Williams-Sonoma (NYSE:WSM) Price Target Raised to $195.00 at Morgan Stanley

Williams-Sonoma (NYSE:WSM) had its price target lifted by stock analysts at Morgan Stanley from $170.00 to $195.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the specialty retailer’s stock. Morgan Stanley’s price target would suggest a potential downside of 6.78% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. boosted their price target on Williams-Sonoma from $136.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Royal Bank of Canada upped their price objective on Williams-Sonoma from $162.00 to $189.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Wells Fargo & Company increased their price target on Williams-Sonoma from $165.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Barclays increased their price target on Williams-Sonoma from $116.00 to $123.00 and gave the stock an “underweight” rating in a research report on Thursday, November 21st. Finally, Loop Capital increased their price target on Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Williams-Sonoma presently has a consensus rating of “Hold” and an average target price of $163.16.

Williams-Sonoma Trading Up 3.1 %

Shares of NYSE WSM traded up $6.36 during trading on Tuesday, reaching $209.19. The company had a trading volume of 535,230 shares, compared to its average volume of 1,303,929. Williams-Sonoma has a twelve month low of $95.76 and a twelve month high of $209.00. The stock has a market capitalization of $25.75 billion, a PE ratio of 24.72, a price-to-earnings-growth ratio of 3.09 and a beta of 1.79. The stock has a 50-day moving average price of $180.75 and a two-hundred day moving average price of $155.99.

Insider Buying and Selling

In other news, CEO Laura Alber sold 40,000 shares of the firm’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 completion of 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Jeffrey Howie sold 3,160 shares of the firm’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 sale, the chief financial officer now directly owns 46,388 shares of the company’s stock, valued at approximately $8,228,767.32. This trade represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Institutional Trading of Williams-Sonoma

A number of institutional investors have recently bought and sold shares of WSM. Smithfield Trust Co lifted its position 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 worth $25,000 after buying an additional 80 shares during the last quarter. Cassady Schiller Wealth Management LLC increased its stake in shares of Williams-Sonoma by 100.0% in the third quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 83 shares during the period. Brooklyn Investment Group bought a new position in shares of Williams-Sonoma in the third quarter worth about $28,000. Clean Yield Group bought a new position in shares of Williams-Sonoma in the third quarter worth about $30,000. Finally, HM Payson & Co. increased its stake in shares of Williams-Sonoma by 100.0% in the third quarter. HM Payson & Co. now owns 200 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

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.