Williams-Sonoma (NYSE:WSM) PT Raised to $65.00 at UBS Group

Williams-Sonoma (NYSE:WSM) had its price objective increased by research analysts at UBS Group from $60.00 to $65.00 in a research note issued to investors on Monday, BenzingaRatingsTable reports. The brokerage currently has a “neutral” rating on the specialty retailer’s stock. UBS Group’s price target suggests a potential upside of 0.46% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Citigroup boosted their price target on shares of Williams-Sonoma from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Friday, May 31st. Bank of America set a $45.00 price target on shares of Williams-Sonoma and gave the stock an “underperform” rating in a report on Friday, May 31st. Goldman Sachs Group began coverage on shares of Williams-Sonoma in a report on Thursday, July 11th. They issued a “buy” rating and a $72.00 price target for the company. Wedbush set a $63.00 price target on shares of Williams-Sonoma and gave the stock a “hold” rating in a report on Friday, May 31st. Finally, Zacks Investment Research raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Friday, June 28th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $60.71.

Shares of NYSE WSM opened at $64.70 on Monday. The firm has a market cap of $5.05 billion, a PE ratio of 14.51, a PEG ratio of 1.88 and a beta of 0.85. The firm has a fifty day moving average of $65.69 and a 200 day moving average of $59.22. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.30 and a current ratio of 1.33. Williams-Sonoma has a one year low of $45.01 and a one year high of $73.99.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. Williams-Sonoma had a net margin of 5.98% and a return on equity of 33.75%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 EPS. On average, equities analysts predict that Williams-Sonoma will post 4.67 EPS for the current fiscal year.

In related news, insider Marta Benson sold 5,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $61.60, for a total value of $308,000.00. Following the completion of the sale, the insider now owns 17,061 shares of the company’s stock, valued at $1,050,957.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sabrina Simmons sold 1,750 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $60.08, for a total transaction of $105,140.00. Following the completion of the sale, the director now directly owns 10,915 shares of the company’s stock, valued at approximately $655,773.20. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Williams-Sonoma by 2.3% in the second quarter. BlackRock Inc. now owns 7,772,596 shares of the specialty retailer’s stock valued at $505,218,000 after purchasing an additional 177,769 shares during the period. AQR Capital Management LLC grew its holdings in shares of Williams-Sonoma by 12.6% in the second quarter. AQR Capital Management LLC now owns 1,862,568 shares of the specialty retailer’s stock valued at $121,067,000 after purchasing an additional 208,977 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Williams-Sonoma by 6.1% in the second quarter. Bank of New York Mellon Corp now owns 1,777,631 shares of the specialty retailer’s stock valued at $115,545,000 after purchasing an additional 102,861 shares during the period. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Williams-Sonoma by 125.1% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 1,472,015 shares of the specialty retailer’s stock valued at $95,681,000 after purchasing an additional 818,015 shares during the period. Finally, LSV Asset Management grew its holdings in shares of Williams-Sonoma by 10.2% in the second quarter. LSV Asset Management now owns 1,339,276 shares of the specialty retailer’s stock valued at $87,052,000 after purchasing an additional 123,981 shares during the period.

About Williams-Sonoma

Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.

Further Reading: Are all No-Load Funds Equal?

Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

Receive News & Ratings for Williams-Sonoma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit