Williams-Sonoma (NYSE:WSM) Is a Company that Credit Suisse Seems to Dislike as Downgrade in Given

October 13, 2017 - By Linda Rogers

 Williams Sonoma (NYSE:WSM) Is a Company that Credit Suisse Seems to Dislike as Downgrade in Given

Investors sentiment increased to 1.45 in Q2 2017. Its up 0.39, from 1.06 in 2017Q1. It is positive, as 45 investors sold Williams-Sonoma, Inc. shares while 88 reduced holdings. 62 funds opened positions while 131 raised stakes. 83.22 million shares or 1.61% more from 81.90 million shares in 2017Q1 were reported.

Stifel Corp invested in 0.08% or 469,167 shares. M&T Financial Bank has 23,592 shares. New York State Common Retirement Fund holds 333,286 shares or 0.02% of its portfolio. Denver Advisors owns 0.46% invested in Williams-Sonoma, Inc. (NYSE:WSM) for 215,032 shares. Moreover, Stonebridge Capital has 1.82% invested in Williams-Sonoma, Inc. (NYSE:WSM). Metropolitan Life Insur reported 0.03% stake. Mutual Of America Capital Limited Liability Corp has 64,684 shares for 0.05% of their portfolio. State Board Of Administration Of Florida Retirement System reported 123,776 shares. 293 are owned by Huntington Bank. Rhumbline Advisers holds 194,533 shares or 0.02% of its portfolio. Cornerstone Advsrs holds 721 shares or 0.02% of its portfolio. Wheatland Advisors reported 4,900 shares or 0.21% of all its holdings. Ftb Advsrs has 50 shares for 0% of their portfolio. Morgan Stanley holds 0.01% or 566,388 shares. Highvista Strategies Ltd Limited Liability Company invested in 0.1% or 9,400 shares.

Williams-Sonoma (NYSE:WSM) Receives a Downgrade

Equity research analysts at Credit Suisse’s equities division decreased the rating for shares of Williams-Sonoma (NYSE:WSM) from a “Neutral” to a “Underperform” on Thursday, 12 October.

Investors sentiment increased to 1.45 in Q2 2017. Its up 0.39, from 1.06 in 2017Q1. It is positive, as 45 investors sold Williams-Sonoma, Inc. shares while 88 reduced holdings. 62 funds opened positions while 131 raised stakes. 83.22 million shares or 1.61% more from 81.90 million shares in 2017Q1 were reported.

Stifel Corp invested in 0.08% or 469,167 shares. M&T Financial Bank has 23,592 shares. New York State Common Retirement Fund holds 333,286 shares or 0.02% of its portfolio. Denver Advisors owns 0.46% invested in Williams-Sonoma, Inc. (NYSE:WSM) for 215,032 shares. Moreover, Stonebridge Capital has 1.82% invested in Williams-Sonoma, Inc. (NYSE:WSM). Metropolitan Life Insur reported 0.03% stake. Mutual Of America Capital Limited Liability Corp has 64,684 shares for 0.05% of their portfolio. State Board Of Administration Of Florida Retirement System reported 123,776 shares. 293 are owned by Huntington Bank. Rhumbline Advisers holds 194,533 shares or 0.02% of its portfolio. Cornerstone Advsrs holds 721 shares or 0.02% of its portfolio. Wheatland Advisors reported 4,900 shares or 0.21% of all its holdings. Ftb Advsrs has 50 shares for 0% of their portfolio. Morgan Stanley holds 0.01% or 566,388 shares. Highvista Strategies Ltd Limited Liability Company invested in 0.1% or 9,400 shares.

Williams-Sonoma, Inc. (NYSE:WSM) Ratings Coverage

Among 32 analysts covering Williams-Sonoma (NYSE:WSM), 8 have Buy rating, 4 Sell and 20 Hold. Therefore 25% are positive. Williams-Sonoma has $103 highest and $4000 lowest target. $60.04’s average target is 19.60% above currents $50.2 stock price. Williams-Sonoma had 86 analyst reports since July 29, 2015 according to SRatingsIntel. As per Thursday, August 27, the company rating was downgraded by Bank of America. The rating was maintained by Deutsche Bank on Thursday, August 24 with “Hold”. The firm earned “Buy” rating on Thursday, August 25 by Nomura. RBC Capital Markets maintained Williams-Sonoma, Inc. (NYSE:WSM) rating on Thursday, August 27. RBC Capital Markets has “Sector Perform” rating and $80 target. Jefferies maintained Williams-Sonoma, Inc. (NYSE:WSM) rating on Tuesday, August 22. Jefferies has “Hold” rating and $49.0 target. On Friday, January 8 the stock rating was downgraded by Buckingham Research to “Neutral”. The rating was downgraded by Oppenheimer to “Perform” on Wednesday, October 26. Telsey Advisory Group maintained the stock with “Outperform” rating in Friday, November 20 report. As per Wednesday, September 27, the company rating was maintained by KeyBanc Capital Markets. Robert W. Baird maintained Williams-Sonoma, Inc. (NYSE:WSM) on Thursday, August 25 with “Outperform” rating.

About 2.34M shares traded or 50.97% up from the average. Williams-Sonoma, Inc. (NYSE:WSM) has risen 0.69% since October 13, 2016 and is uptrending. It has underperformed by 16.01% the S&P500.

Analysts expect Williams-Sonoma, Inc. (NYSE:WSM) to report $0.84 EPS on November, 16.They anticipate $0.05 EPS change or 6.33 % from last quarter’s $0.79 EPS. WSM’s profit would be $71.28M giving it 14.94 P/E if the $0.84 EPS is correct. After having $0.61 EPS previously, Williams-Sonoma, Inc.’s analysts see 37.70 % EPS growth.

Williams-Sonoma, Inc. is a multi-channel specialty retailer of products for the home. The company has market cap of $4.26 billion. The Firm operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It has a 14.4 P/E ratio. It operates through two divisions: e-commerce and retail.

More notable recent Williams-Sonoma, Inc. (NYSE:WSM) news were published by: Nasdaq.com which released: “4 Reasons Why You Should Buy Williams-Sonoma (WSM) Stock Now” on October 10, 2017, also Businesswire.com with their article: “Williams-Sonoma, Inc. Announces Appointment of Bob Lord to Board of Directors” published on October 05, 2017, Nasdaq.com published: “Can Williams-Sonoma, Inc. (WSM) Prove to be Suitable Value Pick?” on September 18, 2017. More interesting news about Williams-Sonoma, Inc. (NYSE:WSM) were released by: Benzinga.com and their article: “3 Risks To Williams-Sonoma’s Plans To Accelerate Sales” published on October 12, 2017 as well as Businesswire.com‘s news article titled: “WEST ELM & WILLIAMS-SONOMA, INC., FIRST INTERNATIONAL HOME RETAILER TO PARTNER …” with publication date: October 04, 2017.

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