Williams-Sonoma, Inc. (NYSE:WSM) Receives $173.78 Consensus PT from Brokerages

Shares of Williams-Sonoma, Inc. (NYSE:WSM) have earned an average rating of “Hold” from the eighteen ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $173.78.

A number of equities research analysts have weighed in on the stock. Gordon Haskett upgraded shares of Williams-Sonoma to a “hold” rating in a report on Thursday, February 13th. Jefferies Financial Group lifted their price target on Williams-Sonoma from $194.00 to $226.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group increased their price objective on shares of Williams-Sonoma from $170.00 to $224.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised their price objective on shares of Williams-Sonoma from $136.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company upped their target price on shares of Williams-Sonoma from $165.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th.

Williams-Sonoma Trading Up 1.3 %

Shares of WSM stock opened at $167.22 on Friday. The company’s fifty day moving average price is $199.93 and its 200-day moving average price is $171.36. The stock has a market cap of $20.58 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 2.89 and a beta of 1.82. Williams-Sonoma has a 12 month low of $125.33 and a 12 month high of $219.98.

Insider Activity at Williams-Sonoma

In other news, CFO Jeffrey Howie sold 1,408 shares of Williams-Sonoma stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $194.32, for a total transaction of $273,602.56. Following the transaction, the chief financial officer now owns 46,388 shares in the company, valued at $9,014,116.16. This trade represents a 2.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Laura Alber sold 45,000 shares of the business’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 sale, the chief executive officer now directly owns 944,666 shares of the company’s stock, valued at approximately $196,263,808.16. The trade was a 4.55 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Williams-Sonoma

Several institutional investors and hedge funds have recently bought and sold shares of WSM. Smithfield Trust Co lifted its position in shares of Williams-Sonoma by 100.0% during the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 80 shares in the last quarter. Cassady Schiller Wealth Management LLC raised its stake in Williams-Sonoma by 100.0% during the 3rd 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 purchased a new position in Williams-Sonoma during the third quarter valued at approximately $28,000. Hobbs Group Advisors LLC lifted its holdings in Williams-Sonoma by 100.0% during the third 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 in the last quarter. Finally, Heck Capital Advisors LLC bought a new position in shares of Williams-Sonoma in the fourth quarter worth approximately $37,000. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

About Williams-Sonoma

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.