November 29, 2016 - By Marie Mckinney · 0 Comments
Williams Sonoma Inc (NYSE:WSM) institutional sentiment decreased to 1.31 in Q2 2016. Its down -0.05, from 1.36 in 2016Q1. The ratio worsened, as 191 hedge funds increased or started new equity positions, while 140 reduced and sold stakes in Williams Sonoma Inc. The hedge funds in our partner’s database now hold: 83.72 million shares, up from 79.09 million shares in 2016Q1. Also, the number of hedge funds holding Williams Sonoma Inc in their top 10 equity positions was flat from 6 to 6 for the same number . Sold All: 50 Reduced: 90 Increased: 127 New Position: 64.
Williams-Sonoma, Inc. is a multi-channel specialty retailer of products for the home. The company has a market cap of $4.85 billion. The Firm operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It has a 16.36 P/E ratio. It operates through two divisions: e-commerce and retail.
About 286,342 shares traded hands. Williams-Sonoma, Inc. (NYSE:WSM) has declined 10.38% since April 26, 2016 and is downtrending. It has underperformed by 15.64% the S&P500.
Analysts await Williams-Sonoma, Inc. (NYSE:WSM) to report earnings on March, 15. They expect $1.53 earnings per share, down 1.29% or $0.02 from last year’s $1.55 per share. WSM’s profit will be $135.46M for 8.95 P/E if the $1.53 EPS becomes a reality. After $0.79 actual earnings per share reported by Williams-Sonoma, Inc. for the previous quarter, Wall Street now forecasts 93.67% EPS growth.
According to Zacks Investment Research, “Williams-Sonoma, Inc. is specialty retailer of products for the home. The retail segment sells its products through its three retail concepts: Williams-Sonoma, Pottery Barn and Hold Everything. The direct-to-customer segment sells similar products through its five direct-mail catalogs, Williams-Sonoma, Pottery Barn, Pottery Barn Kids, Hold Everything and Chambers, and the Internet.”
Blackhill Capital Inc holds 42.05% of its portfolio in Williams-Sonoma, Inc. for 4.97 million shares. Hs Management Partners Llc owns 3.11 million shares or 6.77% of their US portfolio. Moreover, Prentiss Smith & Co Inc has 4.4% invested in the company for 149,964 shares. The New York-based Garnet Equity Capital Holdings Inc. has invested 3.59% in the stock. Reik & Co. Llc, a New York-based fund reported 186,649 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 3 sales for $5.89 million net activity.
Ratings analysis reveals 27% of Williams-Sonoma’s analysts are positive. Out of 22 Wall Street analysts rating Williams-Sonoma, 6 give it “Buy”, 2 “Sell” rating, while 14 recommend “Hold”. The lowest target is $45 while the high is $103. The stock’s average target of $63.60 is 16.10% above today’s ($54.78) share price. WSM was included in 57 notes of analysts from July 29, 2015. JP Morgan maintained it with “Overweight” rating and $70 target price in Monday, March 14 report. The rating was maintained by Deutsche Bank with “Hold” on Thursday, August 25. Wedbush maintained Williams-Sonoma, Inc. (NYSE:WSM) rating on Monday, May 16. Wedbush has “Neutral” rating and $53 price target. The firm has “Hold” rating by Cantor Fitzgerald given on Thursday, August 27. The stock has “Outperform” rating given by Telsey Advisory Group on Friday, November 20. Oppenheimer maintained Williams-Sonoma, Inc. (NYSE:WSM) rating on Thursday, August 25. Oppenheimer has “Outperform” rating and $65 price target. On Monday, November 14 the stock rating was downgraded by Robert W. Baird to “Neutral”. RBC Capital Markets maintained Williams-Sonoma, Inc. (NYSE:WSM) rating on Thursday, March 17. RBC Capital Markets has “Sector Perform” rating and $54 price target. The company was downgraded on Wednesday, October 26 by Oppenheimer. The rating was maintained by Argus Research with “Buy” on Friday, March 18.
Williams-Sonoma, Inc., incorporated on March 8, 2011, is a multi-channel specialty retailer of products for the home. The Firm operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two divisions: 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. The retail segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm and Rejuvenation, which sell its products through the Company’s retail stores.
More news for Williams-Sonoma, Inc. (NYSE:WSM) were recently published by: Fool.com, which released: “Williams-Sonoma, Inc. Moves Forward in a Tough Environment” on November 17, 2016. Seekingalpha.com‘s article titled: “Williams-Sonoma: Getting Ahead Of Itself” and published on November 25, 2016 is yet another important article.
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By Marie Mckinney