Evercore ISI Lowers Williams-Sonoma (NYSE:WSM) Price Target to $200.00

Key Points

• Evercore ISI has reduced its price target for Williams-Sonoma from $210 to $200, suggesting a potential upside of 5.80% from the current price.
• Other analysts have mixed ratings, with Citigroup raising their target to $202 and JPMorgan Chase increasing theirs to $215, indicating a generally positive outlook for the company.
• Insider trading activity shows executives have sold significant shares recently, with a total of 114,153 shares sold by insiders worth nearly $22.9 million over the past 90 days.

Williams-Sonoma (NYSE:WSM - Get Free Report) had its target price lowered by Evercore ISI from $210.00 to $200.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "in-line" rating on the specialty retailer's stock. Evercore ISI's price objective would indicate a potential upside of 5.80% from the company's current price.

Other equities analysts have also issued reports about the company. Citigroup boosted their price target on Williams-Sonoma from $162.00 to $202.00 and gave the company a "neutral" rating in a research note on Friday, August 22nd. Weiss Ratings restated a "buy (b-)" rating on shares of Williams-Sonoma in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on Williams-Sonoma from $168.00 to $215.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. The Goldman Sachs Group increased their price target on Williams-Sonoma from $179.00 to $203.00 and gave the company a "neutral" rating in a research note on Thursday, August 28th. Finally, Argus set a $212.00 price objective on Williams-Sonoma in a research note on Tuesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $198.56.

Williams-Sonoma Stock Down 0.5%

Shares of NYSE:WSM traded down $0.96 on Tuesday, reaching $189.04. The company had a trading volume of 79,762 shares, compared to its average volume of 1,787,027. Williams-Sonoma has a twelve month low of $125.33 and a twelve month high of $219.98. The stock has a 50-day moving average price of $197.82 and a 200 day moving average price of $174.61. The stock has a market capitalization of $23.02 billion, a P/E ratio of 20.76, a P/E/G ratio of 2.93 and a beta of 1.55.

Williams-Sonoma (NYSE:WSM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The specialty retailer reported $2.00 EPS for the quarter, topping analysts' consensus estimates of $1.79 by $0.21. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.82 billion. Williams-Sonoma had a return on equity of 54.47% and a net margin of 14.54%.The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.74 earnings per share. Williams-Sonoma has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Williams-Sonoma will post 8.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP David Randolph King sold 17,500 shares of Williams-Sonoma stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $203.60, for a total transaction of $3,563,000.00. Following the completion of the transaction, the executive vice president owned 98,560 shares in the company, valued at approximately $20,066,816. This trade represents a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Karalyn Yearout sold 3,500 shares of Williams-Sonoma stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $198.79, for a total value of $695,765.00. Following the transaction, the executive vice president owned 14,003 shares of the company's stock, valued at $2,783,656.37. The trade was a 20.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 114,153 shares of company stock worth $22,901,008 over the last 90 days. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Williams-Sonoma

Hedge funds and other institutional investors have recently bought and sold shares of the business. Maseco LLP bought a new position in Williams-Sonoma during the second quarter worth about $26,000. Vermillion & White Wealth Management Group LLC lifted its position in Williams-Sonoma by 130.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 180 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 102 shares during the last quarter. Quarry LP lifted its position in Williams-Sonoma by 99.0% during the first quarter. Quarry LP now owns 199 shares of the specialty retailer's stock worth $31,000 after acquiring an additional 99 shares during the last quarter. Costello Asset Management INC acquired a new stake in Williams-Sonoma during the first quarter worth approximately $32,000. Finally, Wayfinding Financial LLC acquired a new stake in Williams-Sonoma during the first quarter worth approximately $35,000. Institutional investors own 99.29% of the company's stock.

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.

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