Williams-Sonoma (NYSE:WSM) Given New $208.00 Price Target at Jefferies Financial Group

Williams-Sonoma (NYSE:WSM - Get Free Report) had its target price cut by Jefferies Financial Group from $226.00 to $208.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the specialty retailer's stock. Jefferies Financial Group's price target would indicate a potential upside of 24.13% from the stock's current price.

A number of other equities analysts have also weighed in on WSM. Wells Fargo & Company upped their target price on shares of Williams-Sonoma from $165.00 to $185.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. Evercore ISI raised 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 note on Thursday, November 21st. TD Cowen boosted their price objective on shares of Williams-Sonoma from $165.00 to $195.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Barclays raised their target price on shares of Williams-Sonoma from $123.00 to $131.00 and gave the company an "underweight" rating in a research report on Thursday, March 13th. Finally, Gordon Haskett upgraded shares of Williams-Sonoma to a "hold" rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Williams-Sonoma has a consensus rating of "Hold" and a consensus price target of $177.93.

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Williams-Sonoma Stock Up 2.4 %

Shares of WSM traded up $3.92 during trading hours on Thursday, reaching $167.57. The stock had a trading volume of 1,143,792 shares, compared to its average volume of 2,153,004. The firm has a 50-day moving average of $197.13 and a 200 day moving average of $172.60. The company has a market cap of $20.63 billion, a P/E ratio of 19.85, a P/E/G ratio of 2.89 and a beta of 1.82. Williams-Sonoma has a 52 week low of $125.33 and a 52 week high of $219.98.

Williams-Sonoma (NYSE:WSM - Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.28 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.40. Williams-Sonoma had a return on equity of 51.56% and a net margin of 14.54%. The business had revenue of $2.46 billion for the quarter, compared to analysts' expectations of $2.34 billion. During the same quarter in the previous year, the business posted $5.44 EPS. Williams-Sonoma's revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities analysts expect that Williams-Sonoma will post 8.36 earnings per share for the current year.

Insider Activity at Williams-Sonoma

In other news, CFO Jeffrey Howie sold 1,408 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $194.32, for a total transaction of $273,602.56. Following the completion of the sale, the chief financial officer now owns 46,388 shares in the company, valued at $9,014,116.16. The trade was a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Laura Alber sold 45,000 shares of the 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 owns 944,666 shares in the company, valued at approximately $196,263,808.16. This trade represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smithfield Trust Co grew its stake in shares of Williams-Sonoma by 100.0% in 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. Brooklyn Investment Group bought a new stake in Williams-Sonoma in the 3rd quarter valued at about $28,000. Heck Capital Advisors LLC acquired a new position in shares of Williams-Sonoma during the 4th quarter worth approximately $37,000. Kozak & Associates Inc. bought a new position in shares of Williams-Sonoma during the fourth quarter worth approximately $39,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Williams-Sonoma in the fourth quarter valued at approximately $38,000. 99.29% of the stock is 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.