Williams-Sonoma (NYSE:WSM) Rating Reiterated by Oppenheimer

Oppenheimer reiterated their market perform rating on shares of Williams-Sonoma (NYSE:WSMFree Report) in a research report report published on Friday, Benzinga reports.

Several other brokerages have also recently weighed in on WSM. UBS Group raised their price target on shares of Williams-Sonoma from $110.00 to $140.00 and gave the company a sell rating in a research report on Friday, November 17th. The Goldman Sachs Group raised shares of Williams-Sonoma from a sell rating to a neutral rating and lifted their target price for the stock from $154.00 to $263.00 in a research report on Thursday, March 14th. Evercore ISI lifted their target price on shares of Williams-Sonoma from $160.00 to $175.00 and gave the stock an in-line rating in a research report on Friday, November 17th. Morgan Stanley raised shares of Williams-Sonoma from an underweight rating to an equal weight rating and lifted their target price for the stock from $155.00 to $270.00 in a research report on Thursday, March 14th. Finally, Royal Bank of Canada lifted their target price on shares of Williams-Sonoma from $150.00 to $165.00 and gave the stock an outperform rating in a research report on Friday, November 17th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Hold and a consensus price target of $230.06.

Get Our Latest Stock Analysis on Williams-Sonoma

Williams-Sonoma Stock Performance

Shares of NYSE WSM opened at $285.42 on Friday. Williams-Sonoma has a fifty-two week low of $109.44 and a fifty-two week high of $292.40. The stock has a market cap of $18.31 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 1.94 and a beta of 1.66. The firm’s 50-day simple moving average is $222.78 and its 200 day simple moving average is $187.92.

Williams-Sonoma (NYSE:WSMGet Free Report) last announced its quarterly earnings results on Wednesday, March 13th. The specialty retailer reported $5.44 earnings per share for the quarter, beating the consensus estimate of $5.06 by $0.38. Williams-Sonoma had a net margin of 12.25% and a return on equity of 55.15%. The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter last year, the firm earned $5.50 EPS. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. On average, sell-side analysts predict that Williams-Sonoma will post 14.72 EPS for the current year.

Williams-Sonoma Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, April 19th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 1.58%. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, April 18th. Williams-Sonoma’s payout ratio is currently 24.71%.

Insider Activity at Williams-Sonoma

In related news, CEO Laura Alber sold 20,000 shares of Williams-Sonoma stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $201.92, for a total value of $4,038,400.00. Following the completion of the transaction, the chief executive officer now directly owns 525,509 shares in the company, valued at approximately $106,110,777.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. FinTrust Capital Advisors LLC grew its position in shares of Williams-Sonoma by 9.5% during the 4th quarter. FinTrust Capital Advisors LLC now owns 521 shares of the specialty retailer’s stock valued at $105,000 after purchasing an additional 45 shares in the last quarter. Lindbrook Capital LLC grew its position in shares of Williams-Sonoma by 30.5% during the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 54 shares in the last quarter. Quent Capital LLC grew its position in shares of Williams-Sonoma by 27.8% during the 4th quarter. Quent Capital LLC now owns 299 shares of the specialty retailer’s stock valued at $60,000 after purchasing an additional 65 shares in the last quarter. TFG Advisers LLC grew its position in shares of Williams-Sonoma by 2.6% during the 4th quarter. TFG Advisers LLC now owns 2,642 shares of the specialty retailer’s stock valued at $533,000 after purchasing an additional 67 shares in the last quarter. Finally, JGP Wealth Management LLC grew its position in shares of Williams-Sonoma by 1.2% during the 4th quarter. JGP Wealth Management LLC now owns 5,725 shares of the specialty retailer’s stock valued at $1,155,000 after purchasing an additional 69 shares in the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Williams-Sonoma Company Profile

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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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Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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