Williams-Sonoma (NYSE:WSM) Price Target Raised to $230.00 at KeyCorp

Key Points

• KeyCorp has increased its price target for Williams-Sonoma from $181.00 to $230.00, indicating a potential upside of 13.10% from the current stock price.
• Several analysts have provided mixed ratings, with an average rating of "Hold" and an average price target of $189.65.
• Williams-Sonoma reported strong quarterly earnings, with an EPS of $1.85, surpassing analyst expectations and showing a revenue increase of 4.2% year-over-year.

Williams-Sonoma (NYSE:WSM - Get Free Report) had its price objective lifted by KeyCorp from $181.00 to $230.00 in a research note issued on Monday,Benzinga reports. The firm currently has an "overweight" rating on the specialty retailer's stock. KeyCorp's target price would suggest a potential upside of 13.10% from the stock's current price.

Several other research analysts also recently weighed in on the company. UBS Group boosted their price target on Williams-Sonoma from $160.00 to $184.00 and gave the company a "neutral" rating in a report on Friday. The Goldman Sachs Group dropped their price objective on Williams-Sonoma from $201.00 to $174.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Telsey Advisory Group restated an "outperform" rating and set a $215.00 price objective on shares of Williams-Sonoma in a report on Friday. Barclays set a $166.00 price target on Williams-Sonoma and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, Gordon Haskett upgraded Williams-Sonoma from a "hold" rating to a "buy" rating and set a $205.00 price target for the company in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $189.65.

Williams-Sonoma Trading Up 3.1%

Shares of WSM opened at $203.3670 on Monday. Williams-Sonoma has a twelve month low of $125.33 and a twelve month high of $219.98. The stock's 50 day moving average is $180.48 and its two-hundred day moving average is $172.40. The firm has a market capitalization of $25.01 billion, a PE ratio of 23.03, a P/E/G ratio of 3.29 and a beta of 1.47.

Williams-Sonoma (NYSE:WSM - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The specialty retailer reported $1.85 EPS for the quarter, topping the consensus estimate of $1.76 by $0.09. Williams-Sonoma had a return on equity of 52.79% and a net margin of 14.35%.The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the company earned $3.48 EPS. The company's quarterly revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts predict that Williams-Sonoma will post 8.36 EPS for the current year.

Insider Activity

In other news, CFO Jeffrey Howie sold 4,000 shares of the stock in a transaction dated 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 owned 34,388 shares of the company's stock, valued at approximately $5,810,196.48. This trade represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Laura Alber sold 30,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 996,927 shares in the company, valued at $163,825,013.91. The trade was a 2.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 68,000 shares of company stock worth $11,279,580 in the last ninety days. Corporate insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Williams-Sonoma

Several large investors have recently modified their holdings of the stock. State of Wyoming bought a new position in shares of Williams-Sonoma during the second quarter worth about $190,000. Nomura Holdings Inc. raised its stake in Williams-Sonoma by 1,442.7% during the second quarter. Nomura Holdings Inc. now owns 60,072 shares of the specialty retailer's stock worth $9,814,000 after acquiring an additional 56,178 shares during the period. Kestra Investment Management LLC raised its stake in Williams-Sonoma by 445.5% during the second quarter. Kestra Investment Management LLC now owns 4,997 shares of the specialty retailer's stock worth $816,000 after acquiring an additional 4,081 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in Williams-Sonoma during the second quarter worth about $51,000. Finally, Goodman Advisory Group LLC acquired a new stake in Williams-Sonoma during the second quarter worth about $237,000. 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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