The stock of Williams-Sonoma, Inc. (NYSE:WSM) is a huge mover today! About 1.21 million shares traded hands. Williams-Sonoma, Inc. (NYSE:WSM) has declined 11.02% since April 8, 2016 and is downtrending. It has underperformed by 16.67% the S&P500.
The move comes after 9 months positive chart setup for the $4.72 billion company. It was reported on Nov, 10 by Barchart.com. We have $66.79 PT which if reached, will make NYSE:WSM worth $1.42 billion more.
Williams-Sonoma, Inc. (NYSE:WSM) Ratings Coverage
Out of 22 analysts covering Williams-Sonoma (NYSE:WSM), 7 rate it a “Buy”, 2 “Sell”, while 13 “Hold”. This means 32% are positive. Williams-Sonoma has been the topic of 55 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was maintained by Wedbush on Monday, May 16 with “Neutral”. Argus Research maintained the stock with “Buy” rating in Friday, March 18 report. As per Monday, March 14, the company rating was maintained by JP Morgan. The firm earned “Hold” rating on Thursday, August 25 by Deutsche Bank. The stock of Williams-Sonoma, Inc. (NYSE:WSM) has “Sector Perform” rating given on Thursday, March 17 by RBC Capital Markets. Oppenheimer maintained the shares of WSM in a report on Friday, September 4 with “Buy” rating. The firm earned “Neutral” rating on Thursday, December 17 by Guggenheim. Citigroup maintained it with “Buy” rating and $69 target price in Thursday, March 17 report. Jefferies maintained it with “Hold” rating and $56 target price in Thursday, August 25 report. The stock of Williams-Sonoma, Inc. (NYSE:WSM) has “Buy” rating given on Tuesday, August 25 by SunTrust.
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 improved, 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.
Kcg Hldg last reported 17,670 shares in the company. Moreover, Liberty Mutual Group Inc Asset has 0.07% invested in Williams-Sonoma, Inc. (NYSE:WSM) for 35,881 shares. Savings Bank Of New York Mellon accumulated 0.04% or 2.68 million shares. Capital Invsts, a California-based fund reported 815,000 shares. The United Kingdom-based Legal & General Group Public Limited Com has invested 0% in Williams-Sonoma, Inc. (NYSE:WSM). Quantitative Systematic Strategies Lc accumulated 12,284 shares or 0.3% of the stock. Ledyard National Bank has 0% invested in the company for 100 shares. Northern Tru accumulated 701,904 shares or 0.01% of the stock. Hs Partners Ltd Liability Company, a New York-based fund reported 3.11M shares. Finemark Natl Savings Bank has invested 0% of its portfolio in Williams-Sonoma, Inc. (NYSE:WSM). Capital Fund Sa owns 285,891 shares or 0.14% of their US portfolio. M&T Comml Bank Corporation, a New York-based fund reported 41,405 shares. Moreover, Congress Asset Mngmt Ma has 0.05% invested in Williams-Sonoma, Inc. (NYSE:WSM) for 38,988 shares. Arizona State Retirement System holds 0.03% of its portfolio in Williams-Sonoma, Inc. (NYSE:WSM) for 34,292 shares. The Quebec – Canada-based Fiera Cap has invested 0.3% in Williams-Sonoma, Inc. (NYSE:WSM).
Insider Transactions: Since August 29, 2016, the stock had 0 insider purchases, and 2 sales for $5.00 million net activity. The insider ALBER LAURA sold 80,000 shares worth $4.26 million. The insider Hayes Janet sold $747,510.
Another recent and important Williams-Sonoma, Inc. (NYSE:WSM) news was published by Nasdaq.com which published an article titled: “Williams-Sonoma, Inc. (WSM) Ex-Dividend Date Scheduled for October 25, 2016” on October 24, 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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