The Vanguard Group, Inc. recently announced the acquisition of new stake in Williams-Sonoma Inc. (NYSE:WSM). The institutional investor has increased its shareholding in the Consumer Cyclical company by 4.43% to 7.75 million shares with purchase of 0.33 million shares. This fresh investment now brings its stake to 9.97% valued currently at $675.58 million. In addition, Fidelity Management & Research Co.. raised its holdings by 1.03 million to 5.36 million shares. And AllianceBernstein LP has lifted its position by 6.31% or 0.12 million shares – to 1.99 million shares.
With over 1.3 million Williams-Sonoma Inc. (WSM) shares trading Tuesday and a closing price of $88.06 on the day, the dollar volume was approximately $114.8 million. The shares have shown a negative weekly performance of -7.66% and its price on 09/01/20 gained nearly 0.34%. Currently, there are 77.26M common shares owned by the public and among those 76.84M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 23 analysts who have offered their price forecasts for WSM have a consensus price objective of $98.47. The analysts have set the share’s price value over the next 12 months at a high of $120.00 and a low of $60.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Williams-Sonoma Inc. stock is 2.80 for the next 12 months. The average price target is 5.19% above its last price level and an upside to the estimated low will see the stock lose -46.77% over that period. But an upside of 26.62% will see the stock hit the forecast high price target while mean target price for the stock is $100.00.
Insiders at the company have transacted a total of 111 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 44 of these insider trades were purchases, accounting for 610,671 shares. Insider sales of the common stock occurred on 67 occasions, with total insider shares sold totaling 545,718 shares.
The top 3 mutual fund holders in Williams-Sonoma Inc. are American Funds AMCAP Fund, American Mutual Fund, and Vanguard Total Stock Market Index. American Funds AMCAP Fund owns 3.55 million shares of the company’s stock, all valued at over $308.86 million. The company sold -0.18 million shares recently to bring their total holdings to about 4.56% of the shares outstanding. Vanguard Total Stock Market Index sold 11308.0 shares to bring its total holdings to over 2.2 million shares at a value of $191.26 million. Vanguard Total Stock Market Index now owns shares totaling to 2.82% of the shares outstanding.
Shares of Williams-Sonoma Inc. (NYSE: WSM) opened at $88.11, up $0.35 from a prior closing price of $87.76. However, the script later closed the day at $88.06, up 0.34%. The company’s stock has a 5-day price change of -7.66% and 3.19% over the past three months. WSM shares are trading 19.91% year to date (YTD), with the 12-month market performance up to 40.42% higher. It has a 12-month low price of $26.01 and touched a high of $101.73 over the same period. Currently, 1.3 million shares have been traded, compared to an average intraday trading volume of 1.26 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.04%, -0.11%, and 23.03% respectively.
Institutional ownership of Williams-Sonoma Inc. (NYSE: WSM) 77.26M shares outstanding. Mutual fund holders own 47.52%, while other institutional holders and individual stakeholders account for 53.18% and 20.34% respectively.
It has a market capitalization of $6.97B and a beta (3y monthly) value of 1.66. The stock’s trailing 12-month PE ratio is 16.91, while the earnings-per-share (ttm) stands at $5.21. The company has a PEG of 2.24 and a Quick Ratio of 0.60 with the debt-to-equity ratio at 0.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.68% over the week and 3.14% over the month.
Analysts forecast that Williams-Sonoma Inc. (WSM) will achieve an EPS of $1.51 for the current quarter, $2.32 for the next quarter and $6.06 for 2022. The lowest estimate earnings-per-share for the quarter is $1.16 while analysts give the company a high EPS estimate of $1.83. Comparatively, EPS for the current quarter was $1.02 a year ago. Earnings per share for the fiscal year are expected to increase by 14.50%, and -0.92% over the next financial year. EPS should grow at an annualized rate of 7.55% over the next five years, compared to 6.70% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 23 brokerage firm advisors rate Williams-Sonoma Inc. (WSM) as a “Moderate Buy” at a consensus score of 2.80. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 12 of the 23 advise that investors “hold,” and 3 rated it as a “Sell.”
Looking at the support for the WSM, a number of firms have released research notes about the stock. Telsey Advisory Group stated their Outperform rating for the stock in a research note on August 27, 2020, with the firm’s price target at $110-$120. Gordon Haskett coverage for the Williams-Sonoma Inc. (WSM) stock in a research note released on August 21, 2020 offered a Buy rating with a price target of $110. Wells Fargo was of a view on June 18, 2020 that the stock is Equal Weight, while Wedbush gave the stock Outperform rating on May 29, 2020, issuing a price target of $80- $90. UBS on their part issued Neutral rating on May 29, 2020.