The stock of Williams-Sonoma, Inc. (NYSE:WSM) hit a new 52-week low and has $44.65 target or 5.00% below today’s $47.00 share price. The 6 months bearish chart indicates high risk for the $4.06 billion company. The 1-year low was reported on Oct, 17 by Barchart.com. If the $44.65 price target is reached, the company will be worth $203.00M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 1.04M shares traded hands. Williams-Sonoma, Inc. (NYSE:WSM) has declined 17.64% since March 14, 2016 and is downtrending. It has underperformed by 23.25% the S&P500.
Williams-Sonoma, Inc. (NYSE:WSM) Ratings Coverage
Out of 22 analysts covering Williams-Sonoma (NYSE:WSM), 8 rate it a “Buy”, 2 “Sell”, while 12 “Hold”. This means 36% are positive. Williams-Sonoma has been the topic of 54 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Nomura maintained Williams-Sonoma, Inc. (NYSE:WSM) rating on Thursday, August 25. Nomura has “Buy” rating and $75 price target. As per Thursday, August 27, the company rating was maintained by RBC Capital Markets. As per Thursday, August 27, the company rating was maintained by Cantor Fitzgerald. The firm has “Buy” rating given on Thursday, August 25 by Citigroup. The stock of Williams-Sonoma, Inc. (NYSE:WSM) has “Buy” rating given on Thursday, August 27 by Bank of America. JP Morgan maintained the shares of WSM in a report on Saturday, August 29 with “Buy” rating. Topeka Capital Markets initiated Williams-Sonoma, Inc. (NYSE:WSM) on Tuesday, May 24 with “Buy” rating. The company was maintained on Thursday, August 25 by Robert W. Baird. Robert W. Baird maintained the stock with “Outperform” rating in Thursday, March 17 report. The company was downgraded on Wednesday, July 29 by JP Morgan.
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.”
Insitutional Activity: The institutional sentiment increased to 1.36 in Q2 2016. Its up 0.30, from 1.06 in 2016Q1. The ratio increased, as 50 funds sold all Williams-Sonoma, Inc. shares owned while 90 reduced positions. 64 funds bought stakes while 127 increased positions. They now own 83.72 million shares or 5.85% more from 79.09 million shares in 2016Q1.
Coldstream Capital Mngmt last reported 13,004 shares in the company. Strategic Fin, a New York-based fund reported 59,150 shares. Globeflex Ltd Partnership, a California-based fund reported 14,156 shares. Asset Management last reported 0.01% of its portfolio in the stock. Vision Capital Management Inc reported 6,950 shares or 0.15% of all its holdings. Moreover, Eastern Bank has 0.04% invested in Williams-Sonoma, Inc. (NYSE:WSM) for 8,730 shares. Reik Co Ltd Llc owns 186,649 shares or 3.3% of their US portfolio. Balyasny Asset Management Ltd Llc holds 0.03% or 99,063 shares in its portfolio. Smith Graham & Commerce Lp holds 57,200 shares or 0.41% of its portfolio. Motco accumulated 63,314 shares or 0.37% of the stock. Moreover, Mastrapasqua Asset Management has 0.15% invested in Williams-Sonoma, Inc. (NYSE:WSM) for 11,585 shares. Ladenburg Thalmann Financial Service Incorporated has 3,423 shares for 0% of their US portfolio. The Texas-based Kanaly Trust has invested 0% in Williams-Sonoma, Inc. (NYSE:WSM). Moreover, Independent Portfolio Consultants has 0.14% invested in Williams-Sonoma, Inc. (NYSE:WSM) for 8,460 shares. Benjamin F Edwards And last reported 0.04% of its portfolio in the stock.
Insider Transactions: Since August 29, 2016, the stock had 0 buys, and 2 insider sales for $5.00 million net activity. 15,027 shares were sold by Hayes Janet, worth $747,510 on Wednesday, September 21. Shares for $4.26M were sold by ALBER LAURA.
Another recent and important Williams-Sonoma, Inc. (NYSE:WSM) news was published by Forbes.com which published an article titled: “RSI Alert: Williams Sonoma Now Oversold” on October 11, 2016.
WSM Company Profile
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.
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