Williams-Sonoma (NYSE:WSM) Stock Price Expected to Rise, KeyCorp Analyst Says

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 - Free Report) had its price objective upped by KeyCorp from $181.00 to $230.00 in a research report sent to investors on Monday morning, Marketbeat.com reports. The firm currently has an overweight rating on the specialty retailer's stock.

WSM has been the subject of a number of other reports. Evercore ISI cut their price objective on shares of Williams-Sonoma from $175.00 to $170.00 and set an "in-line" rating for the company in a report on Tuesday, June 17th. Citigroup raised their target price on shares of Williams-Sonoma from $162.00 to $202.00 and gave the company a "neutral" rating in a report on Friday, August 22nd. Telsey Advisory Group reissued an "outperform" rating and issued a $215.00 target price on shares of Williams-Sonoma in a report on Friday, August 22nd. Zelman & Associates assumed coverage on shares of Williams-Sonoma in a report on Thursday, May 15th. They issued an "underperform" rating for the company. Finally, Gordon Haskett raised shares of Williams-Sonoma from a "hold" rating to a "buy" rating and set a $205.00 target price for the company in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $198.35.

Williams-Sonoma Stock Down 0.2%

WSM traded down $0.29 during midday trading on Monday, hitting $187.77. 1,611,765 shares of the company traded hands, compared to its average volume of 1,532,006. Williams-Sonoma has a 52 week low of $125.33 and a 52 week high of $219.98. The firm has a market capitalization of $23.09 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 3.03 and a beta of 1.47. The company's 50-day moving average is $183.88 and its 200 day moving average is $172.38.

Williams-Sonoma (NYSE:WSM - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 EPS for the quarter, beating the consensus estimate of $1.79 by $0.21. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. Williams-Sonoma had a net margin of 14.54% and a return on equity of 54.47%. The business's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.74 EPS. 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.

Williams-Sonoma Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, July 18th were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, July 18th. Williams-Sonoma's dividend payout ratio is 29.04%.

Insider Buying and Selling at Williams-Sonoma

In other news, CFO Jeffrey Howie sold 4,000 shares of Williams-Sonoma stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $168.96, for a total transaction of $675,840.00. Following the completion of the sale, the chief financial officer directly owned 34,388 shares in the company, valued at approximately $5,810,196.48. This trade represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Laura Alber sold 30,000 shares of Williams-Sonoma stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $168.18, for a total value of $5,045,400.00. Following the sale, the chief executive officer owned 966,927 shares of the company's stock, valued at approximately $162,617,782.86. This trade represents a 3.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,000 shares of company stock valued at $6,349,680. Corporate insiders own 1.10% of the company's stock.

Institutional Trading of Williams-Sonoma

Institutional investors and hedge funds have recently made changes to their positions in the business. Maseco LLP purchased a new position in shares of Williams-Sonoma during the second quarter valued at $26,000. Vermillion & White Wealth Management Group LLC increased its stake in shares of 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 valued at $29,000 after buying an additional 102 shares during the period. Quarry LP increased its stake in shares of Williams-Sonoma by 99.0% during the first 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 period. Sentry Investment Management LLC purchased a new position in shares of Williams-Sonoma during the first quarter valued at $32,000. Finally, Costello Asset Management INC purchased a new position in shares of Williams-Sonoma during the first quarter valued at $32,000. 99.29% of the stock is currently owned by institutional investors.

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.