Barclays Issues Positive Forecast for Williams-Sonoma (NYSE:WSM) Stock Price

Williams-Sonoma (NYSE:WSM) had its price objective raised by Barclays from $123.00 to $131.00 in a research report report published on Thursday, Marketbeat Ratings reports. The brokerage currently has an underweight rating on the specialty retailer’s stock.

Several other equities research analysts also recently commented on the stock. Telsey Advisory Group upped their price target on shares of Williams-Sonoma from $165.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. TD Cowen boosted their target price on shares of Williams-Sonoma from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Royal Bank of Canada raised their price target on shares of Williams-Sonoma from $162.00 to $189.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Jefferies Financial Group lifted their target price on shares of Williams-Sonoma from $194.00 to $226.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Evercore ISI upped their price target on shares of Williams-Sonoma from $140.00 to $180.00 and gave the stock an “in-line” rating in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $173.78.

Williams-Sonoma Trading Down 5.7 %

NYSE WSM opened at $164.87 on Thursday. Williams-Sonoma has a 1 year low of $125.33 and a 1 year high of $219.98. The company has a market cap of $20.30 billion, a PE ratio of 19.50, a PEG ratio of 2.89 and a beta of 1.82. The stock’s 50-day moving average price is $200.44 and its two-hundred day moving average price is $170.62.

Insider Buying and Selling

In other news, CFO Jeffrey Howie sold 1,408 shares of Williams-Sonoma stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $194.32, for a total value of $273,602.56. Following the transaction, the chief financial officer now owns 46,388 shares of the company’s stock, valued at $9,014,116.16. This trade represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Laura Alber sold 45,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $207.76, for a total transaction of $9,349,200.00. Following the completion of the transaction, the chief executive officer now owns 944,666 shares in the company, valued at $196,263,808.16. The trade was a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Williams-Sonoma

A number of institutional investors have recently made changes to their positions in WSM. Smithfield Trust Co increased its position in Williams-Sonoma by 100.0% in the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock worth $25,000 after buying an additional 80 shares during the period. Cassady Schiller Wealth Management LLC increased its position in Williams-Sonoma by 100.0% during the third quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 83 shares during the period. Brooklyn Investment Group acquired a new position in Williams-Sonoma during the 3rd quarter valued at $28,000. Hobbs Group Advisors LLC boosted its holdings in Williams-Sonoma by 100.0% in the 3rd quarter. Hobbs Group Advisors LLC now owns 236 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 118 shares during the period. Finally, Heck Capital Advisors LLC acquired a new stake in Williams-Sonoma in the 4th quarter worth $37,000. 99.29% of the stock is currently owned by institutional investors.

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.