Williams-Sonoma’s (WSM) “Buy” Rating Reiterated at Oppenheimer Holdings Inc.
Williams-Sonoma Inc. (NYSE:WSM)‘s stock had its “buy” rating reaffirmed by investment analysts at Oppenheimer Holdings Inc. in a report issued on Sunday.
WSM has been the subject of a number of other reports. Credit Suisse Group AG began coverage on shares of Williams-Sonoma in a research note on Thursday, August 25th. They set a “neutral” rating and a $50.00 price objective for the company. Vetr downgraded shares of Williams-Sonoma from a “buy” rating to a “hold” rating and set a $54.49 price objective for the company. in a research note on Monday, August 29th. Argus restated a “buy” rating and set a $75.00 price objective on shares of Williams-Sonoma in a research note on Monday, August 29th. Wedbush reiterated a “neutral” rating and issued a $53.00 target price on shares of Williams-Sonoma in a research note on Thursday, August 4th. Finally, Nomura set a $75.00 target price on shares of Williams-Sonoma and gave the company a “buy” rating in a research note on Thursday, August 18th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $59.70.
Williams-Sonoma (NYSE:WSM) opened at 51.08 on Friday. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 15.29 and a beta of 1.01. The company’s 50-day moving average price is $51.56 and its 200 day moving average price is $53.77. Williams-Sonoma has a 52 week low of $47.33 and a 52 week high of $79.55.
Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Wednesday, August 24th. The company reported $0.58 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.58. Williams-Sonoma had a net margin of 5.97% and a return on equity of 26.86%. The company earned $1.16 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the business posted $0.58 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. On average, analysts predict that Williams-Sonoma will post $3.46 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Thursday, October 27th will be issued a dividend of $0.37 per share. The ex-dividend date is Tuesday, October 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.90%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 44.31%.
In related news, CEO Laura Alber sold 80,000 shares of Williams-Sonoma stock in a transaction on Monday, August 29th. The shares were sold at an average price of $53.19, for a total transaction of $4,255,200.00. Following the completion of the transaction, the chief executive officer now owns 307,860 shares of the company’s stock, valued at $16,375,073.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Janet Hayes sold 15,027 shares of Williams-Sonoma stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $49.74, for a total transaction of $747,442.98. Following the transaction, the insider now directly owns 32,776 shares of the company’s stock, valued at approximately $1,630,278.24. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Fiera Capital Corp increased its position in shares of Williams-Sonoma by 2,173.7% in the second quarter. Fiera Capital Corp now owns 1,014,091 shares of the company’s stock worth $52,865,000 after buying an additional 969,491 shares in the last quarter. Norges Bank purchased a new position in shares of Williams-Sonoma during the fourth quarter worth $46,094,000. HS Management Partners LLC increased its position in shares of Williams-Sonoma by 20.6% in the second quarter. HS Management Partners LLC now owns 3,112,376 shares of the company’s stock worth $162,248,000 after buying an additional 531,800 shares in the last quarter. Janus Capital Management LLC increased its position in shares of Williams-Sonoma by 47.4% in the second quarter. Janus Capital Management LLC now owns 1,609,886 shares of the company’s stock worth $83,923,000 after buying an additional 517,949 shares in the last quarter. Finally, Glenmede Trust Co. NA increased its position in shares of Williams-Sonoma by 13,195.9% in the second quarter. Glenmede Trust Co. NA now owns 452,860 shares of the company’s stock worth $23,606,000 after buying an additional 449,454 shares in the last quarter. 96.59% of the stock is owned by institutional investors and hedge funds.
Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company’s e-commerce Websites and direct-mail catalogs.
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