Williams-Sonoma Inc. (WSM) Receives Neutral Rating from Wedbush
Other analysts have also issued reports about the stock. Vetr raised shares of Williams-Sonoma from a buy rating to a strong-buy rating and set a $58.75 price target for the company in a research report on Wednesday, July 27th. Robert W. Baird reissued an outperform rating and set a $61.00 price target (down from $68.00) on shares of Williams-Sonoma in a research report on Thursday, August 25th. Jefferies Group reissued a hold rating and set a $56.00 price target (down from $57.00) on shares of Williams-Sonoma in a research report on Thursday, August 25th. Barclays PLC reissued an underweight rating and set a $45.00 price target on shares of Williams-Sonoma in a research report on Friday, August 12th. Finally, Nomura set a $75.00 price target on shares of Williams-Sonoma and gave the company a buy rating in a research report on Thursday, August 18th. Three research 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 has a consensus rating of Hold and an average target price of $59.70.
Williams-Sonoma (NYSE:WSM) traded down 1.98% during trading on Monday, hitting $48.56. 334,683 shares of the company were exchanged. The firm’s 50 day moving average price is $51.13 and its 200-day moving average price is $53.47. The stock has a market capitalization of $4.30 billion, a PE ratio of 14.54 and a beta of 1.02. Williams-Sonoma has a 1-year low of $47.33 and a 1-year high of $77.82.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Wednesday, August 24th. The company reported $0.58 earnings per share 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 analyst estimates of $1.17 billion. During the same period in the prior year, the firm earned $0.58 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts predict that Williams-Sonoma will post $3.46 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Shareholders of record on Thursday, October 27th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Tuesday, October 25th. Williams-Sonoma’s dividend payout ratio is currently 44.31%.
In other Williams-Sonoma news, insider Janet Hayes sold 15,027 shares of the business’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $49.74, for a total value of $747,442.98. Following the completion of the sale, the insider now owns 32,776 shares in the company, valued at $1,630,278.24. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Laura Alber sold 80,000 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $53.19, for a total value of $4,255,200.00. Following the completion of the sale, the chief executive officer now owns 307,860 shares of the company’s stock, valued at approximately $16,375,073.40. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in shares of Williams-Sonoma by 28.2% in the first quarter. Geode Capital Management LLC now owns 614,648 shares of the company’s stock worth $33,645,000 after buying an additional 135,224 shares in the last quarter. Renaissance Technologies LLC raised its position in Williams-Sonoma by 128.7% in the first quarter. Renaissance Technologies LLC now owns 731,700 shares of the company’s stock worth $40,053,000 after buying an additional 411,800 shares during the last quarter. Boston Advisors LLC raised its position in Williams-Sonoma by 361.4% in the second quarter. Boston Advisors LLC now owns 284,828 shares of the company’s stock worth $14,848,000 after buying an additional 223,100 shares during the last quarter. Teachers Advisors Inc. raised its position in Williams-Sonoma by 2.9% in the first quarter. Teachers Advisors Inc. now owns 70,669 shares of the company’s stock worth $3,868,000 after buying an additional 1,975 shares during the last quarter. Finally, BlackRock Group LTD raised its position in Williams-Sonoma by 173.0% in the first quarter. BlackRock Group LTD now owns 346,819 shares of the company’s stock worth $18,985,000 after buying an additional 219,791 shares during the last quarter. Institutional investors own 96.59% of the company’s stock.
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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