Citigroup Trims Williams-Sonoma (NYSE:WSM) Target Price to $123.00

Williams-Sonoma (NYSE:WSM – Get Rating) had its price objective dropped by equities research analysts at Citigroup from $127.00 to $123.00 in a research note issued on Thursday, The Fly reports. Citigroup’s target price points to a potential upside of 7.15% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Robert W. Baird cut their price objective on shares of Williams-Sonoma from $140.00 to $130.00 in a research report on Friday, March 17th. Telsey Advisory Group lowered their price target on Williams-Sonoma from $155.00 to $142.00 and set an “outperform” rating on the stock in a report on Tuesday, March 14th. Royal Bank of Canada lowered their price target on Williams-Sonoma from $151.00 to $143.00 and set an “outperform” rating on the stock in a report on Friday, March 17th. StockNews.com initiated coverage on Williams-Sonoma in a report on Thursday. They set a “hold” rating on the stock. Finally, Loop Capital lowered their price target on Williams-Sonoma from $205.00 to $185.00 in a report on Friday, March 17th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $126.76.

Williams-Sonoma Stock Performance

Shares of WSM opened at $114.79 on Thursday. The firm has a market cap of $7.54 billion, a PE ratio of 7.01, a PEG ratio of 0.89 and a beta of 1.61. The firm’s 50 day moving average price is $118.15 and its 200 day moving average price is $121.50. Williams-Sonoma has a twelve month low of $101.58 and a twelve month high of $176.89.

Williams-Sonoma (NYSE:WSM – Get Rating) last issued 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. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.60 billion. Williams-Sonoma had a net margin of 13.00% and a return on equity of 80.17%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $5.42 earnings per share. On average, sell-side analysts anticipate that Williams-Sonoma will post 13.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Williams-Sonoma

Institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. boosted its stake in Williams-Sonoma by 863.6% during the fourth quarter. Bessemer Group Inc. now owns 212 shares of the specialty retailer’s stock worth $25,000 after buying an additional 190 shares in the last quarter. Quarry LP boosted its stake in Williams-Sonoma by 229.8% during the first quarter. Quarry LP now owns 277 shares of the specialty retailer’s stock worth $34,000 after buying an additional 193 shares in the last quarter. Whittier Trust Co. boosted its stake in Williams-Sonoma by 210.0% during the fourth quarter. Whittier Trust Co. now owns 310 shares of the specialty retailer’s stock worth $36,000 after buying an additional 210 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Williams-Sonoma by 535.1% during the first quarter. Global Retirement Partners LLC now owns 362 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 305 shares during the period. Finally, CoreCap Advisors LLC bought a new position in shares of Williams-Sonoma during the fourth quarter valued at $43,000. Institutional investors and hedge funds 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.