Williams-Sonoma (NYSE:WSM) Price Target Raised to $65.00
Williams-Sonoma (NYSE:WSM) had its price target hoisted by UBS Group from $60.00 to $65.00 in a research note issued to investors on Monday, BenzingaRatingsTable reports. The firm currently has a neutral rating on the specialty retailer’s stock.
WSM has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Williams-Sonoma from a hold rating to a buy rating and set a $68.00 target price on the stock in a report on Friday, June 28th. Goldman Sachs Group initiated coverage on shares of Williams-Sonoma in a report on Thursday, July 11th. They set a buy rating and a $72.00 target price on the stock. Berenberg Bank initiated coverage on shares of Williams-Sonoma in a report on Thursday, May 9th. They set a hold rating and a $61.00 target price on the stock. Citigroup increased their price objective on shares of Williams-Sonoma from $58.00 to $59.00 and gave the company a neutral rating in a research report on Friday, May 31st. Finally, Bank of America set a $45.00 price objective on shares of Williams-Sonoma and gave the company an underperform rating in a research report on Friday, May 31st. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $60.71.
Williams-Sonoma stock opened at $65.46 on Monday. The firm has a market cap of $4.98 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of 1.88 and a beta of 0.85. Williams-Sonoma has a 52-week low of $45.01 and a 52-week high of $73.99. The company has a quick ratio of 0.30, a current ratio of 1.33 and a debt-to-equity ratio of 1.28. The company’s 50 day moving average is $65.71 and its two-hundred day moving average is $59.28.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, July 26th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, July 25th. Williams-Sonoma’s dividend payout ratio (DPR) is 43.05%.
In related news, Director Sabrina Simmons sold 1,750 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $60.08, for a total value of $105,140.00. Following the transaction, the director now directly owns 10,915 shares of the company’s stock, valued at approximately $655,773.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Marta Benson sold 5,000 shares of the stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $61.60, for a total transaction of $308,000.00. Following the completion of the transaction, the insider now directly owns 17,061 shares in the company, valued at $1,050,957.60. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of WSM. Psagot Investment House Ltd. purchased a new position in Williams-Sonoma during the 2nd quarter worth $25,000. Penserra Capital Management LLC purchased a new position in Williams-Sonoma during the 1st quarter worth $28,000. Meeder Asset Management Inc. purchased a new position in Williams-Sonoma during the 2nd quarter worth $43,000. Marshall Wace North America L.P. purchased a new position in Williams-Sonoma during the 1st quarter worth $56,000. Finally, Point72 Hong Kong Ltd purchased a new position in Williams-Sonoma during the 2nd quarter worth $67,000.
Williams-Sonoma Company Profile
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.
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