Williams-Sonoma (NYSE:WSM) Lifted to Accumulate at Gordon Haskett

Williams-Sonoma (NYSE:WSM) was upgraded by stock analysts at Gordon Haskett from a “hold” rating to an “accumulate” rating in a research report issued on Thursday, Marketbeat reports. The brokerage presently has a $68.00 price objective on the specialty retailer’s stock. Gordon Haskett’s target price points to a potential upside of 10.98% from the stock’s current price.

A number of other brokerages also recently issued reports on WSM. William Blair reaffirmed a “market perform” rating on shares of Williams-Sonoma in a research report on Thursday, March 21st. Citigroup upped their price objective on shares of Williams-Sonoma from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Friday, May 31st. Wedbush set a $63.00 target price on shares of Williams-Sonoma and gave the company a “hold” rating in a research note on Friday, May 31st. Zacks Investment Research upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research note on Monday, March 25th. Finally, UBS Group boosted their target price on shares of Williams-Sonoma from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, May 31st. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $59.60.

Shares of WSM stock opened at $61.27 on Thursday. 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 stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 1.73 and a beta of 0.83.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.12. Williams-Sonoma had a net margin of 5.98% and a return on equity of 33.75%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the firm posted $0.67 EPS. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, equities analysts expect that Williams-Sonoma will post 4.67 EPS for the current year.

In related news, Director Sabrina Simmons sold 1,750 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $60.08, for a total transaction of $105,140.00. Following the sale, the director now directly owns 10,915 shares in the company, valued at approximately $655,773.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.87% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of Williams-Sonoma by 3.0% during the 1st quarter. BlackRock Inc. now owns 7,594,827 shares of the specialty retailer’s stock valued at $427,359,000 after buying an additional 221,007 shares in the last quarter. Vanguard Group Inc lifted its stake in shares of Williams-Sonoma by 7.6% during the 3rd quarter. Vanguard Group Inc now owns 7,270,491 shares of the specialty retailer’s stock valued at $477,817,000 after buying an additional 515,402 shares in the last quarter. FMR LLC lifted its stake in shares of Williams-Sonoma by 48.8% during the 4th quarter. FMR LLC now owns 6,115,918 shares of the specialty retailer’s stock valued at $308,548,000 after buying an additional 2,004,426 shares in the last quarter. Aristotle Capital Management LLC lifted its stake in shares of Williams-Sonoma by 0.4% during the 1st quarter. Aristotle Capital Management LLC now owns 5,049,844 shares of the specialty retailer’s stock valued at $284,155,000 after buying an additional 21,892 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Williams-Sonoma by 2.7% during the 1st quarter. AQR Capital Management LLC now owns 1,653,591 shares of the specialty retailer’s stock valued at $93,048,000 after buying an additional 43,146 shares in the last quarter.

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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Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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