Robert W. Baird Downgrades Williams-Sonoma to Hold

By Austin Angelo

Robert W. Baird analyst Peter Benedict downgraded Williams-Sonoma (NYSE: WSM) to Hold today. The company’s shares closed last Friday at $52.12.

According to TipRanks.com, Benedict is a 1-star analyst with an average return of -1.6% and a 43.1% success rate. Benedict covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Vitamin Shoppe Inc, and Bed Bath & Beyond.

Williams-Sonoma has an analyst consensus of Hold, with a price target consensus of $60.

Williams-Sonoma’s market cap is currently $4.62B and has a P/E ratio of 15.60. The company has a book value ratio of 4.0040.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2016, Laura Alber, the PRESIDENT & CEO of WSM sold 80,000 shares for a total of $4,255,200.

Williams-Sonoma, Inc. operates as a multi-channel specialty retailer. The company operates its business through two segments: E-commerce and Retail. The e-commerce segment has the following merchandising strategies: Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through its e-commerce websites and direct-mail catalogs. The retail segment has the following merchandising strategies: Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm and Rejuvenation, which sell its products through its retail stores. . Williams-Sonoma was founded by Charles E. Williams on September 15, 1956 and is headquartered in San Francisco, CA.