Citigroup Issues Pessimistic Forecast for Williams-Sonoma (NYSE:WSM) Stock Price

Williams-Sonoma (NYSE:WSM) had its price target cut by stock analysts at Citigroup from $140.00 to $134.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. Citigroup’s price objective would suggest a potential upside of 3.24% from the company’s previous close.

A number of other research firms also recently weighed in on WSM. TD Cowen raised their price target on Williams-Sonoma from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Wedbush downgraded shares of Williams-Sonoma from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $150.00 to $135.00 in a report on Wednesday, October 30th. Barclays dropped their price target on shares of Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating on the stock in a research report on Friday, August 23rd. Telsey Advisory Group reissued an “outperform” rating and issued a $165.00 price objective on shares of Williams-Sonoma in a research report on Friday, October 11th. Finally, Robert W. Baird cut their target price on shares of Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, August 23rd. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Williams-Sonoma has an average rating of “Hold” and an average price target of $139.47.

Williams-Sonoma Stock Down 3.1 %

Shares of WSM stock opened at $129.80 on Friday. Williams-Sonoma has a 12 month low of $71.92 and a 12 month high of $174.26. The company’s fifty day simple moving average is $141.48 and its 200-day simple moving average is $144.92. The firm has a market cap of $16.40 billion, a PE ratio of 15.60, a P/E/G ratio of 2.54 and a beta of 1.76.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 EPS for the quarter, topping the consensus estimate of $1.61 by $0.13. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Williams-Sonoma had a net margin of 14.29% and a return on equity of 51.57%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.56 EPS. On average, equities analysts predict that Williams-Sonoma will post 7.99 earnings per share for the current fiscal year.

Insider Buying and Selling at Williams-Sonoma

In other news, CEO Laura Alber sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $145.27, for a total transaction of $5,810,800.00. Following the transaction, the chief executive officer now directly owns 1,030,956 shares of the company’s stock, valued at approximately $149,766,978.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Laura Alber sold 40,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $145.27, for a total transaction of $5,810,800.00. Following the sale, the chief executive officer now directly owns 1,030,956 shares of the company’s stock, valued at approximately $149,766,978.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Karalyn Smith sold 11,100 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $134.66, for a total value of $1,494,726.00. Following the completion of the transaction, the executive vice president now owns 15,150 shares in the company, valued at $2,040,099. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Institutional Trading of Williams-Sonoma

A number of institutional investors and hedge funds have recently made changes to their positions in WSM. EntryPoint Capital LLC raised its position in Williams-Sonoma by 520.0% during the first quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 78 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Williams-Sonoma during the 2nd quarter worth $26,000. Crewe Advisors LLC bought a new stake in shares of Williams-Sonoma during the 2nd quarter worth $29,000. Hobbs Group Advisors LLC acquired a new stake in Williams-Sonoma in the second quarter valued at about $33,000. Finally, Cassady Schiller Wealth Management LLC boosted its stake in Williams-Sonoma by 100.0% in the third quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 83 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Company Profile

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.