Goldman Sachs Group started coverage on shares of Williams-Sonoma (NYSE:WSM) in a research report report published on Thursday, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $72.00 target price on the specialty retailer’s stock.
Other analysts have also recently issued reports about the stock. Wedbush set a $12.00 price objective on shares of GameStop and gave the company a buy rating in a research note on Friday, May 31st. Citigroup set a $27.00 price objective on shares of StoneCo and gave the company a hold rating in a research note on Friday, May 31st. Berenberg Bank boosted their price objective on shares of Hiscox from GBX 1,569 ($20.50) to GBX 1,581 ($20.66) and gave the company a hold rating in a research note on Thursday, May 9th. William Blair reissued a market perform rating on shares of Williams-Sonoma in a research note on Thursday, March 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Yum China from $36.50 to $48.00 and gave the company an overweight rating in a research note on Monday, March 18th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the stock. Williams-Sonoma has an average rating of Hold and an average price target of $60.81.
WSM stock opened at $65.44 on Thursday. The stock has a market cap of $5.01 billion, a PE ratio of 14.67, a P/E/G ratio of 1.89 and a beta of 0.86. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.33 and a quick ratio of 0.30. Williams-Sonoma has a one year low of $45.01 and a one year high of $73.99. The stock has a 50 day moving average price of $60.16.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, July 26th will be issued a dividend of $0.48 per share. The ex-dividend date is Thursday, July 25th. This represents a $1.92 annualized dividend and a dividend yield of 2.93%. Williams-Sonoma’s payout ratio is 43.05%.
In related news, insider Marta Benson sold 5,000 shares of Williams-Sonoma stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $61.60, for a total transaction of $308,000.00. Following the transaction, the insider now owns 17,061 shares in the company, valued at approximately $1,050,957.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sabrina Simmons sold 1,750 shares of Williams-Sonoma stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $60.08, for a total transaction of $105,140.00. Following the transaction, the director now owns 10,915 shares in the company, valued at approximately $655,773.20. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.
Several large investors have recently bought and sold shares of WSM. FMR LLC lifted its holdings in shares of Williams-Sonoma by 48.8% during the 4th quarter. FMR LLC now owns 6,115,918 shares of the specialty retailer’s stock valued at $308,548,000 after acquiring an additional 2,004,426 shares in the last quarter. Norges Bank acquired a new position in Williams-Sonoma in the 4th quarter worth $56,083,000. Argent Capital Management LLC lifted its holdings in Williams-Sonoma by 153.7% in the 1st quarter. Argent Capital Management LLC now owns 885,056 shares of the specialty retailer’s stock worth $49,802,000 after buying an additional 536,229 shares in the last quarter. Clark Capital Management Group Inc. lifted its holdings in Williams-Sonoma by 660.7% in the 2nd quarter. Clark Capital Management Group Inc. now owns 355,103 shares of the specialty retailer’s stock worth $23,082,000 after buying an additional 308,422 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Williams-Sonoma by 3.0% in the 1st quarter. BlackRock Inc. now owns 7,594,827 shares of the specialty retailer’s stock worth $427,359,000 after buying an additional 221,007 shares in the last quarter.
Williams-Sonoma Company Profile
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.
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