Confidence in Williams-Sonoma (NYSE:WSM) Shares by Credit Suisse Fall.

October 13, 2017 - By Clifton Ray

 Confidence in Williams Sonoma (NYSE:WSM) Shares by Credit Suisse Fall.

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

Regal Inv Lc, a Michigan-based fund reported 40,446 shares. Missouri-based Kennedy Cap Inc has invested 0.07% in Williams-Sonoma, Inc. (NYSE:WSM). State Of Wisconsin Invest Board reported 17,249 shares stake. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Management accumulated 8,000 shares. The Michigan-based Schwartz Counsel Inc has invested 1.76% in Williams-Sonoma, Inc. (NYSE:WSM). Fifth Third Bancorporation, Ohio-based fund reported 126 shares. Hightower Advsrs Ltd Liability stated it has 146,993 shares. Jefferies Group Incorporated Ltd Limited Liability Company reported 8,617 shares or 0% of all its holdings. Grace White Incorporated Ny reported 47,900 shares. Texas Yale Capital Corporation holds 0.05% or 10,786 shares in its portfolio. 24,200 are held by Numeric Invsts Ltd Llc. 12,071 were accumulated by Financial Bank Of Montreal Can. Guggenheim Cap reported 91,677 shares or 0.01% of all its holdings. Ameriprise Fincl owns 229,944 shares. Credit Agricole S A owns 803,199 shares.

Williams-Sonoma (NYSE:WSM) Receives a Downgrade

In analysts report shared with investors and clients on Thursday morning, Credit Suisse has decided to decreased rating on Williams-Sonoma (NYSE:WSM) shares to a “Underperform”. WSM’s prior rating was a “Neutral”.

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

Regal Inv Lc, a Michigan-based fund reported 40,446 shares. Missouri-based Kennedy Cap Inc has invested 0.07% in Williams-Sonoma, Inc. (NYSE:WSM). State Of Wisconsin Invest Board reported 17,249 shares stake. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Management accumulated 8,000 shares. The Michigan-based Schwartz Counsel Inc has invested 1.76% in Williams-Sonoma, Inc. (NYSE:WSM). Fifth Third Bancorporation, Ohio-based fund reported 126 shares. Hightower Advsrs Ltd Liability stated it has 146,993 shares. Jefferies Group Incorporated Ltd Limited Liability Company reported 8,617 shares or 0% of all its holdings. Grace White Incorporated Ny reported 47,900 shares. Texas Yale Capital Corporation holds 0.05% or 10,786 shares in its portfolio. 24,200 are held by Numeric Invsts Ltd Llc. 12,071 were accumulated by Financial Bank Of Montreal Can. Guggenheim Cap reported 91,677 shares or 0.01% of all its holdings. Ameriprise Fincl owns 229,944 shares. Credit Agricole S A owns 803,199 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. Oppenheimer maintained Williams-Sonoma, Inc. (NYSE:WSM) on Friday, May 26 with “Hold” rating. Jefferies maintained the stock with “Hold” rating in Thursday, August 25 report. On Tuesday, May 9 the stock rating was initiated by Gordon Haskett with “Accumulate”. The firm earned “Sector Perform” rating on Thursday, August 27 by RBC Capital Markets. The stock has “In-Line” rating by Piper Jaffray on Thursday, August 27. Deutsche Bank maintained Williams-Sonoma, Inc. (NYSE:WSM) on Sunday, August 30 with “Hold” rating. The rating was maintained by Jefferies with “Hold” on Friday, May 26. Robert W. Baird maintained the stock with “Hold” rating in Friday, September 15 report. The firm has “Neutral” rating given on Friday, January 8 by Buckingham Research. As per Wednesday, July 29, the company rating was downgraded by JP Morgan.

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

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