Finally Time To Cut Your Stake? Credit Suisse Downgrades Williams-Sonoma (NYSE:WSM) Shares

October 13, 2017 - By Henry Gaston

 Finally Time To Cut Your Stake? Credit Suisse Downgrades Williams Sonoma (NYSE:WSM) Shares

Investors sentiment increased to 1.45 in 2017 Q2. Its up 0.39, from 1.06 in 2017Q1. It increased, 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.

Advantus Mngmt invested in 0.01% or 10,062 shares. Willingdon Wealth has 37,735 shares for 0.73% of their portfolio. Stifel Financial reported 469,167 shares or 0.08% of all its holdings. 36,824 were accumulated by Ameritas Invest Prtnrs. Logan Capital, Pennsylvania-based fund reported 219,092 shares. Brinker, a Pennsylvania-based fund reported 22,210 shares. Ronna Sue Cohen reported 69,816 shares. Hightower Advisors Ltd Liability Company reported 146,993 shares. Benjamin F Edwards & Com has 3,750 shares. Swiss State Bank reported 0.01% stake. Raymond James And Assocs holds 0% in Williams-Sonoma, Inc. (NYSE:WSM) or 23,536 shares. Dreman Value Mngmt L L C reported 5,494 shares or 0.17% of all its holdings. Paloma Partners accumulated 33,807 shares. First Tru Advsr L P holds 625,220 shares. Smithbridge Asset Management De stated it has 48,195 shares or 1.92% of all its holdings.

Williams-Sonoma (NYSE:WSM) Receives a Downgrade

In a research note issued to clients and investors on Thursday, 12 October, Credit Suisse lowered shares of Williams-Sonoma (NYSE:WSM) to a lower Underperform rating from the previous Neutral rating.

Investors sentiment increased to 1.45 in 2017 Q2. Its up 0.39, from 1.06 in 2017Q1. It increased, 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.

Advantus Mngmt invested in 0.01% or 10,062 shares. Willingdon Wealth has 37,735 shares for 0.73% of their portfolio. Stifel Financial reported 469,167 shares or 0.08% of all its holdings. 36,824 were accumulated by Ameritas Invest Prtnrs. Logan Capital, Pennsylvania-based fund reported 219,092 shares. Brinker, a Pennsylvania-based fund reported 22,210 shares. Ronna Sue Cohen reported 69,816 shares. Hightower Advisors Ltd Liability Company reported 146,993 shares. Benjamin F Edwards & Com has 3,750 shares. Swiss State Bank reported 0.01% stake. Raymond James And Assocs holds 0% in Williams-Sonoma, Inc. (NYSE:WSM) or 23,536 shares. Dreman Value Mngmt L L C reported 5,494 shares or 0.17% of all its holdings. Paloma Partners accumulated 33,807 shares. First Tru Advsr L P holds 625,220 shares. Smithbridge Asset Management De stated it has 48,195 shares or 1.92% of all its holdings.

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. The stock of Williams-Sonoma, Inc. (NYSE:WSM) has “Market Perform” rating given on Monday, February 13 by Telsey Advisory Group. The stock has “Hold” rating by Jefferies on Thursday, March 17. On Wednesday, January 4 the stock rating was initiated by Loop Capital with “Hold”. The stock of Williams-Sonoma, Inc. (NYSE:WSM) has “Buy” rating given on Tuesday, August 25 by SunTrust. On Thursday, October 12 the stock rating was initiated by Stifel Nicolaus with “Hold”. The company was downgraded on Thursday, October 12 by Credit Suisse. The stock of Williams-Sonoma, Inc. (NYSE:WSM) has “Neutral” rating given on Friday, January 8 by Buckingham Research. Citigroup maintained Williams-Sonoma, Inc. (NYSE:WSM) on Thursday, March 17 with “Buy” rating. As per Monday, January 11, the company rating was downgraded by Wedbush. The stock of Williams-Sonoma, Inc. (NYSE:WSM) earned “Hold” rating by Canaccord Genuity on Thursday, August 27.

About 2.34 million 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 await Williams-Sonoma, Inc. (NYSE:WSM) to report earnings on November, 16. They expect $0.84 EPS, up 6.33 % or $0.05 from last year’s $0.79 per share. WSM’s profit will be $71.28M for 14.94 P/E if the $0.84 EPS becomes a reality. After $0.61 actual EPS reported by Williams-Sonoma, Inc. for the previous quarter, Wall Street now forecasts 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: “Can Williams-Sonoma, Inc. (WSM) Prove to be Suitable Value Pick?” on September 18, 2017, also Benzinga.com with their article: “3 Risks To Williams-Sonoma’s Plans To Accelerate Sales” published on October 12, 2017, Businesswire.com published: “WEST ELM & WILLIAMS-SONOMA, INC., FIRST INTERNATIONAL HOME RETAILER TO PARTNER …” on October 04, 2017. More interesting news about Williams-Sonoma, Inc. (NYSE:WSM) were released by: Businesswire.com and their article: “Williams-Sonoma, Inc. Announces Appointment of Bob Lord to Board of Directors” published on October 05, 2017 as well as Nasdaq.com‘s news article titled: “4 Reasons Why You Should Buy Williams-Sonoma (WSM) Stock Now” with publication date: October 10, 2017.

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