Telsey Advisory Group Reiterates “Outperform” Rating for Williams-Sonoma (NYSE:WSM)

Williams-Sonoma (NYSE:WSM)‘s stock had its “outperform” rating reissued by investment analysts at Telsey Advisory Group in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $230.00 target price on the specialty retailer’s stock. Telsey Advisory Group’s price target would indicate a potential upside of 37.55% from the company’s current price.

WSM has been the subject of several other reports. Royal Bank of Canada lifted their price objective on Williams-Sonoma from $162.00 to $189.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Jefferies Financial Group increased their price objective on shares of Williams-Sonoma from $194.00 to $226.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Loop Capital boosted their target price on shares of Williams-Sonoma from $145.00 to $180.00 and gave the company a “hold” rating in a research report on Thursday, November 21st. Gordon Haskett upgraded shares of Williams-Sonoma to a “hold” rating in a research report on Thursday, February 13th. Finally, Wedbush restated a “neutral” rating and set a $190.00 price objective (up from $175.00) on shares of Williams-Sonoma in a research report on Friday, February 28th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $176.28.

Williams-Sonoma Stock Up 1.3 %

Shares of NYSE:WSM opened at $167.22 on Monday. Williams-Sonoma has a 12-month low of $125.33 and a 12-month high of $219.98. The company’s 50 day moving average price is $199.93 and its two-hundred day moving average price is $171.36. The firm has a market cap of $20.58 billion, a PE ratio of 19.78, a PEG ratio of 2.89 and a beta of 1.82.

Insider Activity at Williams-Sonoma

In related news, CEO Laura Alber sold 45,000 shares of Williams-Sonoma stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $207.76, for a total value of $9,349,200.00. Following the transaction, the chief executive officer now directly owns 944,666 shares of the company’s stock, valued at $196,263,808.16. The trade was a 4.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeffrey Howie sold 1,408 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $194.32, for a total transaction of $273,602.56. Following the sale, the chief financial officer now directly owns 46,388 shares of the company’s stock, valued at $9,014,116.16. This represents a 2.95 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Williams-Sonoma

Hedge funds and other institutional investors have recently bought and sold shares of the company. Smithfield Trust Co boosted its position in shares of Williams-Sonoma by 100.0% during the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 80 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Williams-Sonoma during the 3rd quarter worth approximately $28,000. Hobbs Group Advisors LLC increased its stake in shares of Williams-Sonoma by 100.0% in the 3rd quarter. Hobbs Group Advisors LLC now owns 236 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 118 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in shares of Williams-Sonoma in the 4th quarter valued at $37,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Williams-Sonoma during the 4th quarter valued at $38,000. Institutional investors and hedge funds 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.