Williams-Sonoma, Inc. (WSM) Stock Rating Reaffirmed by SunTrust Banks, Inc.

Williams-Sonoma, Inc. (NYSE:WSM)‘s stock had its “buy” rating reissued by SunTrust Banks, Inc. in a research note issued on Tuesday. They currently have a $62.00 price target on the specialty retailer’s stock. SunTrust Banks, Inc.’s price objective would suggest a potential upside of 22.05% from the company’s current price.

A number of other brokerages have also commented on WSM. TheStreet upgraded Williams-Sonoma from a “c+” rating to a “b-” rating in a research report on Monday, October 9th. Zacks Investment Research upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Thursday, October 12th. Credit Suisse Group lowered Williams-Sonoma from a “neutral” rating to an “underperform” rating and set a $44.00 price objective for the company. in a research report on Thursday, October 12th. Jefferies Group LLC reiterated a “hold” rating and issued a $49.00 price objective on shares of Williams-Sonoma in a research report on Thursday, September 28th. Finally, Stifel Nicolaus began coverage on Williams-Sonoma in a research report on Thursday, October 12th. They issued a “hold” rating and a $54.00 price objective for the company. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $52.18.

Shares of Williams-Sonoma (NYSE WSM) opened at 50.80 on Tuesday. The firm has a market capitalization of $4.32 billion, a P/E ratio of 14.59 and a beta of 0.85. The firm has a 50-day moving average of $49.07 and a 200-day moving average of $48.94. Williams-Sonoma has a one year low of $42.68 and a one year high of $56.94.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Wednesday, August 23rd. The specialty retailer reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.02. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Williams-Sonoma had a return on equity of 25.43% and a net margin of 5.96%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the company earned $0.58 earnings per share. On average, equities analysts predict that Williams-Sonoma will post $3.60 earnings per share for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in WSM. UBS Asset Management Americas Inc. raised its position in Williams-Sonoma by 132.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 164,409 shares of the specialty retailer’s stock valued at $8,816,000 after buying an additional 93,645 shares during the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new stake in Williams-Sonoma in the 1st quarter valued at approximately $894,000. OppenheimerFunds Inc. raised its position in Williams-Sonoma by 35.3% in the 1st quarter. OppenheimerFunds Inc. now owns 25,745 shares of the specialty retailer’s stock valued at $1,380,000 after buying an additional 6,715 shares during the last quarter. Principal Financial Group Inc. raised its position in Williams-Sonoma by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 334,740 shares of the specialty retailer’s stock valued at $17,948,000 after buying an additional 6

A number of other brokerages have also commented on WSM. TheStreet upgraded Williams-Sonoma from a “c+” rating to a “b-” rating in a research report on Monday, October 9th. Zacks Investment Research upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Thursday, October 12th. Credit Suisse Group lowered Williams-Sonoma from a “neutral” rating to an “underperform” rating and set a $44.00 price objective for the company. in a research report on Thursday, October 12th. Jefferies Group LLC reiterated a “hold” rating and issued a $49.00 price objective on shares of Williams-Sonoma in a research report on Thursday, September 28th. Finally, Stifel Nicolaus began coverage on Williams-Sonoma in a research report on Thursday, October 12th. They issued a “hold” rating and a $54.00 price objective for the company. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $52.18.

Shares of Williams-Sonoma (NYSE WSM) opened at 50.80 on Tuesday. The firm has a market capitalization of $4.32 billion, a P/E ratio of 14.59 and a beta of 0.85. The firm has a 50-day moving average of $49.07 and a 200-day moving average of $48.94. Williams-Sonoma has a one year low of $42.68 and a one year high of $56.94.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Wednesday, August 23rd. The specialty retailer reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.02. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Williams-Sonoma had a return on equity of 25.43% and a net margin of 5.96%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the company earned $0.58 earnings per share. On average, equities analysts predict that Williams-Sonoma will post $3.60 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece of content was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/10/19/williams-sonoma-inc-wsm-stock-rating-reaffirmed-by-suntrust-banks-inc.html.

A number of institutional investors have recently made changes to their positions in WSM. UBS Asset Management Americas Inc. raised its position in Williams-Sonoma by 132.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 164,409 shares of the specialty retailer’s stock valued at $8,816,000 after buying an additional 93,645 shares during the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new stake in Williams-Sonoma in the 1st quarter valued at approximately $894,000. OppenheimerFunds Inc. raised its position in Williams-Sonoma by 35.3% in the 1st quarter. OppenheimerFunds Inc. now owns 25,745 shares of the specialty retailer’s stock valued at $1,380,000 after buying an additional 6,715 shares during the last quarter. Principal Financial Group Inc. raised its position in Williams-Sonoma by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 334,740 shares of the specialty retailer’s stock valued at $17,948,000 after buying an additional 6,516 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in Williams-Sonoma in the 1st quarter valued at approximately $213,000. 97.92% of the stock is currently owned by institutional investors and hedge funds.

About Williams-Sonoma

Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company’s e-commerce Websites and direct-mail catalogs.

Analyst Recommendations for Williams-Sonoma (NYSE:WSM)

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