Williams-Sonoma (NYSE:WSM) Given New $143.00 Price Target at Royal Bank of Canada

Williams-Sonoma (NYSE:WSM – Get Rating) had its price target cut by equities research analysts at Royal Bank of Canada from $151.00 to $143.00 in a report released on Friday, The Fly reports. The firm presently has an “outperform” rating on the specialty retailer’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 22.37% from the company’s current price.

Several other equities analysts have also weighed in on WSM. Morgan Stanley lowered shares of Williams-Sonoma from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $150.00 to $100.00 in a report on Monday, November 28th. Cowen dropped their price objective on shares of Williams-Sonoma from $170.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, November 18th. Robert W. Baird dropped their price objective on shares of Williams-Sonoma from $140.00 to $130.00 in a report on Friday. Barclays lowered shares of Williams-Sonoma from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $192.00 to $114.00 in a report on Monday, November 21st. Finally, The Goldman Sachs Group lowered their target price on shares of Williams-Sonoma from $123.00 to $109.00 and set a “sell” rating on the stock in a report on Monday, December 12th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Williams-Sonoma presently has a consensus rating of “Hold” and an average target price of $127.47.

Williams-Sonoma Trading Down 2.6 %

Shares of WSM opened at $116.86 on Friday. The stock has a market capitalization of $7.78 billion, a P/E ratio of 7.08, a price-to-earnings-growth ratio of 0.88 and a beta of 1.62. The firm’s fifty day simple moving average is $126.71 and its two-hundred day simple moving average is $125.08. Williams-Sonoma has a 12 month low of $101.58 and a 12 month high of $176.89.

Williams-Sonoma (NYSE:WSM – Get Rating) last announced its quarterly earnings data on Thursday, March 16th. The specialty retailer reported $5.50 earnings per share for the quarter, beating the consensus estimate of $5.41 by $0.09. Williams-Sonoma had a net margin of 13.48% and a return on equity of 83.08%. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the business earned $5.42 earnings per share. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. As a group, research analysts predict that Williams-Sonoma will post 13.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Williams-Sonoma

Several institutional investors and hedge funds have recently added to or reduced their stakes in WSM. Bessemer Group Inc. grew its position in shares of Williams-Sonoma by 863.6% during the 4th quarter. Bessemer Group Inc. now owns 212 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 190 shares during the period. SeaCrest Wealth Management LLC bought a new position in shares of Williams-Sonoma during the 2nd quarter valued at approximately $28,000. C M Bidwell & Associates Ltd. bought a new position in shares of Williams-Sonoma during the 2nd quarter valued at approximately $32,000. Whittier Trust Co. grew its position in shares of Williams-Sonoma by 210.0% during the 4th quarter. Whittier Trust Co. now owns 310 shares of the specialty retailer’s stock valued at $36,000 after acquiring an additional 210 shares during the period. Finally, Private Trust Co. NA bought a new position in shares of Williams-Sonoma during the 2nd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 99.49% of the company’s stock.

Williams-Sonoma Company Profile

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Williams-Sonoma, Inc engages in the retailing of home products. It operates through the following segments: Pottery Barn, West Elm, Williams Sonoma, Pottery Barn Kids and Teen and Other. The Other segment includes net revenues from international franchise operations, Rejuvenation and Mark and Graham.