Telsey Advisory Group Downgrades Williams-Sonoma to Market Perform with Price Target $51

Brokerage firm Telsey Advisory Group Downgrades its rating on Williams-Sonoma(WSM). As per the latest information, Telsey Advisory Group Lowers the price target to $51 per share from a prior target of $61. The shares have been rated Market Perform. The rating by the stock financial advisor at Telsey Advisory Group was issued on Feb 13, 2017 in a research report to their Investors and Clients.

In a different note, Loop Capital said it Initiates Coverage On Williams-Sonoma, according to a research note issued on Jan 3, 2017. In the research note, the firm Announces the price-target to $54 per share. The shares have been rated ‘Hold’ by the firm.

Williams-Sonoma (WSM) shares turned negative on Wednesdays trading session with the shares closing down -0.38 points or -0.78% at a volume of 9,01,636. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $48.7. The peak price level was also seen at $48.7 while the days lowest was $47.87. Finally the shares closed at $48.18. The 52-week high of the shares is $61.97 while the 52-week low is $45.96. According to the latest information available, the market cap of the company is $4,232 M.

Williams-Sonoma(WSM) last announced its earnings results on Nov 17, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $1.25B. Analysts had an estimated revenue of $1.26B. Earnings per share were $0.79. The reported EPS was above estimates by $0.02 or 2.60%. Analysts had estimated an EPS of $0.77.

Several Insider Transactions has been reported to the SEC. On Nov 23, 2016, James W. Jr. Brett (PRESIDENT WEST ELM BRAND) sold 16,355 shares at $54.49 per share price.Also, On Sep 23, 2016, Janet Hayes (PRESIDENT WS BRAND) sold 15,027 shares at $50.06 per share price.On Aug 31, 2016, Laura Alber (PRESIDENT & CEO) sold 80,000 shares at $53.19 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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