Williams-Sonoma (WSM) Price Target Increased to $53.00 by Analysts at Deutsche Bank

Williams-Sonoma (NYSE:WSM) had its target price upped by Deutsche Bank from $50.00 to $53.00 in a report published on Thursday morning. They currently have a hold rating on the specialty retailer’s stock.

WSM has been the topic of a number of other reports. ValuEngine downgraded Williams-Sonoma from a hold rating to a sell rating in a research report on Wednesday, May 2nd. Barclays set a $45.00 target price on Williams-Sonoma and gave the stock a sell rating in a research report on Thursday, March 15th. BTIG Research boosted their target price on Williams-Sonoma to $47.00 and gave the stock a sell rating in a research report on Thursday, March 15th. Zacks Investment Research upgraded Williams-Sonoma from a hold rating to a buy rating and set a $57.00 target price on the stock in a research report on Saturday, February 3rd. Finally, Wolfe Research boosted their target price on Williams-Sonoma from $52.00 to $55.00 and gave the stock a peer perform rating in a research report on Thursday, March 15th. Eight analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the company. Williams-Sonoma currently has an average rating of Hold and an average price target of $53.00.

Williams-Sonoma opened at $51.96 on Thursday, Marketbeat reports. The company has a current ratio of 1.62, a quick ratio of 0.57 and a debt-to-equity ratio of 0.25. Williams-Sonoma has a 1-year low of $42.68 and a 1-year high of $56.38. The company has a market capitalization of $4.14 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 0.91 and a beta of 0.73.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Wednesday, May 23rd. The specialty retailer reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.09. Williams-Sonoma had a return on equity of 27.16% and a net margin of 4.93%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $0.51 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. equities analysts anticipate that Williams-Sonoma will post 4.18 earnings per share for the current fiscal year.

Williams-Sonoma announced that its Board of Directors has initiated a stock buyback plan on Wednesday, March 14th that authorizes the company to repurchase $286.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Stockholders of record on Friday, April 27th will be given a $0.43 dividend. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.39. This represents a $1.72 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Thursday, April 26th. Williams-Sonoma’s dividend payout ratio is currently 47.65%.

In related news, insider Janet Hayes sold 9,034 shares of the company’s stock in a transaction on Tuesday, March 27th. The stock was sold at an average price of $51.66, for a total value of $466,696.44. Following the completion of the transaction, the insider now directly owns 38,563 shares in the company, valued at $1,992,164.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Laura Alber sold 97,965 shares of the company’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $54.21, for a total value of $5,310,682.65. Following the completion of the transaction, the chief executive officer now owns 264,621 shares of the company’s stock, valued at $14,345,104.41. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. First Long Island Investors LLC increased its stake in Williams-Sonoma by 0.4% in the fourth quarter. First Long Island Investors LLC now owns 238,382 shares of the specialty retailer’s stock valued at $12,324,000 after purchasing an additional 992 shares during the last quarter. Ironwood Investment Management LLC increased its stake in Williams-Sonoma by 11.1% in the fourth quarter. Ironwood Investment Management LLC now owns 10,739 shares of the specialty retailer’s stock valued at $555,000 after purchasing an additional 1,075 shares during the last quarter. Advisor Group Inc. increased its stake in Williams-Sonoma by 21.8% in the fourth quarter. Advisor Group Inc. now owns 6,112 shares of the specialty retailer’s stock valued at $315,000 after purchasing an additional 1,094 shares during the last quarter. Hutchinson Capital Management CA increased its stake in Williams-Sonoma by 0.3% in the fourth quarter. Hutchinson Capital Management CA now owns 355,512 shares of the specialty retailer’s stock valued at $18,380,000 after purchasing an additional 1,163 shares during the last quarter. Finally, Peloton Wealth Strategists increased its stake in Williams-Sonoma by 7.3% in the first quarter. Peloton Wealth Strategists now owns 17,664 shares of the specialty retailer’s stock valued at $932,000 after purchasing an additional 1,203 shares during the last quarter.

About Williams-Sonoma

Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.

Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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