Credit Suisse May Have Just Lost Faith in Williams-Sonoma (NYSE:WSM)

October 13, 2017 - By Winifred Garcia

 Credit Suisse May Have Just Lost Faith in Williams Sonoma (NYSE:WSM)

Investors sentiment increased to 1.45 in 2017 Q2. 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.

Texas Permanent School Fund has 58,194 shares. Regal Inv Advsrs Limited Com accumulated 40,446 shares. Comerica Bankshares invested in 0.02% or 64,977 shares. Paloma stated it has 33,807 shares. Assetmark owns 1,795 shares. Amer Intll Grp holds 0.03% or 190,968 shares. Winfield Inc has invested 0% of its portfolio in Williams-Sonoma, Inc. (NYSE:WSM). Amalgamated Comml Bank reported 0.03% stake. Vident Invest Advisory Lc accumulated 6,927 shares. Gotham Asset Mngmt Lc reported 0.01% stake. Ig Invest Mngmt Limited has 0.05% invested in Williams-Sonoma, Inc. (NYSE:WSM) for 212,600 shares. Lingohr And Partner Asset Management Gmbh stated it has 28,569 shares or 0.89% of all its holdings. Fiera Cap Corp has invested 0.15% in Williams-Sonoma, Inc. (NYSE:WSM). Oxbow Limited Liability invested in 34,042 shares or 0.29% of the stock. Amer Assets Ltd Llc, California-based fund reported 78,250 shares.

Williams-Sonoma (NYSE:WSM) Receives a Downgrade

The Equity Rating of Williams-Sonoma (NYSE:WSM) rating was lowered by research professionals at Credit Suisse from the previous Neutral rating to a Underperform rating in an analyst note revealed on Thursday, 12 October.

Investors sentiment increased to 1.45 in 2017 Q2. 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.

Texas Permanent School Fund has 58,194 shares. Regal Inv Advsrs Limited Com accumulated 40,446 shares. Comerica Bankshares invested in 0.02% or 64,977 shares. Paloma stated it has 33,807 shares. Assetmark owns 1,795 shares. Amer Intll Grp holds 0.03% or 190,968 shares. Winfield Inc has invested 0% of its portfolio in Williams-Sonoma, Inc. (NYSE:WSM). Amalgamated Comml Bank reported 0.03% stake. Vident Invest Advisory Lc accumulated 6,927 shares. Gotham Asset Mngmt Lc reported 0.01% stake. Ig Invest Mngmt Limited has 0.05% invested in Williams-Sonoma, Inc. (NYSE:WSM) for 212,600 shares. Lingohr And Partner Asset Management Gmbh stated it has 28,569 shares or 0.89% of all its holdings. Fiera Cap Corp has invested 0.15% in Williams-Sonoma, Inc. (NYSE:WSM). Oxbow Limited Liability invested in 34,042 shares or 0.29% of the stock. Amer Assets Ltd Llc, California-based fund reported 78,250 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. The firm has “Hold” rating by Oppenheimer given on Thursday, August 24. On Thursday, August 25 the stock rating was maintained by Robert W. Baird with “Outperform”. The stock has “Hold” rating by Jefferies on Thursday, September 28. The rating was downgraded by Wedbush on Monday, January 11 to “Neutral”. As per Friday, January 8, the company rating was downgraded by Buckingham Research. The rating was initiated by Credit Suisse on Thursday, August 25 with “Neutral”. Canaccord Genuity maintained it with “Hold” rating and $75 target in Thursday, August 27 report. As per Thursday, March 17, the company rating was maintained by Morgan Stanley. As per Wednesday, January 4, the company rating was initiated by Loop Capital. SunTrust maintained the shares of WSM in report on Tuesday, August 25 with “Buy” 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.

Wall Street await Williams-Sonoma, Inc. (NYSE:WSM) to release earnings on November, 16. Analysts forecast earnings per share of $0.84, up exactly $0.05 or 6.33 % from 2014’s $0.79 EPS. The expected WSM’s profit could reach $71.28 million giving the stock 14.94 P/E in the case that $0.84 earnings per share is reported. After posting $0.61 EPS for the previous quarter, Williams-Sonoma, Inc.’s analysts now forecast 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: Businesswire.com which released: “Williams-Sonoma, Inc. Announces Appointment of Bob Lord to Board of Directors” on October 05, 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 Benzinga.com‘s news article titled: “3 Risks To Williams-Sonoma’s Plans To Accelerate Sales” with publication date: October 12, 2017.

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