Williams-Sonoma (NYSE:WSM) Given "Hold" Rating at Jefferies Group

Mae Love
December 8, 2017

Cribstone Capital Management LLC now owns 22,479 shares of the specialty retailer's stock valued at $1,224,000 after buying an additional 70 shares during the last quarter. Oppenheimer Asset Management owns 7,549 shares for 0.01% of their portfolio. The company has a market cap of $4,544.92, a P/E ratio of 15.33, a PEG ratio of 2.00 and a beta of 0.89. The stock increased 0.94% or $10.78 during the last trading session, reaching $1152.35. About 9,150 shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since December 6, 2016 and is uptrending. It has outperformed by 3.50% the S&P500. (NASDAQ:FB). Pnc Fincl Grp Inc holds 2.20 million shares or 0.36% of its portfolio. Verition Fund Management LLC bought a new stake in shares of Williams-Sonoma in the second quarter valued at about $395,000. After the latest session, which saw the stock close at a price of $53.80, WSM sits below its 52-week high. 2,124,320 shares of the company traded hands, compared to its average volume of 1,733,219. Buckingham Research decreased their price target on shares of Williams-Sonoma from $53.00 to $48.00 and set a "neutral" rating for the company in a research note on Thursday, August 24th. It has underperformed by 16.01% the S&P500. Six equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have given a buy rating to the company. Therefore 18% are positive.

Williams-Sonoma, Inc. operates as a multi-channel specialty retailer of various products for home. The firm offers cooking, dining, and entertaining products, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams-Sonoma brand, as well as home furnishings and decorative accessories under the Williams-Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand. The stock now has a consensus rating of Hold and a consensus target price of $51.39. The rating was maintained by Deutsche Bank on Thursday, August 25 with "Hold". (NYSE:WSM) earned "Hold" rating by Stifel Nicolaus on Thursday, October 12. The company was downgraded on Friday, November 17 by Gordon Haskett. The ex-dividend date was Thursday, October 26th. (NYSE:WSM) or 367,405 shares. Jefferies Group also issued estimates for Williams-Sonoma's Q4 2018 earnings at $1.65 EPS, Q1 2019 earnings at $0.52 EPS, Q2 2019 earnings at $0.62 EPS, Q3 2019 earnings at $0.87 EPS and Q4 2019 earnings at $1.82 EPS. It improved, as 45 investors sold WSM shares while 88 reduced holdings.

Other hedge funds have also recently added to or reduced their stakes in the company. New Amsterdam Ltd Co New York has 0.49% invested in Williams-Sonoma, Inc.

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Alpha Windward Limited accumulated 46 shares. Wheatland holds 4,900 shares or 0.21% of its portfolio. Hirtle Callaghan & Ltd Com stated it has 184 shares. Reik & Co. Llc, a New York-based fund reported 177,329 shares. Cribstone Capital Management LLC increased its stake in shares of Williams-Sonoma by 0.3% in the first quarter. Ing Groep Nv accumulated 9,696 shares. Pacific Heights Asset Ltd owns 133,000 shares for 0.62% of their portfolio. Haverford Tru reported 2,506 shares. During the same quarter last year, the firm posted $0.78 earnings per share. analysts forecast that Williams-Sonoma will post 3.54 EPS for the current fiscal year. Williams-Sonoma earned a news sentiment score of 0.17 on Accern's scale. (NYSE:WSM). Oregon Pub Employees Retirement Fund has 30,286 shares for 0.02% of their portfolio. (NASDAQ:FB) for 3,380 shares. IFP Advisors Inc now owns 2,945 shares of the specialty retailer's stock worth $143,000 after acquiring an additional 838 shares during the period.

Williams-Sonoma (NYSE:WSM) last released its earnings results on Thursday, November 16th. "Introduces New Augmented Reality iOS App for Pottery Barn" published on November 29, 2017, Seekingalpha.com published: "Williams-Sonoma Offers Good Value" on November 20, 2017. Wheatland Inc has invested 0.21% in Williams-Sonoma, Inc. Williams-Sonoma's dividend payout ratio (DPR) is 44.19%. EXPANDS PARTNERSHIP WITH LEESA SLEEP" with publication date: "December 06, 2017. The correct version of this piece can be read at https://www.thelincolnianonline.com/2017/12/06/williams-sonoma-inc-wsm-price-target-cut-to-38-00-by-analysts-at-bank-of-america-corporation-updated-updated.html. "Is a Falling Machete â€" Catch It With Caution" published on December 05, 2017, Bloomberg.com published: "Amazon Seeks to Conquer New Continent With Australia Debut" on December 04, 2017.

Northstar Group Inc, which manages about $162.02M US Long portfolio, upped its stake in Schwab Strategic Tr (SCHD) by 8,366 shares to 91,579 shares, valued at $4.13M in 2017Q2, according to the filing. Moreover, Westfield Cap Mgmt Ltd Partnership has 1.71% invested in Amazon.com, Inc.

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