Williams-Sonoma, Inc. (WSM) Stock Rating Lowered by J P Morgan Chase & Co

Williams-Sonoma, Inc. (NYSE:WSM) was downgraded by research analysts at J P Morgan Chase & Co from an “overweight” rating to an “underweight” rating in a research note issued to investors on Friday.

A number of other research firms have also issued reports on WSM. Robert W. Baird set a $48.00 price target on Williams-Sonoma and gave the company a “hold” rating in a research report on Tuesday, October 31st. Zacks Investment Research lowered Williams-Sonoma from a “buy” rating to a “sell” rating in a research report on Wednesday. TheStreet raised Williams-Sonoma from a “c+” rating to a “b-” rating in a research report on Monday, October 9th. Credit Suisse Group lowered Williams-Sonoma from a “neutral” rating to an “underperform” rating and set a $44.00 target price on the stock. in a research report on Thursday, October 12th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $49.00 target price on shares of Williams-Sonoma in a research report on Thursday, September 28th. Eight equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $52.18.

Shares of Williams-Sonoma (NYSE:WSM) opened at $52.87 on Friday. The stock has a market capitalization of $4,354.59, a PE ratio of 14.68, a price-to-earnings-growth ratio of 1.09 and a beta of 0.91. Williams-Sonoma has a 12-month low of $42.68 and a 12-month high of $56.94.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Thursday, November 16th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.84. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Williams-Sonoma had a return on equity of 25.43% and a net margin of 5.96%. Williams-Sonoma’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 EPS. research analysts predict that Williams-Sonoma will post 3.59 earnings per share for the current year.

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Several institutional investors have recently bought and sold shares of WSM. Wellington Management Group LLP purchased a new stake in shares of Williams-Sonoma in the first quarter valued at approximately $213,000. Teachers Advisors LLC boosted its stake in shares of Williams-Sonoma by 6.6% in the first quarter. Teachers Advisors LLC now owns 92,848 shares of the specialty retailer’s stock valued at $4,979,000 after buying an additional 5,779 shares in the last quarter. Eqis Capital Management Inc. purchased a new stake in shares of Williams-Sonoma in the second quarter valued at approximately $242,000. Oregon Public Employees Retirement Fund boosted its stake in shares of Williams-Sonoma by 4.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 30,286 shares of the specialty retailer’s stock valued at $1,469,000 after buying an additional 1,258 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its stake in shares of Williams-Sonoma by 18.8% in the second quarter. LS Investment Advisors LLC now owns 6,471 shares of the specialty retailer’s stock valued at $314,000 after buying an additional 1,026 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Williams-Sonoma Company Profile

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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