams-Sonoma (NYSE:WSMGet Rating) last posted its quarterly earnings results on Wednesday, August 24th. The specialty retailer reported $3.87 EPS for the quarter, beating analysts’ consensus estimates of $3.54 by $0.33. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.03 billion. Williams-Sonoma had a return on equity of 81.21% and a net margin of 13.68%. Williams-Sonoma’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.24 earnings per share. Equities research analysts predict that Williams-Sonoma will post 16.67 earnings per share for the current fiscal year.

Williams-Sonoma Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Stockholders of record on Friday, October 21st will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Thursday, October 20th. Williams-Sonoma’s dividend payout ratio is currently 19.42%.

Insider Activity

In related news, CEO Laura Alber sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $150.43, for a total value of $3,008,600.00. Following the sale, the chief executive officer now directly owns 501,653 shares in the company, valued at $75,463,660.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.70% of the stock is currently owned by insiders.

Institutional Trading of Williams-Sonoma

Several institutional investors have recently added to or reduced their stakes in WSM. SeaCrest Wealth Management LLC bought a new position in shares of Williams-Sonoma during the 2nd quarter worth approximately $28,000. C M Bidwell & Associates Ltd. bought a new position in shares of Williams-Sonoma during the 2nd quarter worth approximately $32,000. Allworth Financial LP boosted its holdings in shares of Williams-Sonoma by 69.9% during the 2nd quarter. Allworth Financial LP now owns 294 shares of the specialty retailer’s stock worth $33,000 after buying an additional 121 shares in the last quarter. CWM LLC boosted its holdings in shares of Williams-Sonoma by 42.5% during the 1st quarter. CWM LLC now owns 285 shares of the specialty retailer’s stock worth $41,000 after buying an additional 85 shares in the last quarter. Finally, Private Trust Co. NA bought a new position in shares of Williams-Sonoma during the 2nd quarter worth approximately $41,000. 93.74% of the stock is currently owned by institutional investors.

About Williams-Sonoma

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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.

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