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

Key Points

• Royal Bank of Canada has raised Williams-Sonoma's target price from $212 to $213, hinting at a potential upside of 10.43% from its current stock price.
• Several analysts have upgraded their price targets for Williams-Sonoma, with KeyCorp increasing theirs to $230 and others maintaining "outperform" ratings.
• Williams-Sonoma reported earnings of $2.00 per share, beating estimates, and achieved a 14.35% net margin with a revenue of $1.84 billion during the last quarter.

Williams-Sonoma (NYSE:WSM - Get Free Report) had its target price increased by investment analysts at Royal Bank Of Canada from $212.00 to $213.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the specialty retailer's stock. Royal Bank Of Canada's price objective points to a potential upside of 10.43% from the stock's current price.

Other equities research analysts have also issued reports about the company. KeyCorp boosted their price objective on Williams-Sonoma from $181.00 to $230.00 and gave the stock an "overweight" rating in a research note on Monday. Telsey Advisory Group reiterated an "outperform" rating and set a $215.00 price objective on shares of Williams-Sonoma in a research note on Thursday. Evercore ISI boosted their price objective on Williams-Sonoma from $200.00 to $210.00 and gave the stock an "in-line" rating in a research note on Thursday. UBS Group upped their price target on Williams-Sonoma from $160.00 to $184.00 and gave the company a "neutral" rating in a research report on Friday, August 22nd. Finally, Citigroup upped their price target on Williams-Sonoma from $162.00 to $202.00 and gave the company a "neutral" rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $192.06.

Williams-Sonoma Stock Up 0.4%

Shares of Williams-Sonoma stock opened at $192.88 on Thursday. Williams-Sonoma has a twelve month low of $125.33 and a twelve month high of $219.98. The business has a 50-day moving average price of $182.75 and a 200 day moving average price of $172.66. The firm has a market cap of $23.72 billion, a PE ratio of 21.84, a P/E/G ratio of 3.20 and a beta of 1.47.

Williams-Sonoma (NYSE:WSM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.21. Williams-Sonoma had a return on equity of 52.79% and a net margin of 14.35%.The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the business earned $1.74 EPS. Williams-Sonoma's revenue for the quarter was up 2.7% compared to the same quarter last year. Williams-Sonoma has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Williams-Sonoma will post 8.36 EPS for the current year.

Insiders Place Their Bets

In other Williams-Sonoma news, CFO Jeffrey Howie sold 4,000 shares of the company's 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 transaction, the chief financial officer directly owned 34,388 shares in the company, valued at $5,810,196.48. This 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 is available at the SEC website. Also, CEO Laura Alber sold 30,000 shares of the company's 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 transaction, the chief executive officer owned 966,927 shares in the company, valued at $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. Insiders have sold 38,000 shares of company stock worth $6,349,680 over the last 90 days. 1.10% of the stock is owned by insiders.

Institutional Trading of Williams-Sonoma

Large investors have recently modified their holdings of the stock. Brighton Jones LLC increased its holdings in Williams-Sonoma by 22.4% in the fourth quarter. Brighton Jones LLC now owns 6,742 shares of the specialty retailer's stock valued at $1,248,000 after buying an additional 1,236 shares during the last quarter. MML Investors Services LLC increased its holdings in Williams-Sonoma by 10.0% in the fourth quarter. MML Investors Services LLC now owns 6,808 shares of the specialty retailer's stock valued at $1,261,000 after buying an additional 619 shares during the last quarter. Stifel Financial Corp increased its holdings in Williams-Sonoma by 3.9% in the fourth quarter. Stifel Financial Corp now owns 20,293 shares of the specialty retailer's stock valued at $3,758,000 after buying an additional 758 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Williams-Sonoma by 3.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 162,112 shares of the specialty retailer's stock valued at $30,021,000 after buying an additional 5,151 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Williams-Sonoma by 15.1% in the fourth quarter. Northern Trust Corp now owns 1,902,382 shares of the specialty retailer's stock valued at $352,283,000 after buying an additional 249,389 shares during the last quarter. Hedge funds and other 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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