Williams-Sonoma's (WSM) Buy (B-) Rating Reiterated at Weiss Ratings

Key Points

• Williams-Sonoma's stock retains a "buy (B-)" rating from Weiss Ratings, signaling continued investor confidence in the company.
• Multiple analysts are optimistic, with price targets ranging from $202 to $215, reflecting a strong bullish sentiment.
• Insiders have sold a total of 114,153 shares in the past three months, indicating potential profit-taking amidst a high stock valuation.

Williams-Sonoma (NYSE:WSM - Get Free Report)'s stock had its "buy (b-)" rating reiterated by analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

WSM has been the topic of a number of other reports. Gordon Haskett raised shares of Williams-Sonoma from a "hold" rating to a "buy" rating and set a $205.00 price target on the stock in a report on Wednesday, July 23rd. Citigroup increased 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. Argus set a $212.00 price objective on shares of Williams-Sonoma in a research report on Tuesday, September 2nd. Royal Bank Of Canada upped their price objective on shares of Williams-Sonoma from $212.00 to $213.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Williams-Sonoma from $168.00 to $215.00 and gave the stock a "neutral" rating in a research report on Thursday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $198.56.

Williams-Sonoma Trading Up 1.0%

Shares of WSM stock traded up $1.86 during trading hours on Friday, hitting $189.89. The company's stock had a trading volume of 197,112 shares, compared to its average volume of 1,749,372. The company has a 50 day moving average of $195.50 and a 200 day moving average of $176.37. The stock has a market cap of $23.13 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 3.04 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 released 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. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.74 EPS. Williams-Sonoma has set its FY 2025 guidance at EPS. As a group, analysts anticipate 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 David Randolph King sold 17,500 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $203.60, for a total value of $3,563,000.00. Following the completion of the sale, the executive vice president directly owned 98,560 shares in the company, valued at $20,066,816. This represents a 15.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Laura Alber sold 90,000 shares of the firm's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $200.17, for a total transaction of $18,015,300.00. Following the sale, the chief executive officer owned 876,927 shares of the company's stock, valued at approximately $175,534,477.59. The trade was a 9.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 114,153 shares of company stock valued at $22,901,008 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Williams-Sonoma

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Groupe la Francaise increased its position in Williams-Sonoma by 8.2% during the second quarter. Groupe la Francaise now owns 631 shares of the specialty retailer's stock worth $103,000 after purchasing an additional 48 shares during the last quarter. Parallel Advisors LLC boosted its stake in Williams-Sonoma by 2.1% during the second quarter. Parallel Advisors LLC now owns 3,016 shares of the specialty retailer's stock worth $493,000 after buying an additional 61 shares during the period. Hemington Wealth Management boosted its stake in Williams-Sonoma by 15.3% during the first quarter. Hemington Wealth Management now owns 482 shares of the specialty retailer's stock worth $76,000 after buying an additional 64 shares during the period. TFB Advisors LLC boosted its stake in Williams-Sonoma by 5.5% during the first quarter. TFB Advisors LLC now owns 1,281 shares of the specialty retailer's stock worth $203,000 after buying an additional 67 shares during the period. Finally, Graypoint LLC boosted its stake in Williams-Sonoma by 1.5% during the first quarter. Graypoint LLC now owns 4,791 shares of the specialty retailer's stock worth $757,000 after buying an additional 69 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.

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