Williams-Sonoma (NYSE:WSM) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Key Points

• Royal Bank of Canada has raised its price target for Williams-Sonoma from $182.00 to $212.00, indicating a potential upside of 3.75%.
• Analysts have mixed ratings on the stock, with an average rating of "Hold" and a price target of $180.18.
• Williams-Sonoma's stock recently traded down 2.8% to $204.34, while the company reported a revenue increase of 4.2% year-over-year.

Williams-Sonoma (NYSE:WSM - Get Free Report) had its price target lifted by investment analysts at Royal Bank Of Canada from $182.00 to $212.00 in a research note issued on Thursday, MarketBeat Ratings reports. The brokerage currently has an "outperform" rating on the specialty retailer's stock. Royal Bank Of Canada's price target would suggest a potential upside of 4.41% from the stock's previous close.

Several other research analysts also recently weighed in on the stock. Zelman & Associates assumed coverage on shares of Williams-Sonoma in a research report on Thursday, May 15th. They issued an "underperform" rating on the stock. Telsey Advisory Group reissued an "outperform" rating and issued a $215.00 target price on shares of Williams-Sonoma in a research report on Tuesday, June 17th. The Goldman Sachs Group dropped their target price on shares of Williams-Sonoma from $201.00 to $174.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Barclays set a $166.00 target price on shares of Williams-Sonoma and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Williams-Sonoma in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Williams-Sonoma has an average rating of "Hold" and a consensus target price of $180.18.

Williams-Sonoma Stock Down 1.2%

Shares of Williams-Sonoma stock traded down $2.40 during trading on Thursday, hitting $203.04. The stock had a trading volume of 1,036,462 shares, compared to its average volume of 1,294,163. The stock has a 50 day simple moving average of $176.00 and a 200 day simple moving average of $173.00. The company has a market capitalization of $24.97 billion, a PE ratio of 22.99, a P/E/G ratio of 3.28 and a beta of 1.47. Williams-Sonoma has a 1 year low of $125.33 and a 1 year high of $219.98.

Williams-Sonoma (NYSE:WSM - Get Free Report) last released its earnings results on Thursday, May 22nd. The specialty retailer reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.09. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.67 billion. Williams-Sonoma had a net margin of 14.35% and a return on equity of 52.79%. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $3.48 earnings per share. As a group, equities 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 Williams-Sonoma news, CFO Jeffrey Howie sold 4,000 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $168.96, for a total transaction of $675,840.00. Following the transaction, the chief financial officer directly owned 34,388 shares of the company's stock, valued at $5,810,196.48. This represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Laura Alber sold 30,000 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $164.33, for a total transaction of $4,929,900.00. Following the completion of the sale, the chief executive officer owned 996,927 shares of the company's stock, valued at $163,825,013.91. The trade was a 2.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 68,000 shares of company stock worth $11,279,580 over the last three months. Company insiders own 1.10% of the company's stock.

Institutional Trading of Williams-Sonoma

Institutional investors and hedge funds have recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in Williams-Sonoma during the 2nd quarter valued at $165,000. CANADA LIFE ASSURANCE Co increased its holdings in Williams-Sonoma by 9.8% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 131,593 shares of the specialty retailer's stock valued at $21,516,000 after buying an additional 11,747 shares during the period. MUFG Securities EMEA plc bought a new stake in Williams-Sonoma in the 2nd quarter valued at $59,000. LGL Partners LLC bought a new stake in Williams-Sonoma in the 2nd quarter valued at $181,000. Finally, Corient Private Wealth LLC increased its holdings in Williams-Sonoma by 102.7% in the 2nd quarter. Corient Private Wealth LLC now owns 228,033 shares of the specialty retailer's stock valued at $37,256,000 after buying an additional 115,510 shares during the period. 99.29% of the stock is currently owned by institutional investors and hedge funds.

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.