Williams-Sonoma, Inc. (NYSE:WSM) Given Average Recommendation of “Hold” by Brokerages

Shares of Williams-Sonoma, Inc. (NYSE:WSMGet Free Report) have received a consensus rating of “Hold” from the eighteen ratings firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $163.16.

Several research analysts have weighed in on the stock. Barclays increased their target price on shares of Williams-Sonoma from $116.00 to $123.00 and gave the stock an “underweight” rating in a research note 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 report on Wednesday, December 18th. Evercore ISI upped their price target on Williams-Sonoma from $140.00 to $180.00 and gave the stock an “in-line” rating in a research note on Thursday, November 21st. Wedbush lifted their price objective on Williams-Sonoma from $135.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Finally, Loop Capital increased their target price on Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a research note on Thursday, November 21st.

Check Out Our Latest Analysis on Williams-Sonoma

Insider Transactions at Williams-Sonoma

In related news, CFO Jeffrey Howie sold 3,160 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $177.39, for a total value of $560,552.40. Following the completion of the transaction, the chief financial officer now directly owns 46,388 shares of the company’s stock, valued at $8,228,767.32. This represents a 6.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Laura Alber sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was 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 in the company, 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. In the last ninety days, insiders sold 88,160 shares of company stock valued at $15,129,352. 1.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Williams-Sonoma

Hedge funds have recently made changes to their positions in the company. Smithfield Trust Co lifted its holdings in shares of Williams-Sonoma by 100.0% in the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 80 shares during the last quarter. Cassady Schiller Wealth Management LLC lifted 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 during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Williams-Sonoma in the third quarter valued at approximately $28,000. Clean Yield Group purchased a new position in shares of Williams-Sonoma during the third quarter worth approximately $30,000. Finally, HM Payson & Co. increased its holdings in shares of Williams-Sonoma by 100.0% in the 3rd quarter. HM Payson & Co. now owns 200 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Trading Up 0.9 %

NYSE WSM opened at $216.70 on Thursday. The stock has a fifty day simple moving average of $190.40 and a 200-day simple moving average of $158.74. The stock has a market cap of $26.68 billion, a PE ratio of 25.63, a P/E/G ratio of 3.21 and a beta of 1.79. Williams-Sonoma has a twelve month low of $95.76 and a twelve month high of $217.64.

Williams-Sonoma Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 17th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Friday, January 17th. Williams-Sonoma’s dividend payout ratio is presently 26.97%.

Williams-Sonoma Company Profile

(Get Free Report

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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