Weiss Ratings Reaffirms "Buy (B-)" Rating for Williams-Sonoma (NYSE:WSM)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B-)" rating for Williams-Sonoma, indicating positive sentiment towards the stock.
• The stock currently has a consensus target price of $199.11 from analysts, with varied ratings including two "Strong Buy," eight "Buy," and one "Sell."
• Williams-Sonoma reported better-than-expected quarterly earnings, with an EPS of $2.00, surpassing the consensus estimate by $0.21.

Williams-Sonoma (NYSE:WSM - Get Free Report)'s stock had its "buy (b-)" rating reiterated by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other analysts also recently issued reports on WSM. Telsey Advisory Group reissued an "outperform" rating and issued a $215.00 price objective on shares of Williams-Sonoma in a report on Thursday, August 28th. Citigroup upped their price target on shares of Williams-Sonoma from $162.00 to $202.00 and gave the stock a "neutral" rating in a report on Friday, August 22nd. KeyCorp increased their price objective on shares of Williams-Sonoma from $181.00 to $230.00 and gave the company an "overweight" rating in a research note on Monday, August 25th. Wells Fargo & Company increased their price objective on shares of Williams-Sonoma from $170.00 to $190.00 and gave the company an "equal weight" rating in a research note on Monday, August 25th. Finally, Morgan Stanley increased their price objective on shares of Williams-Sonoma from $185.00 to $200.00 and gave the company an "equal weight" rating in a research note on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $199.11.

Williams-Sonoma Price Performance

Shares of NYSE WSM traded up $1.01 during midday trading on Wednesday, reaching $190.07. 538,135 shares of the stock were exchanged, compared to its average volume of 1,800,074. The business has a 50-day simple moving average of $198.10 and a two-hundred day simple moving average of $173.93. The company has a market capitalization of $23.15 billion, a price-to-earnings ratio of 20.87, a P/E/G ratio of 3.16 and a beta of 1.55. Williams-Sonoma has a 12 month low of $125.33 and a 12 month high of $219.98.

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, beating the consensus estimate of $1.79 by $0.21. Williams-Sonoma had a net margin of 14.54% and a return on equity of 54.47%. The business had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.82 billion. During the same period in the previous year, the firm posted $1.74 EPS. The firm's revenue was up 2.7% compared to the same quarter last year. Williams-Sonoma has set its FY 2025 guidance at EPS. Equities research analysts expect that Williams-Sonoma will post 8.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Williams-Sonoma

In other news, EVP Karalyn Yearout sold 3,500 shares of Williams-Sonoma stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $198.79, for a total transaction of $695,765.00. Following the completion of the transaction, the executive vice president directly owned 14,003 shares in the company, valued at $2,783,656.37. This trade represents a 20.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeffrey Howie sold 3,153 shares of the firm's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $198.84, for a total transaction of $626,942.52. Following the transaction, the chief financial officer directly owned 34,138 shares in the company, valued at $6,787,999.92. The trade was a 8.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 144,153 shares of company stock valued at $27,946,408 over the last three months. Corporate insiders own 1.10% of the company's stock.

Institutional Trading of Williams-Sonoma

Several hedge funds have recently added to or reduced their stakes in WSM. Maseco LLP bought a new stake in shares of Williams-Sonoma in the second quarter valued at approximately $26,000. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Williams-Sonoma by 130.8% in the 2nd 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 raised its holdings in Williams-Sonoma by 99.0% during the 1st quarter. Quarry LP now owns 199 shares of the specialty retailer's stock valued at $31,000 after buying an additional 99 shares during the last quarter. Costello Asset Management INC bought a new position in Williams-Sonoma in the 1st quarter worth $32,000. Finally, Wayfinding Financial LLC purchased a new position in Williams-Sonoma during the 1st quarter valued at about $35,000. Institutional investors own 99.29% of the company's stock.

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.

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