Jefferies Financial Group Increases Williams-Sonoma (NYSE:WSM) Price Target to $226.00

Williams-Sonoma (NYSE:WSM - Get Free Report) had its price target increased by stock analysts at Jefferies Financial Group from $194.00 to $226.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the specialty retailer's stock. Jefferies Financial Group's price objective indicates a potential upside of 21.46% from the company's current price.

A number of other equities analysts have also weighed in on WSM. JPMorgan Chase & Co. upped their target price on shares of Williams-Sonoma from $136.00 to $145.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 19th. Loop Capital boosted their target price on Williams-Sonoma from $145.00 to $180.00 and gave the stock a "hold" rating in a research report on Thursday, November 21st. Citigroup cut their price target on Williams-Sonoma from $140.00 to $134.00 and set a "neutral" rating for the company in a report on Friday, November 8th. TD Cowen upped their price objective on Williams-Sonoma from $165.00 to $195.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Finally, Evercore ISI boosted their price target on shares of Williams-Sonoma from $140.00 to $180.00 and gave the stock an "in-line" rating in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $158.78.

Williams-Sonoma Trading Down 6.1 %

NYSE WSM traded down $12.14 on Wednesday, reaching $186.07. 2,208,736 shares of the stock were exchanged, compared to its average volume of 1,973,753. Williams-Sonoma has a one year low of $95.76 and a one year high of $199.41. The firm has a market capitalization of $22.91 billion, a PE ratio of 22.01, a PEG ratio of 2.98 and a beta of 1.81. The company's 50-day simple moving average is $155.05 and its two-hundred day simple moving average is $148.77.

Insider Buying and Selling

In other news, CFO Jeffrey Howie sold 3,160 shares of the business's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $177.39, for a total value of $560,552.40. Following the completion of the transaction, the chief financial officer now directly owns 46,388 shares of the company's stock, valued at approximately $8,228,767.32. The trade was a 6.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Laura Alber sold 40,000 shares of the company's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $130.49, for a total value of $5,219,600.00. Following the sale, the chief executive officer now owns 990,956 shares of the company's stock, valued at $129,309,848.44. This trade represents a 3.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Williams-Sonoma

A number of large investors have recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new stake in shares of Williams-Sonoma in the 2nd quarter worth $26,000. Crewe Advisors LLC purchased a new stake in shares of Williams-Sonoma during the second quarter worth about $29,000. Smithfield Trust Co increased its holdings in shares of Williams-Sonoma by 100.0% during the third quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer's stock valued at $25,000 after acquiring an additional 80 shares in the last quarter. Cassady Schiller Wealth Management LLC raised its position in shares of Williams-Sonoma by 100.0% in the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 83 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Williams-Sonoma during the 3rd quarter worth approximately $28,000. 99.29% of the stock is currently owned by institutional investors.

About Williams-Sonoma

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.