Williams-Sonoma, Inc. (NYSE:WSM) had its price objective decreased by Deutsche Bank from $74.00 to $56.00 in a research report sent to investors on Monday morning, ARN reports. Deutsche Bank currently has a hold rating on the stock.

In related news, Director Anthony Greener sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 24th. The shares were sold at an average price of $63.12, for a total transaction of $315,600.00. Following the completion of the sale, the director now directly owns 30,856 shares of the company’s stock, valued at approximately $1,947,630.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Pat Connolly sold 6,800 shares of the company’s stock in a transaction on Wednesday, December 9th. The stock was sold at an average price of $57.78, for a total transaction of $392,904.00. The disclosure for this sale can be found here.

Other hedge funds have recently bought and sold shares of the company. New England Research & Management increased its stake in Williams-Sonoma by 2.0% in the fourth quarter. New England Research & Management now owns 5,200 shares of the company’s stock valued at $304,000 after buying an additional 100 shares in the last quarter. BB&T Securities purchased a new stake in Williams-Sonoma during the fourth quarter valued at about $317,000. Simplex Trading purchased a new stake in Williams-Sonoma during the fourth quarter valued at about $378,000. MAI Capital Management increased its stake in Williams-Sonoma by 1.4% in the fourth quarter. MAI Capital Management now owns 10,265 shares of the company’s stock valued at $600,000 after buying an additional 140 shares in the last quarter. Finally, Mount Vernon Associates Inc. MD increased its stake in Williams-Sonoma by 45.8% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 11,225 shares of the company’s stock valued at $656,000 after buying an additional 3,525 shares in the last quarter.

Williams-Sonoma (NYSE:WSM) opened at 50.74 on Monday. The stock has a 50 day moving average of $56.20 and a 200-day moving average of $71.80. The stock has a market cap of $4.56 billion and a P/E ratio of 14.95. Williams-Sonoma has a 52 week low of $47.33 and a 52 week high of $89.38.

Williams-Sonoma (NYSE:WSM) last released its earnings results on Thursday, November 19th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. The business earned $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 earnings per share. Analysts forecast that Williams-Sonoma will post $3.41 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 24th. Investors of record on Tuesday, January 26th will be issued a dividend of $0.35 per share. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.22. This represents a $1.40 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, January 22nd.

Other analysts also recently issued reports about the stock. Guggenheim initiated coverage on shares of Williams-Sonoma in a report on Thursday, December 17th. They issued a neutral rating on the stock. Jefferies Group restated a hold rating and set a $77.00 price target on shares of Williams-Sonoma in a report on Monday, November 16th. Wedbush restated an outperform rating and set a $70.00 price target on shares of Williams-Sonoma in a report on Tuesday, November 17th. Goldman Sachs lowered shares of Williams-Sonoma to a buy rating and cut their price target for the company from $92.00 to $76.00 in a report on Friday, November 20th. Finally, JPMorgan Chase & Co. cut their price target on shares of Williams-Sonoma from $86.00 to $82.00 and set an overweight rating on the stock in a report on Friday, November 20th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $76.86.

Williams-Sonoma, Inc. is an e-commerce and multi-channel specialty retailer of products for the home with some brands in home furnishings. The Company operates in two segments: e-commerce and retail. The e-commerce segment has the merchandising strategies, which include Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sells its products through its e-commerce Websites and direct-mail catalogs. The retail segment has the merchandising strategies, which include Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm and Rejuvenation, which sells its products through its retail stores. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom, and franchises its brands to third-parties in various countries in the Middle East and the Philippines. The Company’s products are also available to customers through its catalogs and online across the world.

12 Month Chart for NYSE:WSM

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